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Overdraft Protection

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Overdraft Protection

Overdraft protection offers an important form of short-term liquidity that covers bank customers’ insufficient funds transactions. Explore ABA's advocacy efforts, research and more to help your bank stay up to date on this key issue.

Before opting-in, consumers receive a one-page, consumer-tested, government required, opt-in form that explains debit card overdrafts and less expensive options. Consumers who are currently covered by overdraft protection have the right to opt-out at any time without consequence or cost.

News

Article
When Must Banks Refund Mortgage Escrow Surplus?
May 06, 2021
Article
Can My Bank Require Opt-In to Overdraft as a Condition of Receiving a Debit Card?
July 16, 2020
Compliance News
ABA Issues Staff Analysis of Overdraft Demand Letters
March 10, 2020
Data Bank
ABA Data Bank: How Banks Alert Customers About Potential Overdrafts
July 12, 2019

Understanding Overdraft Protection

The American Bankers Association outlines how overdrafts happen and what you can do to prevent them.

Related Training & Events

Reg E Overdrafts
Self-Paced Training

ABA Resources

Report
Bank Overdraft Practices Survey Results
October 20, 2013
Report
ABA Survey of Frequent Users of Overdraft Services
October 1, 2013
Report
A New Framework for Overdraft Program Compliance
August 3, 2010
Report
Rules and Guidance on Overdraft Protection Programs
April 20, 2008

Policy Analysis & Advocacy Efforts

Staff Analysis
Overdraft Demand Letters
March 6, 2020
Comment Letter
Letter to FDIC re: Overdraft and Deposit Advance Guidance
October 10, 2018
Comment Letter
Web-Based Quantitative Testing of POS/ATM Overdraft Disclosure Forms
January 16, 2018
Comment Letter
Letter to the Bureau on its Overdraft Research Report, "Data Point: Frequent Overdrafters"
August 22, 2017

Related Acts & Regulations

Related Products

Our Experts

Jonathan J. Thessin

VP & Senior Counsel, Consumer and Regulatory Compliance

Regulatory Compliance

Contact Jonathan

Leslie T. Callaway

Director, Compliance Outreach & Development, Consumer Regulations and Compliance Solutions

Regulatory Compliance

Shelly Loftin

SVP, Retail Banking, Lending & Payments

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