Answer:
The joint guidance on overdraft protection programs indicates the following: "In addition, overdraft balances should generally be charged off when considered uncollectible, but no later than 60 days from the date first overdrawn."
What you are suggesting would extend this up to a period of 89 days. I think you might expose yourself to criticism, depending on your examiner.
First published on BankersOnline.com 08/29/05
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