Chase’s misleading overdraft come-on, take two

Apparently Chase has decided attempting to get people to sign up for overdraft protection for their debit cards, which they will be required to do soon (i.e. opt-in only), using fear isn’t quite getting them the response they want, so they are switching to bait-and switch.

According to this article, Chase is sending out overdraft letters in two stages.  The first is the come-on and doesn’t contain any of the negative details, which are the high fees you pay if you overdraft by even one penny.  The follow-up letter, presumably in much smaller type, contains all the details about the fees.  I suppose they are hoping that people will sign up because the first letter sounds so good, and not bother to read the second letter.

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