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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.

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Consumer Banking

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

Data Bank
ABA Data Bank: How Banks Alert Customers About Potential Overdrafts
July 12, 2019
NewsByte
ABA: Overdraft Rule Empowers Consumers and Should Not Be Changed
July 01, 2019
NewsByte
FDIC Flags Overdraft Issues in Consumer Compliance Supervisory Highlights
June 13, 2019
NewsByte
CFPB Seeks Feedback on Regulatory Review, Overdraft Rule
May 13, 2019

Understanding Overdraft Options

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

Key Fact

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Who do Americans trust most to keep their payments safe?

View Infographic

Policy Analysis & Advocacy Efforts

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
Staff Analysis
CFPB's Aug. 4 Study on Frequent Debit Overdraft Users
August 10, 2017
Comment Letter
Comments to the Bureau on Survey Regarding Overdraft Disclosure Forms
October 30, 2015
Comment Letter
Associations Ask Bureau to Re-submit PRA Request for Approval of a Consumer Survey of Overdraft Disclosure Forms
September 30, 2015
Staff Analysis
Memo to State Associations on Overdraft
June 3, 2015
Comment Letter
Federal Reserve Policy on Payment System Risk
February 10, 2014
Letter to Congress & Regulators
Letter to CFPB on Survey of Consumers who use Overdraft Protection Services
October 17, 2013
Comment Letter
Comment To CFPB on Overdraft Program Research
October 7, 2013
Staff Analysis
Study of Overdraft Programs 2013
June 1, 2013
Staff Analysis
FDIC UDAP Theory - Force Pay Overdraft Transactions 2012
February 27, 2012
Staff Analysis
FDIC Supervisory Position on Overdraft Fee at "No Pay" Banks
February 27, 2012
Letter to Congress & Regulators
Comments to Agencies re: Regulatory Burdens
August 26, 2011
Comment Letter
Comments to OCC re: Consumer Credit Product Guidance
August 4, 2011
Staff Analysis
FDIC Overdraft Payment Supervisory Guidance
November 30, 2010
Comment Letter
Overdraft Payment Programs and Consumer Protection
September 22, 2010
Comment Letter
OTS proposal "Supplemental Overdraft Protection Guidance"
June 28, 2010
Staff Analysis
Questions and Answers on the Overdraft Services Final Rule
June 2, 2010
Staff Analysis
Overdraft Services Final Rule Summary
June 1, 2010
Staff Analysis
OTS proposed supplement to Overdraft Guidance
May 3, 2010
Comment Letter
Overdraft Proposals: Regulation E
March 31, 2010
Comment Letter
Overdraft Proposals: Regulation DD
March 31, 2010
Testimony
Statement: Committee on Banking, Housing & Urban Affairs
November 18, 2009
Testimony
Testimony Before the House's Committee on Financial Services
October 30, 2009
Staff Analysis
Comparison of Agency Overdraft Practices Guidance
April 5, 2005
Comment Letter
Comments to the Bureau on Survey Regarding Overdraft Disclosure Forms
October 30, 2015
Comment Letter
Associations Ask Bureau to Re-submit PRA Request for Approval of a Consumer Survey of Overdraft Disclosure Forms
September 30, 2015
Staff Analysis
Memo to State Associations on Overdraft
June 3, 2015
Comment Letter
Federal Reserve Policy on Payment System Risk
February 10, 2014
Letter to Congress & Regulators
Letter to CFPB on Survey of Consumers who use Overdraft Protection Services
October 17, 2013
Comment Letter
Comment To CFPB on Overdraft Program Research
October 7, 2013
Staff Analysis
Study of Overdraft Programs 2013
June 1, 2013
Staff Analysis
FDIC UDAP Theory - Force Pay Overdraft Transactions 2012
February 27, 2012
Staff Analysis
FDIC Supervisory Position on Overdraft Fee at "No Pay" Banks
February 27, 2012
Letter to Congress & Regulators
Comments to Agencies re: Regulatory Burdens
August 26, 2011
Comment Letter
Comments to OCC re: Consumer Credit Product Guidance
August 4, 2011
Staff Analysis
FDIC Overdraft Payment Supervisory Guidance
November 30, 2010
Comment Letter
Overdraft Payment Programs and Consumer Protection
September 22, 2010
Comment Letter
OTS proposal "Supplemental Overdraft Protection Guidance"
June 28, 2010
Staff Analysis
Questions and Answers on the Overdraft Services Final Rule
June 2, 2010
Staff Analysis
Overdraft Services Final Rule Summary
June 1, 2010
Staff Analysis
OTS proposed supplement to Overdraft Guidance
May 3, 2010
Comment Letter
Overdraft Proposals: Regulation E
March 31, 2010
Comment Letter
Overdraft Proposals: Regulation DD
March 31, 2010
Testimony
Statement: Committee on Banking, Housing & Urban Affairs
November 18, 2009
Testimony
Testimony Before the House's Committee on Financial Services
October 30, 2009
Staff Analysis
Comparison of Agency Overdraft Practices Guidance
April 5, 2005

Current Issues

Overdraft Protection Services

Related Acts & Regulations

Related Products

Our Experts

Jonathan J. Thessin

Senior Counsel

Regulatory Compliance

Contact Jonathan

Leslie T. Callaway

Director, Compliance Outreach & Development

Regulatory Compliance

Shelly Loftin

SVP, Retail Banking, Lending & Payments

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