U.S. overdraft fees gain at 14 of the largest U.S. banks, Reuters reports

Over the first nine months of the year, fourteen of the largest U.S. banks reported income jumps generated from overdraft and bounced-check fees, while two banks reported declines, Douglas Gillison of Reuters reports. The data highlights how some banks still rely on overdraft fees. Some of the banks to see year-over-year increases in these fees include: USAA Federal Savings Bank with a jump of 20%; Citizens Bank (CFG) reported a 17% increase; TD Bank (TD) posted a 14% increase; JPMorgan (JPM) announced an 8% gain; and Bank of America (BAC) posted 2% increase. Meanwhile, Wells Fargo (WFC) and Truist (TFC) saw income fee declines of 10% and 22%, respectively, year-over-year.