Our overdraft service is automatically provided on our checking accounts. We do provide a disclosure to the customer detailing the service but they do not have to sign anything. If the customer declines the service, then we have them sign a maintenance form stating they do not want our OD service. Customers that do keep the service on their account are provided a Reg E form to opt in or out of ODs on ATM withdrawals and one time debit card purchases.
Last edited by Bankwoman1; 03/31/21 05:51 PM.
If we deny a customer the OD service due to information we obtain from our ChexSystems search, but still open an account, we provide them with an Adverse Action Notice.