Moebs Study Finds That Overdraft Revenue Likely to Fall This Year

By the end of 2010, the banking industry is expected to have earned $35.4 billion in overdraft fee revenue, down from $37.1 billion in 2009 and on track with 2008, according to a recent Moebs Services study.

The study analyzed fee revenue from 2,284 financial institutions and more than 15,000 depositories for the first six months of 2010; 1,093 banks and savings institutions and 1,187 credit unions were called. The data were collected via anonymous telephone surveys from June 2010 to July 2010. The financial institutions were called and asked questions that might be posed by a prospective member or customer. The asset-size breakdowns of the institutions called were: less than $250 million in assets, $250 million to $1 billion in assets, and greater than $1 billion in assets.