The bandwagon is getting full.

After Bank of America's (NYSE: BAC) announced that it was making major changes to its overdraft fee rules, other major banks joined in scaling back their overdraft fees and ending some of their sleazier policies.

Here is a rundown of the changes:

Wells Fargo (NYSE: WFC) will stop charging customers overdraft fees when they overdraw by $5 or less. Plus they will lower the number of overdraft fees they will charge you in one day to 4 (down from then). No word yet on when this new policy takes effect.

Chase (NYSE: JPM) won't charge overdraft fees if you overdraw by $5 or less and the maximum number of fees in one day goes from 6 down to 3.

Perhaps most importantly, Chase will begin processing your debit card and ATM withdrawals in the order they occur--sounds logical, right? But right now, they process the biggest dollar amounts first so they drain your account faster and rack up more overdraft fees!

And they wonder why Congress is coming after them.

It's amazing what fear of new government regulation will do!

While these new changes are great news for customers, don't relax just yet. This is really just one battle in the bigger war against outrageous bank fees.

In 2007, banks made $28 billion from overdraft fees. Do you really think banks are just going to walk away from the massive profits they were making on overdraft fees?

Of course not...and that's bad news for the 74% of us who never incur an overdraft fee because you can bet they'll be looking for some other way to get that money out of your pocket and into their coffers.

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