Listen "Why Do Overdraft Fees Exist?"
Episode Synopsis
Overdraft fees feel like the worst possible penalty at the worst possible moment. In this episode of Why This Exists, we trace how overdraft protection evolved from a polite banking courtesy into a multi-billion-dollar profit engine — and why it keeps hitting the people who can least afford it. Along the way, shifting regulations, fintech challengers, and recent political reversals reveal why this controversial fee just won’t disappear.
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