Skip to content

Overdraft Protection-Child Account Balance

Answered by: 

If a personal checking is protected by a second personal checking (sweep) for the purpose of Overdraft Protection should the child account reflect the available balance of both accounts?

Without knowing what is meant by a "child account" it is hard to say. I am not sure why you would ever reflect a sweep account balance within an account's available balance regardless.

First published on 11/24/2019

Filed under: 
Filed under operations as: 

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics