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Overdraft Fee Revenue in the U.S. Falls 4.5% to $31.6 Billion in 2011

Survey graphic 140pxAccording to a recent study by Moebs Services, banks received $31.6 billion in overdraft fee revenue in 2011, a decline of 4.5% from 2010.

The Moebs study found that the national median price for an overdraft fee increased to $29, up from $27.50 in 2010. According to Michael Moebs, CEO of Moebs Services, financial institutions increased the prices of overdrafts to cover anticipated costs brought on by the heightened regulatory environment of the FDIC and the implementation of Dodd Frank Act.

These figures reflect the findings of a February 2012 survey of 2,273 banks and credit unions completed by Moebs $ervices, an independent economic research firm.

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