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Posted by Lily Woodbury (MONEY FORUMS: 6, Answers: 3)
Asked on November 30, 2015 11:28 am
Ha - overdraft fees are a primary way financial institutions make money. So, no, there's no easy way to disable them. I appreciate your way of thinking though. As stated above, you can try to get an account with some form of overdraft protection. Keep in mind that credit union's are really good to customers in general. That means if you overdraft once or twice a year, they will probably forgive the penalty. #truth #don'tdoitpurposely
I believe that Credit Unions use the same "opt-in" mechanism for overdraft protection as commercial banks when you open an account. You can always "opt-out" at any time. What is more important is to take advantage of online and/or mobile banking to regularly check your balance and account activity, and to set up text alerts for transactions (to detect fraud) and low balances (to prevent overdrafts).