Fulton Bank, a subsidiary of Fulton Financial Corp., today said it will eliminate non-sufficient funds and extended overdraft fees.
The change will take effect in the fourth quarter of this year.
“We’ve received consumer customer feedback and this is another way we’re responding and helping,” said Andy Fiol, head of Consumer Banking. “This is just one of several changes we’ve made or are making to meet customers’ needs and expectations regarding overdraft fees.”
In response to consumer feedback, Fulton launched “Xpress Account” in 2021, a checkless account offering customers many of the benefits of a checking account without overdraft or non-sufficient funds fees with a low monthly maintenance charge.
The “Xpress Account” is certified under the BankOn National Account Standards, which are designed to encourage financial institutions to provide consumers with access to safe and affordable checking accounts, the bank said.
“We will continue to evaluate our consumer products, services and fee schedule to ensure we are providing industry-leading services to our consumer customers while, at the same time, continuing to change lives for the better,” said Fiol.