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Limiting Overdraft Transfers

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Question: 
We provide overdraft through our line of credit. Each time a member overdrafts, the amount is automatically set to $200 each time. Can we limit this amount to a transaction amount and only transfer what is needed instead of the $200?
Answer: 

Yes, as this is purely a contractual issue between the customer and the bank.

First published on BankersOnline.com 3/14/11

First published on 03/14/2011

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