Bank of America Corp. /zigman2/quotes/200894270/composite BAC -0.35% said late Wednesday it's expecting its consumer overdraft fees to drop 97% from 2009 levels. In June and July, Bank of America said fees related to overdraft services fell 90% over the year-ago period. The decrease comes after the bank earlier this year said it would eliminate non-sufficient funds fees and the reduce overdraft fees to $10 from $35. About 45% of its new checking accounts are under its SafeBalance program, which helps customers avoid overdraft fees entirely. Shares of Bank of America are down 18.2% in 2022, compared with a drop of 10.3% by the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.94% .