![]() ![]() In the second half of 2021, as the pandemic stimulus wound down, overdraft/NSF fee revenue rebounded somewhat but began decreasing again through the third quarter of 2022 – likely due to changes in bank policies.Īcross the first three quarters of 2022, combined overdraft/NSF revenue was $5.8 billion, compared to $8.6 billion across the first three quarters of 2019-a decrease of 33%. Overdraft/NSF Fee Revenueīank overdraft/NSF fee revenue 1 was lower in 2020 and early 2021 than before the pandemic, which was likely largely due to pandemic-related stimulus checks pushing up average checking account balances. This analysis of bank call report data follows our previous analyses of trends in checking account fee revenue published in December 2021 and July 2022. has trended downward in each quarter since the fourth quarter of 2021.Īt the same time, we have not observed correlating increases in other listed checking account fees, which suggests that banks are not replacing overdraft/NSF fee revenue with other fees on checking accounts.was 33% lower over the first three quarters of 2022 compared to the same period in 2019 and.was 43% lower in the third quarter of 2022 than in the third quarter of 2019 before the COVID-19 pandemic onset – suggesting $5.1 billion less in fees on an annualized basis.Our most recent analysis finds that bank overdraft/NSF fee revenue: Since late 2021, several banks have announced changes to their overdraft programs that have been expected to reduce overdraft/non-sufficient fund (NSF) fee revenue.
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