Answer by Jim Bedsole: Are we talking per day? Per month? Lifetime? It makes a difference.
Answer by John Burnett: Unless there is a Federal rule (there isn't -- YET!) capping the number of times you can assess an OD fee per day/week/month/year or a State rule on the same question, any cap you select is a pricing/fairness factor that your institution needs to determine based on its business practices, etc. This is generally a business judgment call, and you certainly don't want to get your bank accused of price collusion with other bankers to the detriment of the public.
First published on BankersOnline.com 7/15/13