Discover what a daylight overdraft is, how banks manage it, and why it matters for financial stability. Learn about its operational mechanics and potential risks.

Consumers struggling with holiday spending hangovers may want to reconsider resorting to overdrafts on their checking accounts. Banks often market overdraft programs as a way for customers to smooth ...

Aj Fabino is a Newsweek reporter based in Chicago. His focus is reporting on Economy & Finance. Aj joined Newsweek in 2023 and brings with him in-field experience reporting on complex financial topics ...

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Capping overdraft fees may seem helpful, but will actually result in more banks simply not allowing overdrafts at all, writes Thomas Knapp. Getty Images The U.S. Consumer Financial Protection Bureau, ...