Overdraft Policy Update

Overdraft Policy Update - 08/22/06

Bankpolicies.com is proud to announce the immediate availability of our revised Overdraft Policy Template product.

This product was revised in response to the Federal Reserve's revised Policy Statement on Payments System Risk (PSR policy) to modify the daylight overdraft measurement rules ("posting rules") for interest and redemption payments on securities. These changes were effective on July 20, 2006.

http://www.federalreserve.gov/boarddocs/press/Other/2004/20040923/attachment.pdf

What's New

Topic 3 - Federal Reserve Daylight Credit Policies.

Product Contents

Purpose and Contents - Topic 1
Policy Statement - Topic 2

Federal Reserve Daylight Credit Policies - Topic 3

Risk Management of Overdraft Protection Programs - Topic 4

Responsibilities and Approval Authority - Topic 5

Overdraft and Returned Item Fees and Notices - Topic 6

Audit Policy - Topic 7

Retention of Documentation - Topic 8

Includes the following form template:

Overdraft Approval Form (1 page)

Ordering Information

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

$150.00 - List Price

- or -

No Charge* - Update Price

*Applies only to clients who have purchased Overdraft Policy Template in addition to the following prior update (if applicable):

Overdraft Policy Template Update - 07/11/06

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 update or list 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.

Find Out What's New with our Product Update Program

Our Product Update Program allows existing clients to receive e-mail notifications from us the same day we issue a new or revised product.

How does it work? Clients who previously purchased the product are offered an "update" via e-mail at a substantial discount off the current list price, whereas clients who have not are provided an opportunity to get it hot off the press! Additionally, clients who have ordered the product from us within the past 30 days are eligible to receive the update for free!

Do our various discounts apply? Yes! All of our discount programs (Standard Volume and Legacy Rewards Program - refer to our Special Offers page) can be applied to your Product Update Program order.

Current subscriber but not receiving notifications from us? Please ensure your SPAM filter is set to allow an e-mail originating from our service@bankpolicies.com address to successfully arrive in your e-mailbox.