Overdraft Policy Update

Bankpolicies.com is proud to announce the immediate availability of our revised Overdraft Policy Template product (formerly called DDA Overdraft Policy Template).

This product was completely revised, and now includes policies and procedures relating to daylight overdrafts and adherence to the Federal Reserve Bank's Payment System Risk (PSR) policy. We also incorporated a new Risk Management of Overdraft Protection Programs topic to assist our clients in the disclosure and administration of overdraft protection programs. This topic addresses the risks of customer overdrafts and those presented by offering an overdraft protection program and related products (including courtesy overdraft limits).

http://www.federalreserve.gov/boarddocs/press/bcreg/2005/20050218/default.htm

Product Contents

Purpose and Contents - Topic 1
Policy Statement - Topic 2

Risk Management of Overdraft Protection Programs - Topic 3

Responsibilities and Approval Authority - Topic 4

Overdraft and Returned Item Fees and Notices - Topic 5

Audit Policy - Topic 6

Retention of Documentation - Topic 7

Includes the following form template:

Overdraft Approval Form (1 page)

Ordering Information

This revised product is available to purchase from Bankpolicies.com for:

$100.00 - List Price

- or -

$50.00 - Update Price (applies only to clients who have previously purchased our DDA Overdraft Policy Template)

If you have ordered our DDA Overdraft Policy Template after 06/11/06 you are eligible to receive this new product at no charge.

Click here to place an order for this product. Clients who are eligible for our Legacy Rewards Volume Discount can apply their applicable discount level to the list or update price (whichever applies).

NOTE: Refer to our Place an Order page for important information regarding payment terms and our return policy. Orders placed for Product Updates are only available directly through Bankpolicies.com.

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