Overdraft Policy

$295.00

This Overdraft (OD) Policy Template addresses the overdraft 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.  See more information about this product below.  In addition, we recommend adding a Product Update Protection Plan to your shopping cart to ensure you automatically receive an updated version of this policy template every time it is revised by us via e-mail within one year from the date of purchase.

Overdraft Policy

This Overdraft Policy Template addresses the overdraft 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:
03/18/24 Update
Eliminate and/or modify references to the term “Troubled Debt Restructuring” (TDR) with a “Borrower Experiencing Financial Difficulty.”
07/03/23 Update
FDIC FIL-32-2023 – FDIC Clarifying Supervisory Approach Regarding Supervisory Guidance on Multiple Re-Presentment NSF Fees
05/15/23 Update
FDIC FIL-19-2023 – Supervisory Guidance on Charging Overdraft Fees for Authorize Positive, Settle Negative Transactions
OCC Bulletin 2023-12 – Overdraft Protection Programs: Risk Management Practices
01/03/23 Update
Federal Reserve Press Release – Federal Reserve Board Issues Technical Updates to its Policy Governing the Provision of Intraday Credit in Accounts at Federal Reserve Banks
12/15/22 Update
Federal Reserve Press Release – Federal Reserve Board Finalizes Clarifying and Technical Updates to its Policy on Governing the Provision of Intraday Credit to Healthy Depository Institutions with Accounts at the Federal Reserve Banks
11/15/22 Update
CFPB Release – CFPB Issues Guidance to Help Banks Avoid Charging Illegal Junk Fees On Deposit Accounts
09/01/22 Update
FDIC FIL-40-2022 – Supervisory Guidance on Multiple Re-Presentment NSF Fees

This Overdraft Policy Template (approximately 60 pages) is available to purchase from BankPolicies.com in Microsoft® Word format.

Want to ensure your purchase from BankPolicies.com remains current? Add a Product Update Protection Plan to your shopping cart to ensure that you will automatically receive an updated version every time it is revised via e-mail within one year from the last date of purchase. This timely and cost-effective solution ensures that you stay on top of federal regulatory changes and industry recommended best practices.

When updates are made you will receive detailed information regarding why the product was updated and what has changed within the product in our Product Update Notification e-mail correspondence. This enables you to make an informed decision on whether to make any changes to the policy or procedure you implemented for your financial institution from the revised template.

BankPolicies.com provides your financial institution with the best bank policy template products available in the industry. You will always be up to date with the latest changes to bank policies and never have to worry about being out of compliance with the various laws, rules and regulations issued by the Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Federal Reserve, Office of the Comptroller of the Currency (OCC), or other federal regulatory bodies that may apply to your organization.

Our dedicated staff of career banking industry professionals are ready to keep your financial institution up to date with the latest bank policy standards and industry best practices. Purchase your bank policies from us today and rest easy knowing you have the right team helping you and your organization stay compliant. We look forward to earning your business for all of your bank policy needs.

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