...unless you opt in that is. If you followed this along, then you know that this became effective Aug. 15th for current customers & July 1 for new customers. Banks are no longer allowed to charge you overdraft fees which means that any charges that would cause you to overdraw on the account will not be accepted.
Is this good or bad? I know my opinion on this matter but what do you think?
For more info, check out:
Nov 2009 Rules Placed on Overdraft Fees
How to prepare for the changes
Overdraft Fees Rules Take Effect
Checks Policy Bounced
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