Posts Tagged ‘overdraft protection’

Fed: Consumers must opt in to OD privilege

by Published: May 2,2010

Tags: Banking & Finance, opt-in, overdraft protection

Uninformed may see a decline at register With the increasing use of debit cards in recent years, many consumers have avoided the risk and embarrassment of seeing the words “declined” or “non-sufficient funds” flash at a cash register when accidentally overdrawing due to a service called courtesy overdraft privilege (ODP). When a consumer with ODP […] [...]

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