Banks Have Made $3 Billion So Far in 2026 From an Average Overdraft Fee of $35

The average overdraft fee is about $35, according to the Consumer Financial Protection Bureau (CFPB), and U.S. banks collected $2.96 billion in combined overdraft and non-sufficient funds (NSF) fees in just the first six months of 2026, according to a Motley Fool Money analysis of Federal Financial Institutions Examination Council (FFIEC) Call Report data. That covers 512 banks with more than $1 billion in total assets. Smaller banks are not required to report that data, so the true nationwide total is higher.

Several major banks have cut or eliminated their overdraft fees since 2019, but banks are still raking in billions from them.

How much banks made on overdraft fees in 2026 and over time

Banks are on pace to generate overdraft fees at about the same level as 2024 and 2025, close to $6 billion, after a roughly $1.7 billion decline from 2022 to 2023.

Revenue from overdraft and NSF fees dropped by nearly half between 2019 and 2023 as several major banks cut or eliminated their fees, with a sharp one-year drop in 2020 as pandemic-era spending patterns and stimulus payments briefly reduced overdrafts.

Overdraft fee and NSF revenue have risen slightly for two straight years since.

Overdraft fee revenue by bank

A small number of the largest banks drive most of the industry's overdraft and NSF revenue.

JPMorgan Chase alone accounted for about 19% of all reported overdraft and NSF fees in the first half of 2026, more than any other bank in the data.

Three banks account for most of the swing in overdraft and NSF revenue since 2019: Chase and Wells Fargo are the two largest collectors in the group, and Bank of America made the deepest overdraft fee and NSF cuts of any bank in the data.

Bank of America's overdraft and NSF revenue fell from $1.56 billion in 2019 to $140 million in 2023, after the bank lowered its overdraft fee and dropped its NSF fee entirely, and it has edged up only slightly since, to $152 million in 2025.

Chase's revenue fell from $2.06 billion in 2019 to $1.10 billion in 2023, then recovered to $1.11 billion in 2025 and is on pace for a similar total in 2026.

Wells Fargo's revenue fell from $1.70 billion in 2019 to $937 million in 2023 and has stayed roughly flat since, at $928 million in 2025, according to Motley Fool Money's analysis of FFIEC data.

The average overdraft fee

The typical overdraft fee is about $35, according to the CFPB. That figure lines up closely with what the largest banks actually charge. JPMorgan Chase charges $34 per overdraft item, capped at three fees a day, for example. Bank of America is the exception at $10 per overdraft, capped at two fees a day, down from $35 before it cut the fee in May 2022, according to Bank of America.

Who pays overdraft fees

Twelve percent of Americans paid an overdraft fee in 2025, according to the Federal Reserve, but lower-income, younger, and Black and Hispanic Americans were more likely to have paid one.

Those same groups have lower average checking account balances than the groups less likely to overdraft.

How to avoid overdraft fees

The most direct way to avoid an overdraft is to catch a low balance before overspending. Some banks have apps that provide low-balance alerts in real time. Checking account activity often and keeping a basic budget to provide a running sense of income versus spending can also catch spending that an alert alone might miss. In addition, some of the best checking accounts are no-overdraft-fee accounts, which waive the fee even for accidental overdrafts.