According to research by the Consumer Financial Protection Bureau (CFPB), less than one - fifth of account holders — those who incur three or more overdraft fees per year — pay more than 90 percent of all overdraft fees triggered by debit cards, checks, and ACH electronic transactions.3 Similarly, The Pew Charitable Trusts» chartbook Heavy Overdrafters: A Financial Profile, shows that «heavy overdrafters» — consumers who pay more than $ 100 in overdraft and
nonsufficient funds (NSF) fees in a year — generally have incomes below the U.S. average, and overdraft fees consumed nearly a full week's worth of their household incomes
on average during the past year.
Its $ 30
nonsufficient funds fee, however, isn't as consumer - friendly, especially since there's no cap
on how many times PenFed can charge it in one day.