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Overdraft Pricing Remains Steady

A new study conducted by Lake Bluff, Ill.-based economic research firm Moebs Services reveals that since the Federal Reserves August 2010 implementation of Regulation E, which requires financial institutions to receive consumer approval prior to cover debit card and ATM overdrafts, CU overdraft transaction prices have remained flat at $25.

By Natasha Chilingerian | Updated on August 24, 2011

A new study conducted by Lake Bluff, Ill.-based economic research firm Moebs Services reveals that since the Federal Reserve’s August 2010 implementation of Regulation E, which requires financial institutions to receive consumer approval prior to cover debit card and ATM overdrafts, CU overdraft transaction prices have remained flat at $25.

CUs have also been careful to offer all four types of overdrafts (ATM, debit card, ACH and check). Fom 2010 to 2011, the percentage of credit unions offering all four increased from 50% to just 53%. That’s a significant difference from banks, 74% of which offered all four types of overdrafts in 2010 and 86% in 2011.

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Natasha Chilingerian

Natasha Chilingerian

Natasha Chilingerian has worked in the credit union space for over a decade. She joined CU Times as managing editor in 2015 and was promoted to executive editor in 2019. Before that, she served as a communications specialist for Xceed Financial Credit Union (now Kinecta Federal Credit Union) in Los Angeles from 2013-2015, and as a CU Times freelancer from 2011-2013. She has been a professional writer and editor for more than 17 years, specializing in news and lifestyle journalism as well as marketing copywriting for companies in the finance and technology space.

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