Ally Bank answers call to end overdraft fees

[Wylie]

I noticed this past Spring that Ally Bank had one of the better interest rates for savings accounts among its competitors, and now seeing that they are the first large bank to stop charging overdraft fees, I feel even more compelled to start using their services more actively. Thoughts on whether this is ultimately a more positive or negative change of practice? Obviously, you don’t want tons of people spending money they don’t have, but I could see this helping a lot of people out as they venture back into this post-pandemic world.