The Globe and Mail reports in its Saturday edition that Canadians have faced fees as high as $50 for insufficient funds in their bank accounts. The Globe's guest columnist Preet Banerjee writes that the 2024 federal budget introduced a $10 cap on non-sufficient funds fees, effective March 12. Federally regulated banks and credit unions can now only charge up to $10 for NSF fees, limit to one fee every two business days on the same account, and cannot charge if the overdraft is under $10. This long-overdue change is expected to save consumers over $600-million annually and will benefit financially vulnerable households, with one in three Canadians facing NSF fees each year. NSF fees and overdraft charges can be frustrating penalties that often arise from timing issues rather than poor budgeting. With different income schedules, grocery shopping habits, and varying payment timings, many households face these annoying charges when a deposit is delayed or a payment is made early. Ottawa's new cap is a sensible fix. Good consumer protection, however, is not only about lowering the charge. It should employ a combination of psychology and technology to help people avoid incurring the avoidable charges in the first place.