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Overdraft Protection

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Overdraft Protection

Overdraft protection offers an important form of short-term liquidity that covers bank customers’ insufficient funds transactions. Explore ABA's advocacy efforts, research and more to help your bank stay up to date on this key issue.

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Consumer Banking

Before opting-in, consumers receive a one-page, consumer-tested, government required, opt-in form that explains debit card overdrafts and less expensive options. Consumers who are currently covered by overdraft protection have the right to opt-out at any time without consequence or cost.

News

NewsByte
ABA unveils new polling data on major bank policy issues
October 29, 2024
NewsByte
ABA, associations urge CFPB to rescind circular on overdraft opt-in procedures
October 22, 2024
NewsByte
CFPB: Banks need proof of customer consent for ATM, debit card overdraft fees
September 17, 2024
NewsByte
ABA experts: Regulators will be busy in second half of 2024
June 12, 2024

Understanding Overdraft Protection

The American Bankers Association outlines how overdrafts happen and what you can do to prevent them.

Learn about Overdraft

ABA Resources

Guide
CFPB's Overdraft Proposal: Comment Letter Writing Guide
March 14, 2024
Infographic
Consumer Survey on Key Banking Issues
October 19, 2022
Report
Bank Overdraft Practices Survey Results
October 20, 2013
Report
ABA Survey of Frequent Users of Overdraft Services
October 1, 2013

Policy Analysis & Advocacy Efforts

Comment Letter
ABA, Associations Urge CFPB to Rescind Circular On Overdraft Opt-in Procedures
October 22, 2024
Staff Analysis
Spring 2024 Unified Regulatory Agenda
July 15, 2024
Letter to Congress & Regulators
ABA Statement for the Record on Consumer Protection: Examining Fees in Financial Services & Rental Housing
May 9, 2024
Comment Letter
Joint Comments to CFPB on the NPRM on Overdraft Lending
April 1, 2024

Related Acts & Regulations

Related Products

Our Experts

Jonathan Thessin

Vice President & Senior Counsel, Regulatory Compliance and Policy

Contact Jonathan

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