What you need to know about recent overdraft protection changes
Posted by Samantha Martinez on August 9th, 2010
Beginning July 1, 2010 for new accounts and August 15, 2010 for existing depositors, banks will no longer offer automatic overdraft protection for ATM and debit cards. For those who like to “live on the edge” with their checking accounts and savings accounts, these changes may be significant. While automatic overdraft protection is disappearing, those who enjoyed and often used this feature may still “opt in” and notify their bank they want to keep this coverage.
Upcoming overdraft protection changes
Overdraft protection features