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Disclosing account balances

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Question: 
May a financial institution disclose a single balance inclusive of overdraft protection funds (i.e. a line of credit or discretionary service amount)?
Answer: 

When disclosing a single balance for an account by any means, institutions should not include overdraft protection funds in that account balance. The disclosure should instead represent the consumer’s own funds available without the overdraft protection funds included. If more than one balance is provided, separately (and prominently) identify the balance without the inclusion of overdraft protection.
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Learn more about Jerod Moyer’s webinar Overdrafts: What you need to know now!

First published on 11/20/2016

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