Federal Reserve Releases Online Publication on New Overdraft Rules for Debit and ATM Cards
February 22, 2010
Circular No. 12187

The Federal Reserve Board has announced a new online publication, What You Need to Know: New Overdraft Rules for Debit and ATM Cards, that will help consumers better understand rules that provide additional protection when a debit card or automated teller machine (ATM) transaction causes an account to be overdrawn. 

The publication provides an explanation of how the rules will affect existing and new account holders. It contains basic information about types and typical costs of overdraft services and defines common terms consumers may encounter in communications from their bank about overdrafts.

See press release for full details.

Press release offsite