Overdraft Opt-In Check

Live. Collecting an overdrawn checking balance? Reg E 1005.17: ATM and debit overdraft fees need a valid opt-in.

Send up to 2,000 deposit accounts with the coverage type, account opening date, opt-in date and its notice, opportunity and confirmation facts, revocation date, each overdraft fee (date, amount, transaction type) and the balance claimed. Applies Regulation E 12 CFR 1005.17: fees on ATM and one-time debit card overdrafts only after a segregated notice, a reasonable opportunity, affirmative consent and written confirmation; the July 1 / August 15, 2010 timing for existing accounts; exempt coverage (Reg Z credit lines, linked-account transfers, hybrid prepaid credit); revocation honored as soon as reasonably practicable; no conditioning other overdraft payment on opt-in and the same account terms either way. Checks, ACH and recurring debits are outside the rule. Returns unlawful fees, the collectible balance and cited findings. Nothing stored.

Price: $0.001 per call after 1,000 free per month.

DebtLayer · Tools · Free tools · Docs · support@debtlayer.io