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Overdraft Fees On a Savings Account

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Question: 
Can you charge OD fees on savings accounts? Is this stated one way or the other under Reg DD?
Answer: 

Your state may have a law dealing with this, but there is no federal prohibition I am aware of so long as the fees are properly disclosed in advance. Overdrawn savings accounts may need special treatment when you do your call report, however.

First published on BankersOnline.com 4/18/05

First published on 04/18/2005

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