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#1785349 - 02/12/13 09:15 PM Courtesy Overdraft program
Anonymous
Unregistered

What is the difference between a "courtesy overdraft program" and an "ad-hoc" program?

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#1785353 - 02/12/13 09:19 PM Re: Courtesy Overdraft program Anonymous
Dani York, CRCM Offline
Power Poster
Dani York, CRCM
Joined: Apr 2005
Posts: 3,663
TN
A courtesy overdraft program is a program in which the bank has placed a set limit of how far they will pay a customer into overdraft before returning items. Generally, these systems are automated and the computer will pay all items up to that limit before a live person sees an item to decision over the limit.

An ad hoc program is where the bank has no set limit for overdrafts, but they look at every item presenting against insufficient funds and decide where to pay it or return based on customer history, etc.
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#1785481 - 02/13/13 02:05 PM Re: Courtesy Overdraft program Anonymous
Banker Offline
100 Club
Joined: Oct 2007
Posts: 128
Southeastern US
Keep in mind, generally the courtesy overdraft typically shows in the customer's available balance. So, this will typically be available when debit cards are swiped and it verifies a balance prior to payment (if a customer has opted in for this service).

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