Remove Debit Card Remove Deposit Account Remove Reg E
article thumbnail

Understanding Overdraft Programs (Part 1)

FICO

Courtesy overdraft is a service offered with a deposit account to provide liquidity to a bank customer when their balance has insufficient funds to cover incoming payments from a debit card, ATM, check or an ACH (Automated Clearing House) payment. This is where Overdraft (OD) programs come into play.