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July - Citibank Removes Overdraft. Rates are subject to change by Chanelle Bessette.
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July - Citibank Removes Overdraft. Rates are subject to change by Chanelle Bessette.
Overdraft fees are becoming less of a headache for many bank customers, as more banks move to reduce or eliminate such fees. In some cases, banks with overdraft fees will allow you to link your savings account to a checking account so that it can pull from your savings if you ever overdraw your account. Overdraft fees are a practice to which President Joe Biden has also voiced opposition. Having a linked savings account or a Citi line of credit can enable customers to have funds transferred automatically to a checking account in the event of a negative balance.