Win win for everyone except the banks, they make huge amounts of money off punitive overdraft and are not interested in letting that go. $12.4 billion in overdraft fees in 2020
Before the 2008 real estate collapse, this number was less than $100,000 per month.
During the recession, I noted it was going as high as $600,000 per month. At one location in Sunnyvale Ca.
It was the statement of revenue the credit union had - the overdraft section was a single line on the document... I am uncertain as to why they posted it, aside from a "transperency" for the credit union members...