BBVA Compass is broadening customers' options when it comes to overdraft protection.

The bank, a Birmingham, Ala., unit of Banco Bilbao Vizcaya Argentaria SA in Madrid, said it began offering customers an opt-in choice for overdraft coverage on all checking-related transactions last Wednesday. It said its policy, which includes checks, goes further than Federal Reserve requirement set to take effect Aug. 15. The Fed mandated opt-in policies for debit card and automated teller machine transactions.

A BBVA Compass spokesman said the bank's prior policy was to automatically sign up customers for overdraft protection unless they asked to opt out.

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