FULT - Fulton Bank to end consumer non-sufficient funds extended overdraft fees in Q4

In an effort to help its customers better manage their finances, Fulton Bank, a subsidiary of Fulton Financial (NASDAQ:FULT) said Tuesday that it will eliminate non-sufficient funds and extended overdraft fees in the fourth quarter. Fulton Bank defines extended overdraft fees as an overdraft occurring on a deposit account creating a negative balance and the account balance remains negative for over five straight business days. The regional lender is joining a long string of peers that have already decided to modify overdraft fees and non-sufficient funds fees in the past year, including Associated Bank (ASB), KeyBank (KEY), New York Community Bancorp (NYCB) and Fifth Third Bank (FITB). “We will continue to evaluate our consumer products, services and fee schedule to ensure we are providing industry-leading services to our consumer customers while, at the same time, continuing to change lives for the better,” said Andy Fiol, Fulton's head of Consumer Banking. Earlier this

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Fulton Bank to end consumer non-sufficient funds, extended overdraft fees in Q4