NSF Fee on a Savings Account?

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Question:

Can a NSF fee be charged on a savings account?

Answer:

If state law doesn't prohibit such a fee and if your bank makes appropriate disclosures of the fee, it can be charged. Just take note, however, that section 205.17 of Regulation E applies to savings accounts accessible by ATM or debit card, just as it applies to transaction accounts with such access.

First published on BankersOnline.com 10/25/10