The Hidden Costs of Banking: When Fees Become a Way of Life Banks are increasingly relying on fees to stay afloat, rather than traditional interest income.
Financial data shows this trend is driven by the growth in overdraft and non sufficient funds (NSF) fees, which account for two thirds of a typical bank's fee based revenue.
The Consumer Finance Protection Bureau reports that NSF fees can be substantial, ranging from $30 to $35 per transaction, with many banks charging multiple fees for each overdraft event.