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How to Choose a Bank Account Without Overdraft Fees

Monday, July 12, 2021
Penelope Wang | Consumer Reports
Peter Smith

As noted earlier, many major banks offer Bank On accounts. All told, these accounts are available at 40 percent of bank branches nationwide, according to David Rothstein, senior principal at CFE Fund, a nonprofit that leads the Bank On initiative and certifies these accounts. Still, these accounts might not be prominently displayed online, or consumers may get steered toward other types of accounts, says Peter Smith, senior researcher at the Center for Responsible Lending.