Capital One is the first big bank to get rid of overdraft fees
CNN
What's in your wallet? If you're a Capital One customer, it might soon be more money: The company will be the first large bank to eliminate overdraft charges.
Capital One (COF) made the announcement Wednesday, saying is it getting rid of all fees for overdrafts and non-sufficient funds. It will also continue to allow customers to get free overdraft protection on their accounts.
That makes Capital One, which is the sixth-largest retail bank in the United States, the first top-ten bank to stop penalizing clients for taking out more cash or writing checks for more money than they have in their account.
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