Truist Cuts Down Overdraft Fees, Joining Other Big Banks

NEW YORK — Truist Bank says it is reducing its overdraft fees.

It’s the latest big bank to announce a substantial overhaul of overdraft policies that often impact the most vulnerable customers.

The North Carolina-based bank plans to roll out a new checking account this summer that will have a $100 buffer for customers who spend more than they have in their accounts.

It will also create a line of credit for those who need to go further into negative territory.

The bank is also eliminating bounced-check fees.