Overdraft Fees: What the Evidence Shows
9% of US checking accounts pay 79% of overdraft fees. What research shows about who pays, why alerts help only a little, and what happened to the CFPB fee cap.
-
-
Deposit Insurance Stops at $250,000. Since 2008, Uninsured Depositors Have Actually Lost Money in Six Per Cent of Failures.
The limit is per depositor, per insured bank, per ownership category — and it is triggered only by a bank failing. Uninsured depositors lost money in 63% of US failures from 1992 to 2007 and in about 6% since. That was a change in practice, not in law.
