Opting a customer out of card-related overdraft coverage

Answered by:

Question:

Should we opt a customer out of ATM/debit card overdraft coverage if we have either suspended the courtesy overdraft limit on their account?

Answer:

Yes. If a customer opts-in, they need to get a benefit. When they have a courtesy overdraft limit, they get a cushion, which is the benefit. If you take that cusion away, they no longer get a benefit from being opted-in. Thus, you cannot charge for one-time debits or ATM transactions.
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Overdrafts – Current Developments