In a move almost unheard of in the banking world, The National Capital Bank of Washington (NCB) announced today that it won’t be increasing any fees for the 5th consecutive year. And even more startling, the Bank is even eliminating fees!

After a careful review of its accounts and fee structures, National Capital Bank decided that raising fees would do very little to impact the Bank’s bottom line in comparison with what it would lose in customer confidence and respect.

NCB surveyed banks in the D.C. Metro Area and found that the average overdraft fee is $32. At $26, the National Capital Bank currently charges $5 less than the average and will continue to stay at this level. In addition, NCB has now made its Auto Flex product available to all checking account customers without cost. Auto Flex provides automatic overdraft protection by sweeping money from a connected account if a customer were to overdraw an account. Previously this service was only available to the Bank’s Platinum Checking customers and included a $5 fee per sweep. Now all customers who have a second account at National Capital Bank are eligible to receive this coverage at no cost.

“We know times are tough and many people are facing financial hardships. We wanted to make it easier for our customers to manage their accounts and avoid expensive ‘gotcha’ fees,” says James M. Didden, NCB President and Director. “It has always been our policy to offer quality products at honest prices. This is just one more way we can live up to our customers’ expectations.”

The National Capital Bank, Washington’s Oldest Bank, was founded in 1889 and has been managed by the Didden family for 122 years. NCB has assets of $350 million and is headquartered on Capitol Hill with a second branch located in Friendship Heights. The bank has been recognized over the last decade with numerous accolades for its safety and soundness, exceptional performance, and for being named the best bank in DC for small business loans. In addition, the Bank is also recognized as one of the top banks and thrifts, a 100-year old small business of the year, and top commercial lender. NCB trades under the symbol NACB. For more information about NCB, go to www.nationalcapitalbank.com.

National Capital Bancorp (PK) (USOTC:NACB)
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