Velocity Solutions is the NAFCU Services Preferred Partner for Account Holder Premium Card Rewards Program and Overdraft Management Solutions.
We’ve all seen the headlines. In April 2021, PNC announced that it was eliminating NSF (returned item) fees and capping overdraft fees at one per day. Following that, some other banks and credit unions made announcements that they were reducing or eliminating their fees, like Capital One’s announcement in December 2021 that it would be eliminating overdraft fees. A flurry of announcements kept coming from large banks. But what did they really say?