Is bank branch expansion dead? Not at Navy Federal, here’s why
Bank branches in the U.S. has been steadily declining for years, but Navy Federal has taken a different approach.

Overdraft protection is a banking term that is important to understand. Bankrate explains it.
Overdraft protection is a service provided by a bank that protects against nonsufficient funds, or NSF. If you spend more than what is in your checking account, overdraft protection covers the purchase. Banks charge a fee for this service.
Overdraft protection sounds like a positive thing, but the fees can be steep. And because many consumers use their debit cards numerous times a day, those fees can add up quickly. The average overdraft fee is $33.04.
Some consumers are not aware that they have overdraft protection and assume that if they overdraw their account, the bank will simply decline the transaction. It’s smart to ask the bank about overdraft protection when you open an account. If you have an account already and don’t know whether you have overdraft protection, call your bank and ask.
ATM fees are also on the rise. Learn more here.
On Aug. 15, 2017, a new Federal Reserve rule takes effect that prohibits banks from charging overdraft protection fees unless a customer has opted into the service. If you decide to sign up for overdraft protection, it may be because:
There are at least two ways you can reduce overdraft fees: