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Capital One says it is ditching all consumer overdraft fees, giving up $150 million in annual revenue

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cnbc.com

In this article Capital One says it is eliminating all overdraft fees for retail banking customers. It's the largest U.S. bank yet to end the industry practice of charging customers a hefty fee, typically $25 to $35 each instance, for allowing transactions that exceed a customer's balance, according to the McLean, Virginia-based lender.

The move will cost the bank an estimated $150 million in lost revenue per year, according to a company spokesperson. «We will completely eliminate overdraft and

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