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#2269413 - 04/20/22 07:01 PM Repeat Overdrafter
almbanker Offline
Junior Member
Joined: Nov 2015
Posts: 36
If a customer has two accounts and one account has had more than six days that it was overdrawn in the past 6 months and the other account has had no overdrafts in the last 6 months, can a check that is deposited into the account with no overdrafts be held for the repeat overdrafter reason? If I am reading correctly it can be since another account on which they are an owner is classified as such. Thank you.

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#2269478 - 04/21/22 06:26 PM Re: Repeat Overdrafter almbanker
RVFlyboy Offline
Power Poster
Joined: Oct 2000
Posts: 5,980
Soaring over Georgia
229.13(d) starts out with these words: "If any account or combination of accounts of a depositary bank's customer has been repeatedly overdrawn..." I think that provides your answer.
Jim Bedsole, CRCM, CBA, CFSA, CAFP
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