Overdraft Program Risk Assessment Worksheet
Overdraft programs were taken for granted for many years. With the increased importance of these programs we had a BOL user, FlamingoGal, provide us with a tool you can use for your risk assessment of your program. This was actually developed by a VP at FlamingoGal's bank and we thank them for sharing.
Overdraft programs are under increased scrutiny with new regulatory requirements. It is important that you have a clear understanding within your bank as to the risks your program can pose. Understanding these risks allows you to mitigate them. This Excel worksheet helps you review your overfraft program for various types of risk including
- Safety & Soundness
There are 18 areas that are examined and rated by you on a scale of 1 to 3.
You can customize the Excel version to meet your individual needs but here is an excellent starting document.
First published on 05/01/2011