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#2211402 - 04/17/19 05:55 PM Overdraft Protection on Multiple Accounts
Tryin2Comply Offline
Member
Joined: Aug 2014
Posts: 76
Does anyone see any issues with having a customer with multiple accounts and all of the accounts have overdraft protection? I came from another institution and it was limited to one account per customer, but I'm not sure if that was a best practice or if I'm concerned for no reason. Thanks for the input!

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#2211473 - 04/17/19 08:41 PM Re: Overdraft Protection on Multiple Accounts Tryin2Comply
GuitarDude Offline
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GuitarDude
Joined: Nov 2004
Posts: 5,925
So Cal
I don't see an issue as long as the underwriting factors in the total credit exposure and the customer is not under the impression that there is some sort of cross-coverage if one of the lines maxes out.

* I am assuming you are referring to actual lines of credit.
Last edited by GuitarDude; 04/17/19 08:44 PM. Reason: Clarification for assumption made
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