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Webster Bank Eliminates Fees to Benefit Clients

By Webster Bank

(STAMFORD, CT) May 9, 2023 | 1 min read —

Webster Bank today announced it will eliminate returned items fees and overdraft transfer fees to benefit clients and consumers. These changes are anticipated to be effective in the second half of 2023.

In addition to the eliminated fees, Webster also provides the following services for clients to help them manage their accounts including:

  • No assessment of an overdraft fee if an account is overdrawn for less than $5 at end-of-day;
  • Balance alerts established through Webster’s Mobile Banking app and Webster Online Banking; and,
  • Overdraft protection, which draws from their savings account or a line of credit.

“Webster is committed to offering our consumer banking clients and prospects the best products and services,” said James Griffin, Executive Vice President, Head of Consumer Banking at Webster. “These positive changes to our servicing fee schedules are a reflection of that and align with Webster’s commitment to make banking easier for our customers.”

Changes to customer fees are reflected in the financial outlook provided on Webster Financial’s first quarter 2023 earnings call.

Learn more about Webster’s checking account and broader consumer offerings.

Santander Holdings USA, Inc. ( “Santander US” ) is a wholly -owned subsidiary of Madrid -based Banco Santander, S.A. (NYSE: SAN) (“Santander ”), recognized as one of the world’s most admired companies by Fortune Magazine in 2026, with more than 182 million customers in the United States, Europe and Latin America. Santander US is the intermediate holding company for Santander’s five growing businesses in the United States. Santander’s U.S. presence consists of auto lending, retail and digital banking, commercial banking, corporate and investment banking, and wealth management businesses. In August 2026, Santander closed on its acquisition of Webster Financial Corporation and, indirectly, Webster Bank, N.A, creating a leading retail and commercial bank in the United States by assets with an expanded presence in the Northeast. In the U.S. market, Santander also is recognized as top-10 auto lender and a top -10 multifamily bank lender and servicer, and operates one of the fastest growing digital banks, Openbank by Santander, as a division of Santander Bank, N.A. For more information about Santander US, please visit www.santanderus.com.

Contact Information

Media Contact:

Alice Ferreira

[email protected]

203-578-2610

Investor Contact:

Emlen Harmon

[email protected]

212-309-7646

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