BB&T announces changes to overdraft policy
September 28 2009 - 9:16AM
PR Newswire (US)
WINSTON-SALEM, N.C., Sept. 28 /PRNewswire-FirstCall/ -- Continuing
its commitment to put client satisfaction first, BB&T today
announced changes to its debit card and ATM overdraft policy.
Effective first quarter 2010, BB&T will eliminate overdraft
fees for debit card and ATM transactions when clients overdraw
their accounts by less than $5, and will charge no more than four
overdraft fees per day. BB&T also will begin to alert clients
at BB&T ATMs when they are making a withdrawal that would
overdraw their account. These changes are in addition to the bank's
long-standing policy that allows clients to make the choice of
having the bank decline payment on presented transactions that
would overdraw the account. "Client satisfaction continues to be
our top priority. The changes we're announcing today, in addition
to tools and services we already provide, will help our clients
better manage their deposit accounts," said Donna Goodrich, Deposit
Services senior executive vice president. BB&T offers numerous
ways for clients to monitor their accounts and avoid overdraft
fees, including online banking, call centers, e-mail alerts, mobile
banking tools and ATMs. At June 30, BB&T Corporation had $152.4
billion in assets and was the nation's 11th largest financial
holding company. Founded in 1872, it operates more than 1,500
financial centers in 13 states and Washington, D.C. More
information about the company is available at BBT.com. DATASOURCE:
BB&T Corporation CONTACT: Cynthia Williams, Senior Vice
President, Corporate Communications, +1-336-733-1478, or A.-C.
McGraw, Vice President, Corporate Communications, +1-336-733-1471,
both of BB&T Corporation Web Site: http://www.bbt.com/
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