Daily overdraft fee limits

Question:

Is there a regulatory limit on the number of overdraft charges that can be applied in one business day?

Answer:

There are no hard and fast regulatory limits; however, there is regulatory guidance on limiting the number of overdraft fees that can be applied per day (e.g., the FDIC suggests no more than 3/day).
-----------------------------
Learn more about Jerod Moyer’s webinar Overdrafts: What you need to know now!