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#2223570 - 10/10/19 08:37 PM Daily Overdraft Fee
ahou Offline
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ahou
Joined: Aug 2002
Posts: 3,090
Customer opt'd out of ATM and one time debit card ODP.

On 10-3 the customer withdrew $20 from a foreign ATM and was charged an ATM fee of $1. The $1 ATM fee caused the account to overdraw $1. After day 4, the bank began assessing a daily OD fee. Since the ATM fee is part of the ATM transaction, should the bank be assessing the daily OD fee?
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eBanking / Technology
#2223575 - 10/10/19 09:41 PM Re: Daily Overdraft Fee [Re: ahou]
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 73,330
Galveston, TX
Of course not.
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#2223592 - 10/11/19 01:49 PM Re: Daily Overdraft Fee [Re: rlcarey]
ahou Offline
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ahou
Joined: Aug 2002
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laugh Thanks Randy. People here would argue with a wall. Sure is frustrating.
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#2223706 - 10/15/19 03:54 PM Re: Daily Overdraft Fee [Re: ahou]
P*Q Offline

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P*Q
Joined: May 2001
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Somewhere
Originally Posted by ahou
People here would argue with a wall. Sure is frustrating.
In this day and age of UDAAP and ODP being such hot buttons and targets for examiners, it's scary that you'd have to even question this!

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#2223722 - 10/15/19 05:30 PM Re: Daily Overdraft Fee [Re: ahou]
ahou Offline
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ahou
Joined: Aug 2002
Posts: 3,090
It's not me questioning it. Folks in management are kinda stubborn sometimes.
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#2223730 - 10/15/19 06:41 PM Re: Daily Overdraft Fee [Re: ahou]
P*Q Offline

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P*Q
Joined: May 2001
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Somewhere
That's what I meant! They, not you! smile

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