use to attract customers who want different overdraft fee options. My bank doesn’t charge for any overdraft of less than $50, offers a credit card account to cover overdrafts (treated as a cash advance), also gives 24 hours to deposit funds to avoid fee (if you didn’t have cc account) and allows you to turn off overdraft so the charge is just rejected with no fee.

There are banks that offer accounts with no overdraft fees, Capital One has at least one such option. Of course you probably give up things exchange for not having those fees.

Something like this simply reduced consumers options to choose. It’s the federal government telling people they can’t make decisions for themselves.