True, but the rule just states that all they have to do is get consent from the customer. Nowhere does it state that banks have to stop overdraft fees or reduce them. It's really not that big of a deal. I know when I signed up with my bank it was there in bold print the amount of the overdraft fee. I also know that not all banks do this and rely on the fine print instead. As far as making it hard for banks to make money I don't think that will be a problem. Have you seen how much they charge to use an ATM nowadays. I went to an ATM the other day because a friend needed to borrow $20. I drive up and there is a fee of $3.00 for the transaction. That's like taking out a 15% interest loan on myself for $20. I went to WalMart and just got cash back on a purchase instead. Banks are also aware of this and I can see them initiating some fee that is triggered whenever you get cash back on a purchase that doesn't equal a certain dollar amount.