While there is no specific order required, you must look beyond the law for this one. There have been numerous class action litigation cases stemming from the “Largest-to-Smallest” method. Additionally, the FDIC 2010 Guidance advises institutions to avoid posting transactions in a manner that would maximize overdraft revenue. Re-examine the reason for changing the posting order. If the primary purpose is to increase revenue, be certain that the BOD and senior management read some of the recent costly fines.
Learn more about Patricia’s webinar UDAAP & Truth in Savings: 10 Common Errors .