Transaction Infraction

How bank practices increase overdraft fees

Data Visualization Read time:
Projects: Consumer Banking & Consumer Finance
Transaction Infraction

Hidden RisksThe Transaction Infraction graphic demonstrates how banks can post debits and withdrawals in non-chronological order – a practice that can greatly impact the number of overdraft fees charged to a customer. Pew is encouraging an end to this practice and for banks to post transactions in a fully disclosed, objective and neutral manner that does not maximize overdraft fees. To interact with this tool, the user should compare the customer's order to how the bank processed them by toggling between the two tabs.

The federal district court in Northern California found that Wells Fargo's large-to-small posting order for debit card transactions was an unfair and deceptive practice. Wells Fargo stated that beginning in May, 2011, it will post the most common types of transactions, like debit card transactions, chronologically or low to high for all accounts. To minimize your overdraft fees, check with your bank to find out the order in which they post transactions.

America’s Overdose Crisis
America’s Overdose Crisis

America’s Overdose Crisis

Sign up for our five-email course explaining the overdose crisis in America, the state of treatment access, and ways to improve care

Sign up
Quick View
America’s Overdose Crisis

America’s Overdose Crisis

Sign up for our five-email course explaining the overdose crisis in America, the state of treatment access, and ways to improve care

Sign up

ADDITIONAL RESOURCES

A presentation being given by a businesswoman to a group of participants at a business conference.

Fact Sheet

April 12, 2024 Four Plan Features Can Boost 'Retirement Readiness'
An illustration of a couple holding hands walking away from an outline of houses behind them

Podcast

March 22, 2024 Pathways to Homeownership: Housing in America
A landscape with mountains and clouds. BLM Rule Puts Conservation, Other Land Uses on Equal Footing

MORE FROM PEW

A large group of people in formal or traditional attire stands together on a stage, with a digital background depicting marine life and the large text “WTO Agreement on Fisheries Subsidies.” WTO Needs to Redouble Its Effort on Fishing Subsidies
A man in a winter hat and sunglasses kneels on a rocky shoreline in front of a campfire, holding a metal mug with gloved hands. Behind him, in the water, a motorboat is moored to the shore. Cliffs rise on both sides of the water. Why Newfoundland’s South Coast Fjords Are Sacred
A landscape with mountains and clouds. BLM Rule Puts Conservation, Other Land Uses on Equal Footing
A pink sea coral made up of many branches—with a slender sea star clinging to those branches—fans out against the black backdrop of the deep ocean. Fishery Managers Can Help Prized Fish—and Biodiversity
Composite image of modern city network communication concept

Learn the Basics of Broadband from Our Limited Series

Sign up for our four-week email course on Broadband Basics
Quick View

How does broadband internet reach our homes, phones, and tablets? What kind of infrastructure connects us all together? What are the major barriers to broadband access for American communities?

Pills illustration
Pills illustration

What Is Antibiotic Resistance—and How Can We Fight It?

Sign up for our four-week email series The Race Against Resistance.
Quick View
Pills illustration

Antibiotic-resistant bacteria, also known as “superbugs,” are a major threat to modern medicine. But how does resistance work, and what can we do to slow the spread? Read personal stories, expert accounts, and more for the answers to those questions in our four-week email series: Slowing Superbugs.