TITLE

Two Surveys Provide Conflicting Consumer Views, Concerning Banks Allowing Debit Card Overdrafts

AUTHOR(S)
Boyer, Meghan
PUB. DATE
May 2008
SOURCE
ATM & Debit News;5/1/2008, Vol. 9 Issue 25, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article elaborates on the results of two market survey regarding consumers' view on banks allowing debit card overdrafts in the U.S. Result reveals that majority of debit cardholders prefer that financial institutions deny transactions when accounts do not have enough funds to cover instead of approving them and charging overdraft fees. The other survey conducted by the American Bankers Association notes that most debit cardholders are happy that institutions cover overdraft purchases.
ACCESSION #
33380945

 

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