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Reg E Overdrafts

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​Describes the debit cards overdraft rule under Regulation E and what consumer deposit and payroll card accounts are covered as well as the accounts not covered. Explains how the rule prohibits imposing any fee for paying an ATM or one-time debit card overdraft unless the customer has received a notice explaining the fee and consented or opted-in.

Reviewed: March 2018 (no changes necessary)

What You'll Learn

After completing this course, students will be able to:

  • Describe the debit cards overdraft rule under Regulation E 
  • Identify what is and what is not covered
  • Explain the opt-in requirements for certain debit card overdrafts under Regulation E

Audience

Tellers, CSRs, personal bankers, call center, back office responsible for overdraft determinations.

​Course Credits

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​​Questions? Please contact training@aba.com for more information.
 

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