overdraft statement fees

Overdraft Fee Statistics

Year Total Paid in Overdraft Fees Average Overdraft Fee
2014 $35.25 billion $30
2013 $33.8 billion $29
2012 $32 billion $28
2011 $31.6 billion $27
2010 $35.3 billion $30
2009 $37.1 billion $28
2008 $35.4 billion $26
2007 $34.1 billion $25
2006 $31.5 billion $23
2005 $29.7 billion $20
Overdraft Statistics Data
Percent of Americans who have overdrafted their account within the past year 18 %
Percent of overdrafters who would prefer their transaction be declined 78 %
Percent of overdrafters who make less than $30,000 per year 64 %
Percent of people enrolled in a overdraft protection plan 24 %
Average checking account fees per account holder enrolled in overdraft protection $119
Average checking account fees per account holder not enrolled in overdraft protection $28

An overdraft occurs when money is withdrawn from a bank account and the available balance goes below zero. In this situation the account is said to be "overdrawn". If there is a prior agreement with the account provider for an overdraft, and the amount overdrawn is within the authorized overdraft limit, then interest is normally charged at the agreed rate. If the negative balance exceeds the agreed terms, then additional fees may be charged and higher interest rates may apply.

Statistic Verification
Source: Moebs Services
Research Date: August 3rd, 2015

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