« Overdrafts: Linked Accounts and Regulation D - Part 1 | Main | Overdrafts: Linked Accounts and Regulation D - Part 3; Reg D Statement Insert »

March 01, 2012


Dick Bastiansen

Some analysis of how many overdraft protection users have a savings account seems like it would be a good idea. In my experience very few have another account.
Also, a comparison of the consumers costs incurred when an overdraft is not paid versus the fee charged when it is paid might be a good idea.
Over the years we have tried to counsel those who have significant fees for ODP coverage. 99% of them say they know what they are doing and that is how they want it. They get hostile. I'm not sure we changed anybody's mind.

The comments to this entry are closed.

Enter your email address:

Delivered by FeedBurner