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#1754464 - 11/02/12 01:25 PM TIS Overdraft Box on Periodic Statement 230.11
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Joined: Jun 2008
Posts: 287
I am lookign for guidance on how other banks handle waived fees. We occasionally have them refunded to the wrong bucket on the overdraft box, thus creating a negative fee amount in some cases.

The commentary states: 4. Waived fees. In some cases, an institution may provide a statement for the current period reflecting that fees imposed during a previous period were waived and credited to the account. Institutions may, but are not required to, reflect the adjustment in the total for the calendar year-to-date and in the applicable statement period.

Does anyone not show the waived fees in the boxes? Does anyone use a general statement that fees imposed during a previous statment period may have been waived and credited to account. Could you use the statement as a catchall for all statements?

Thanks!!

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#1754479 - 11/02/12 01:49 PM Re: TIS Overdraft Box on Periodic Statement 230.11 Random
tdogz Offline
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tdogz
Joined: May 2012
Posts: 229
On our system, we have a certain procedure to refund fees. We have to enter the date of the fee and the system makes the adjustment. We don't make any statement about adjustments that may have happened to previous months - the yearly total is simply adjusted by the system to the correct amount as of the statement date. The only time we run into problems is when refunding fees in January when they happened in December. We had to manually do those last year & I suspect it will be the same situation this year.

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