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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

NewsByte
ABA Opposes Overdraft Bill, Calls Credit Report Bill Flawed
July 27, 2022
NewsByte
CFPB: Overdraft Revenue Increased in 2022, Down 20% Overall Since 2019
July 21, 2022
NewsByte
CFPB moves to scrutinize banks’ overdraft programs
June 17, 2022
NewsByte
ABA opposes overdraft bill ahead of committee markup
June 14, 2022

Understanding Overdraft Protection

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

Related Training & Events

Reg DD: Overdraft Rules
Self-Paced Training
Reg E Overdrafts
Self-Paced Training

Consumers Value Overdraft Protection

A majority of U.S. consumers say their bank’s overdraft protection is valuable, according to a new national survey by Morning Consult.

See the Infographic

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

Policy Analysis & Advocacy Efforts

Letter to Congress & Regulators
ABA Memo to HFSC: Views on the June 14th Markup
June 13, 2022
Staff Analysis
Multiple NSF Fees Charged for Represented Items
April 13, 2022
Comment Letter
Joint ABA/State Bankers Association Letter to CFPB on Fees Imposed by Providers of Consumer Financial Products
April 11, 2022
Comment Letter
Joint ABA/Trade Association Letter to CFPB on Fees Imposed by Providers of Consumer Financial Products
April 11, 2022

Related Acts & Regulations

Related Products

Our Experts

Jonathan Thessin

Vice President & Senior Counsel, Regulatory Compliance and Policy

Contact Jonathan

Shelly Loftin

Senior Vice President, Retail, Lending, & Payments

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