As pressure builds on bank overdraft practices, particularly with regard to debit card transactions, major banks are announcing they will revamp their policies early next year. This week, Chase, Wells Fargo and U.S. Bank announced changes. U.S. Bank will eliminate overdraft fees when a customerâs account is overdrawn by less than $10, regardless of the number of overdraft transactions that may have occurred; limit the number of overdraft fees to no more than three per day; and offer the “opt out” ability to any customer who would prefer to decline or return any transaction on their account, whenever possible, when they are presented against insufficient funds. Wells Fargo will eliminate overdraft fees for customers when they overdraw their accounts by $5 or less and will charge no more than four overdraft fees per day. In addition, Wells Fargo and Wachovia customers will be able to opt out of overdraft coverage. Chase announced it will eliminate overdrafts for debit cards unless the customer opts in to overdraft services; modifying the posting order to recognize debit-card transactions and ATM withdrawals as they occur; eliminating overdraft fees if a customerâs account is $5 or less overdrawn and reducing the maximum number of overdraft fees per day to three from six.