By: Emily Hoyle
Today, a new report from government watchdog Accountable.US revealed that six of the largest banks still reliant on junk fees—including, U.S. Bank, JP Morgan, and Wells Fargo—raked in $7.2 billion in service charges on deposit accounts, including over $1.2 billion in overdraft fees, in just the first half of 2024. The report comes as JP Morgan and Wells Fargo announce $12.9 billion and $5.11 billion in Q3 2024 earnings, respectively.