--- description: Find out why Capital One was selected for the list title: TIME100 Most Influential Companies 2022: Capital One image: https://static.time.com/v3/assets/bltea6093859af6183b/blt22959cdbb6e25f1f/698a3038457a52740fd66429/T100-Companies-T-Capitol-One.jpg?branch=production&width=3840&quality=75&auto=webp&crop=16:9 --- Mar 30, 2022 # Capital One Fewer fees by [Nik Popli](/author/nik-popli/) ## Nik Popli Update your preferences in [Account Settings](/account/preferences/) Close Staff Writer  A Capital One bank in Midtown Manhattan in 2020. A Capital One bank in Midtown Manhattan in 2020.Noam Galai—Getty Images In December, Capital One became the first major U.S. bank to announce that it was completely eliminating overdraft and insufficient-fund fees, which accounted for $150 million of Capital One’s $30.4 billion in revenue last year. Such fees typically run around $25 to $35 each but cost Americans over $15 billion in total annually. They can be particularly devastating for families living on the financial edge, who frequently get dinged with these fees yet are least likely to have the means to pay them. After Capital One’s trendsetting move—and amid regulatory pressure—other top U.S. banks, including Bank of America, Wells Fargo, and Citigroup, announced plans to follow suit. _A weekly newsletter featuring conversations with the world’s top CEOs, managers, and founders._ [_Join the Leadership Brief_](https://cloud.newsletters.time.com/signup?nln=leadership&source=100companies "undefined") ```json [{"@context":"https://schema.org","@type":"Article","@id":"https://time.com/collections/time100-companies-2022/6159478/capital-one/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/collections/time100-companies-2022/6159478/capital-one/"},"headline":"Capital One","datePublished":"2022-03-30T10:23:27.000Z","dateModified":"2026-03-03T00:01:25.333Z","description":"","url":"https://time.com/collections/time100-companies-2022/6159478/capital-one/","keywords":["TIME100 Companies","T100Companies2022","sponsorshipblock"],"thumbnailUrl":"https://static.time.com/v3/assets/bltea6093859af6183b/blt22959cdbb6e25f1f/698a3038457a52740fd66429/T100-Companies-T-Capitol-One.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","author":[{"@type":"Person","name":"Nik Popli","jobTitle":"Staff Writer","url":"https://time.com/author/nik-popli/"}],"creator":"Nik Popli","articleSection":"","image":[{"@type":"ImageObject","url":"https://static.time.com/v3/assets/bltea6093859af6183b/blt22959cdbb6e25f1f/698a3038457a52740fd66429/T100-Companies-T-Capitol-One.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","width":1200,"height":675}],"publisher":{"@type":"Organization","name":"Time","url":"https://time.com/","logo":{"@type":"ImageObject","url":"https://time.com/images/logo.png","width":528,"height":156},"foundingDate":"March 3, 1923","sameAs":["https://www.facebook.com/time","https://www.instagram.com/time/?hl=en","https://twitter.com/time","https://www.pinterest.com/timemagazine"]}},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"https://time.com/collections/time100-companies-2022/6159478/capital-one/","name":"Capital One"}}]}] ```