One-Time Debit & ATM Opt-In

Regulation E states, a financial institution holding a consumer’s account shall not assess a fee or charge on a consumer’s account for paying an ATM or one-time debit card transaction pursuant to the institution’s overdraft service, unless the institution meets certain requirements.  One of these requirements is that the consumer opt-in to the overdraft service.  So, what exactly does that mean? 

Jerod explains more in the video


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