Overdraft Archives

Risks of a dynamic limit strategy

Risks of a dynamic limit strategy

Any overdraft or courtesy pay program these days faces an intense level of scrutiny. On the one hand, you have regulators calling for overdraft reform and increased focus on overdraft practices during exams. The CFPB [...]

Whitepaper: Beyond overdraft

Whitepaper: Beyond overdraft

Download this comprehensive white paper from Cornerstone Advisors, based on a Q2 2022 online survey of 3,000 US consumers that explores consumers’ use of, experience with, and attitudes towards overdraft protection services and with [...]

Everybody loses without access to overdraft services

Everybody loses without access to overdraft services

No overdraft fees may sound consumer-friendly — until you realize that people will still overdraw their accounts and need a way to meet short-term liquidity deficits. What does "no overdraft fees" really mean? For some consumers, [...]

Better knowledge creates better advocates

Better knowledge creates better advocates

Leadership provided by outside community bank and credit union board members is critical in setting strategic direction and ensuring that established policies, compliance expectations, and state and federal laws and regulations are followed. In addition, [...]

Part 2: Death to overdraft fees? Not quite.

Part 2: Death to overdraft fees? Not quite.

When a transaction exceeds the amount in the consumer’s account, financial institutions can allow the transaction to go through for a fee, called an overdraft fee. This is also often referred to as a [...]

3 reasons people like paying overdraft fees

3 reasons people like paying overdraft fees

In the world of finances, the two most reviled words are almost certainly “overdraft fee”. Getting an overdraft fee is adding insult to injury, punishing you for paying with money you didn’t have in [...]

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