We live in an era where you can deposit a check by waving your phone at it, but big banks are still raking in billions from overdraft and NSF (non-sufficient funds) fees. It feels like a relic from another time, yet it remains one of the most profitable corners of consumer banking. And while many financial institutions have trimmed or restructured these fees in recent years, the overall haul is still massive.
This isn’t just a quirky footnote in the world of personal finance—it’s a reminder of how the banking system continues to shape the everyday lives of millions of people.
