In the past year, Americans have paid over $15 billion in overdrafts fees. Veuer’s Natasha Abellard (@NatashaAbellard) has the story.

The traditional bank has been under threat for years amid new technologies that have changed the way consumers manage their money and pay for things. In the U.S., branches have been closing at a rapid pace — 1,771 in 2017, according to a National Community Reinvestment Coalition study — as they exit less profitable rural areas and try to lower costs, boost profits and regain trust in the aftermath of the financial crisis. 

But according to a report published Wednesday by McKinsey, a consultancy, one area of the world where the…