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#2297280 - 05/16/24 03:54 PM Charging Interest on Overdrawn Commercial Account
NeBanker Offline
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Joined: Jun 2008
Posts: 412
Is it possible to charge interest on overdrawn balance on commercial accounts? We have never done this but it has been of interest lately.

IF this is possible would this need to be done an individual account basis with an agreement or could this be done as a condition of the account and notify all existing customers of the change?

I am thinking this would need to be done on an individual basis with an agreement and a corporate resolution with authorization.

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#2297282 - 05/16/24 04:02 PM Re: Charging Interest on Overdrawn Commercial Account NeBanker
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 84,867
Galveston, TX
The latter option.
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