True or False: Overdraft protection is a required feature of most checking accounts with no ability to opt out.
False – You can opt out.
True or False: Overdraft protection is a required feature of most checking accounts with no ability to opt out.
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False. Overdraft protection is not a required feature of most checking accounts, and customers typically have the option to opt out of this service. Overdraft protection allows account holders to cover overdrafts, but it is not mandatory and varies by bank and account type. If you have more questions about banking features, feel free to ask!
False – Overdraft protection is not a required feature of most checking accounts, and customers typically have the option to opt out of this service. This means you can choose to have your transactions declined instead of being covered by overdraft protection, which may incur fees. Always check with your bank for specific policies related to your account.