Banks and Credit cards are really pushing hard for us to opt-in for overdraft and over-the-limit protection. Before the recent CARD laws were passed, these “services” were the default on most accounts.
Now, financial institutions are encouraging us to opt-in. My answer?
Thanks…but, NO THANKS!
Here is an email I just received. Of course, it was full of graphic RED Xs to ignite urgency….didn’t work. The only thing it prompted was this short post!
You Have Not Opted In for Over the Credit Limit Coverage
Sign up now
Unless you sign up now, you may be declined for any transaction that causes you to go over your credit limit. If you want these transactions to be authorized, opt in today!
This service may allow you to:
- Be prepared for unexpected purchases that could bring you over your limit
- Help avoid declined transactions
- Pay a fee only when you go over your limit
- Cancel anytime online or by calling Customer Service
Yes, I’m interested
Request Over the Limit Coverage Now!
How to Select Coverage:
Login to your Account
Visit the Customer Service tab to request “Over the Credit Limit Coverage”
What about you? Are you using the overdraft protection or getting bombarded with email reminders?