NEW YORK, Aug 17 Reuters Bank of America said on Wednesday overdraft fee revenue for June and July was down 90 from last year, as a result of lowering the fees charged to customers whose account balances go negative.

The secondlargest U.S. bank was one of several to have reduced or eliminated overdraft fees over the past year after the U.S. Consumer Financial Protection Bureau CFPB put a spotlight on the charges, saying banks made more than 19 billion from them in 2019.

Since December, Capital One Financial Corp has said it would stop charging overdraft fees entirely, while the largest U.S. bank, JPMorgan Chase Co, said it would give customers more time to bring their accounts back above 0 before charging them fees.

Bank of America took a different route, cutting overdraft fees to 10 from 35 starting in May. It also eliminated the 35 nonsufficient funds NSF fee customers pay if a check or automatic payment causes their account balances to go negative, and it eliminated the 12 fee charged when customers use overdraft protection services. 

Since implementing the changes, the bank says overdraft fees contributed just 0.4 of its total secondquarter revenue, compared with 1 of all bank revenue in 2021 before the new policies were put in place.

The Charlotte, North Carolinabased lender didn39;t put a figure on its lost revenue. It reported total revenue of 22.7 billion in the second quarter this year and 89.1 billion for the full year of 2021.

Holly O39;Neill, Bank of…