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Charge EOM Fee to Reg E Opt-Out OD Account?

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Our bank charges a $25 EOM overdraft service charge fee for any account that have been overdrawn within the statement cycle. My question is, are we allowed to charge a $25 EOM fee to a Reg E opt-out account that was overdrawn by a one-time or point of sale item? The bank did not charge for the item but still does charge at the EOM maintenance fee for being overdrawn.

It would not be allowed.

First published on 07/01/2018

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