S&T Bancorp in Indiana, Pa., will eliminate all nonsufficient funds (NSF) fees for consumer and business deposit accounts.
The $9.1 billion-asset company said in a press release that its returned-item fees will go away on April 3. S&T will introduce a new program where it will not charge an overdraft fee if account is overdrawn by $10 or less.
Eliminating NSF fees “is just another way we are helping our customers strengthen their financial wellness,” , S&T’s director of consumer banking, said in the release.
S&T also plans to eliminate ACH return item fees, deposited return item fees and transfer fees when money is moved from a savings account or credit line to cover transactions that overdraw an account.