KatelynS's blog
The reason banks want you to keep debit card overdraft coverage
Chances are good you've a debit card. So you've already received a letter from your bank about what a fantastic service debit card overdraft coverage is, and how significant it is for you to keep it. This letter is a result of new credit card rules that require banks to ask you if you would rather opt out of paying for an overdraft and just have your purchase declined. Consumer complaints about spiraling bank overdraft fees helped spur the change in regulations .
