Overdraft fees top $1 billion at the big 3 banks


You aren't alone if you've ever been hit with an overdraft fee from your bank.

America's three biggest banks -- JPMorgan Chase (JPM), Bank of America (BAC) and Wells Fargo(WFC) -- made more than $1.1 billion on overdraft fees in the first three months of the year. 

Despite efforts to curb these charges after the financial crisis, they are still a big money maker for banks. 

If the fee collection pace keeps up, the big three banks are on track bring in $4.5 billion in overdraft charges by the end of this year. That works out to about $20 for every American adult.

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