Regulation E: Overdrafts

This Regulation E: Overdrafts online training course explores detailed information on Regulation E overdraft requirements for banks. Regulation E provides basic protections for a consumer when using electronic fund transfer services that a bank offers. Regulation E. states that overdraft services offered must provide consumer protections and that the bank must tell consumers who use the service exactly what is included and what is covered before charging a fee for ATM and one-time debit card transactions. Everyone working with customers needs to understand the opt-in requirements for an overdraft service covered under Regulation E. It is important for bank personnel to know whether or not the bank offers overdraft services and if so, what the policies and procedures are so they can disclose and explain them to customers. This course is intended for deposit account service, compliance, and operations personnel.

Course Learning Objectives

By taking this Online Regulation E: Overdrafts course, the user will learn to:

• Understand what an overdraft service is and what transaction types are covered under the overdraft rules of Regulation E
• Know when the bank can and cannot charge an overdraft fee on certain transactions
• Ensure compliance with the notice requirements

Course Outline

This Online Regulation E: Overdrafts course is made up of the following sections:

1. Coverage
2. Opt-In Requirements
3. Content of Notice

​​​​​​​​​​​​​​Course Audience

This Regulation E: Overdrafts course training course was designed for bank employees.

If you have any concerns as to whether this course is appropriate for you or your industry, please browse our full selection of online courses.