Dayton Business Journal...
Fifth Third among tops for overdraft fees
by Steve Watkins, Staff Reporter
Monday, June 18, 2012 

Fifth Third Bank has tied for the highest overdraft fees of any of the nation’s 14 largest banks, according to a recent survey by the Consumer Federation of America. Fifth Third and Providence, R.I.-based Citizens Bank each charge $37 for some overdrafts. 

Fifth Third’s fee looks slightly better in that it charges a lower amount until the fifth overdraft in a year, when the fee rises to $37. But that’s changing June 27, when Fifth Third will start charging that amount for every overdraft after the first one. That’s the same policy Citizens uses. 

Fifth Third charges $25 for the first overdraft, while Citizens charges $22. 

Cincinnati-based Fifth Third is the largest bank operating in the Dayton region with more than $4 billion in deposits locally. 

Making it tougher for customers, another large local bank – U.S. Bank – also is raising overdraft fees later this month. 

They’re also among the five banks the Consumer Federation researched that use tiered fees, meaning rates go up as customers incur more overdrafts. 

Read this and other articles at Dayton Business Journal