No. In fact, bank regulators have made it pretty clear that they don't like the practice. That preference is made even clearer in the requirements of Regulation DD, section 1030.11(c).
- If you provide a balance on the receipt, it must be the account balance without any "padding" from an overdraft privilege arrangement and without any addition of funds available to cover an overdraft from other accounts of the customer (including an overdraft line of credit).
- If you want to add a second balance to the receipt that includes "padding" from an overdraft privilege arrangement or funds available from other accounts to cover an overdraft, you have to label that balance to indicate it includes such funds.
First published on BankersOnline.com 5/6/13