Associated Bank plans to eliminate nonsufficient funds, overdraft charges

Green Bay, Wis.-based Associated Banc-Corp announced plans to eliminate nonsufficient funds fees and overdraft protection transfer fees.

Associated Bank NA will change consumer and small business account fees by eliminating nonsufficient funds fees when an item is returned, overdraft protection transfer fees, continuous overdraft fees, and reducing the daily limit of overdraft fee occurrences to two from four.

The planned changes in the third quarter are expected to reduce the total burden of overdrafts to customers by approximately 30%, according to a press release.