Does my bank/credit union have to allow overdrafts?
No. Your bank or credit union may set and change its own limit on how often and by how much it will let each customer overdraw his or her account.
The content on this page provides general consumer information. It is not legal advice or regulatory guidance. The CFPB updates this information periodically. This information may include links or references to third-party resources or content. We do not endorse the third-party or guarantee the accuracy of this third-party information. There may be other resources that also serve your needs.