Skip to content
BOL Conferences
Forums · Active Threads · Forum Rules · Mark All Read · Log In
BankersOnline.com Forums Banker Forums Audit Reg O Overdraft limit
Thread Options
#1583510 - 07/27/11 12:27 AM Reg O Overdraft limit
N545ca Offline
New Poster
N545ca
Joined: Aug 2004
Posts: 4
GA
Does anyone happen to know how the OCC defines the $1000 aggregate amount for overdrafts? Is this per item or collectively over the life of the account? Thanks.

Return to Top
Audit
#1583530 - 07/27/11 10:36 AM Re: Reg O Overdraft limit N545ca
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,396
Galveston, TX
It is the account balance at any one time. They cannot overdraw the account by more than $1,000.
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

Return to Top
#1584321 - 07/28/11 12:25 PM Re: Reg O Overdraft limit rlcarey
N545ca Offline
New Poster
N545ca
Joined: Aug 2004
Posts: 4
GA
Thank you.

Return to Top

Moderator:  Andy_Z