Overdraft Policy
This Overdraft Policy addresses the overdraft (OD) approval process and related overdraft protection products and services of a bank, credit union, or other type of financial institution to provide a foundation of safe and sound credit decisions and adherence to all applicable laws, rules, and regulations.
Table of Contents
- Purpose and Contents – Topic 1
- Policy Statement – Topic 2
- Federal Reserve Daylight Credit Policies – Topic 3
- Risk Management of Overdraft Protection Programs – Topic 4
- Responsibilities and Approval Authority – Topic 5
- Overdraft and Returned Item Fees and Notices – Topic 6
- Audit Policy – Topic 7
- Staff Training – Topic 8
- Retention of Documentation – Topic 9
Includes the following form templates:
- Overdraft Approval Form (1 page)
- Overdraft Service Consent Form (1 Page)
Recent updates to this product:
04/15/26 Update
FDIC FIL-14-2026 – FDIC Rescinds Regulatory Guidance on Multiple Re-Presentment NSF Fees
FDIC FIL-13-2026 – Agencies Issue Final Rule to Prohibit Use of Reputation Risk by Regulators and OCC Bulletin 2026-12 – Prohibition on Use of Reputation Risk by Regulators: Final Rule
09/02/25 Update
CFPB – Repeal of Overdraft Lending: Very Large Financial Institutions
06/02/25 Update
CFPB Rule – Interpretive Rules, Policy Statements, and Advisor Opinion; Withdrawal
This Overdraft Policy (approximately 50 pages) is available to purchase from BankPolicies.com in Microsoft® Word format.
Product Update Protection Plan
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