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#1831015 - 07/08/13 07:42 PM Reinstating a Customer in an Overdraft Program
tjtk1995 Offline
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Joined: Aug 2010
Posts: 17
Would anyone be willing to share their customer requirements in reinstating in an overdraft program to an account? Do you require account to be positive 30 days, 60 days, etc?

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#1831115 - 07/09/13 12:53 PM Re: Reinstating a Customer in an Overdraft Program tjtk1995
KYAuditor Offline
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KYAuditor
Joined: Jan 2003
Posts: 138
Kentucky
Ours are subject to the same requirements that they had to meet to qualify initially.
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Just my 2 cents worth--for what its worth!!

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#1831119 - 07/09/13 01:00 PM Re: Reinstating a Customer in an Overdraft Program tjtk1995
John Burnett Offline
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John Burnett
Joined: Oct 2000
Posts: 39,629
Cape Cod
If the customer previously opted-in under Regulation E 1005.17, your procedure should be to step through that disclosure, solicitation, opt-in, confirmation routine again before charging the customer any OD fees for card transactions.
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John S. Burnett
BankersOnline.com
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