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FAQ - Other Lenders

Q: Is my bank obligated to notify me if my account is overdrawn?
Q: Can a bank pay checks in any order it chooses?
Q: Is there a maximum fee a bank can charge its customers for non-sufficient funds?


Is my bank obligated to notify me if my account is overdrawn?

There is no requirement that the bank notify a customer that the account is overdrawn. You may not know your account was overdrawn until you receive your monthly statement. The disclosure agreement will give the obligations of the bank for all areas of the de
 

 

 

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