Hi All,
I am curious if other credit unions require your members to opt-in to all overdraft programs. Currently, we require members to opt-in to extended overdraft coverage (covers checks, automatic payments, branch withdrawals, ATM withdrawals and debit card transactions) and we do not require a member to opt-in to standard overdraft coverage (covers checks, automatic payments, and branch withdrawals). A member will automatically be enrolled in standard overdraft protection upon opening an account and they have to opt-out of this coverage if they do not wish to have it.
Does your credit union require a member to opt-in to all overdraft protection, or only protection above and beyond the coverage for checks, automatic payments and branch withdrawals?
Thank you!
Karen
