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#1936414 - 06/27/14 08:03 PM overdraft on business checking accounts
river girl Offline
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Joined: Nov 2004
Posts: 1,005
TISA and Reg. E (with regards to overdrafts) don't apply to business accounts so if we allow these accounts to overdraw, are there any restrictions, notices, disclosures, etc. I need to be providing?

Also, someone mentioned that if an authorized signer overdraws a business account (thru use of debit card) then it be viewed as an unauthorized loan.


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#1936526 - 06/28/14 02:04 PM Re: overdraft on business checking accounts river girl
Elwood P. Dowd Offline
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Elwood P. Dowd
Joined: Aug 2001
Posts: 21,939
Next to Harvey
Prior thread. There are others; if you want to revive the discussion I suggest you post a specific question at the end of one of those.
In this world you must be oh so smart or oh so pleasant. Well, for years I was smart. I recommend pleasant.

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