Recent Articles from Chris Myklebust
News
July 7, 2010
Overdraft is so over
Effective Aug. 15, overdraft protection will no longer be automatic for all debit card accounts. A consumer that has not specifically “opted in” to their financial institution’s overdraft protection program, also known as a courtesy pay program, will be de-enrolled. That means a purchase that would otherwise trigger a consumer’s overdraft protection will be denied […[...]