I thought I had read somewhere that banks with assets greater than $10 billion could not offer a OD type product in connection with the prepaid card.

However, I can't find that now.

Could anyone point me in the direction of where this may be discussed or clarified? Or maybe i'm just dreaming!

I tried reading the actual act and I'm more confused than ever!

How do you have an OD with a prepaid card?

It's an add on product.

There are a few program managers/processors who offer this right now (google prepaid overdraft protection). Follows all the same rules as a traditional bank bounce protection product. Customers have to elect to have it.

And I thought I had read that this product was not allowed to be offered if the issuing bank was greater than $10 billion, but I can't find that article now.

Just trying to figure out if I'm imagining this