Proposals and Chequing Account

I`m pondering a proposal, and in doing so, opened a new chequing account at a bank I don`t currently deal with, as my current account is with a creditor. That being said, the new bank granted me an account with $3500 (!!!) in overdraft protection. Do I need to open yet another account without overdraft, or can that simply be shut off?

Posted from: British Columbia

One Response to “Proposals and Chequing Account”

A licensed trustee said...

You don’t have to allow the bank to provide overdraft protection for your account. Simply give them a call and cancel it.