Citi Continues to Bolster its Focus on Financial Inclusion by Eliminating Overdraft Fees

Today, Citi announced plans to eliminate overdraft fees, returned item fees, and overdraft protection fees by this Summer. Citi will be the only top five U.S. bank (based on assets*) to completely eliminate these fees, representing its continued commitment as a top leader in banking to increase financial inclusion in underserved communities.

For twenty years, Citi has put measures in place to minimize overdraft fees for its consumers in order to put their financial wellness first. In fact, the overdraft revenue Citi collects has been among the lowest, compared to its competitors. Today’s announcement is a prime example of how Citi continues to expand access to inclusive banking products and services that can help advance economic progress, especially for underbanked and unbanked populations.