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Banker Resource Center

Consumer Deposits and Related Activities

Reference materials covering regulations, examination manuals, and supervisory resources for consumer deposits and transaction account topics. Specific areas of focus include the Electronic Fund Transfer Act (EFTA), Expedited Funds Availability Act (EFA Act), Truth in Savings Act (TISA), Garnishments, Remittances, Prepaid Accounts, and Overdrafts.

Laws and Regulations

Key laws and regulations that pertain to FDIC-supervised institutions; note that other laws and regulations also may apply.

  • Electronic Fund Transfer Act
    • Part 1005 — Electronic Fund Transfers (Regulation E) ( establishes the basic rights, liabilities, and responsibilities of consumers who use electronic fund transfers and remittance transfer services and of financial institutions or other persons that offer these services.
  • Expedited Funds Availability Act
  • Truth in Savings Act
    • Part 1030 — Truth in Savings (Regulation DD) ( supports consumers’ efforts to make informed decisions about their accounts at depository institutions and requires depository institutions to provide disclosures so that consumers can make meaningful comparisons among depository institutions.
  • Garnishments
  • Prepaid Accounts
    • Final Rule Prepaid Accounts ( provides protections for prepaid accounts under the Electronic Fund Transfer Act (Regulation E) and the Truth in Lending Act (Regulation Z).
    • Section 1005.20 of Regulation E ( provides the regulatory requirements for gift cards and gift certificates.
  • Overdrafts
    • Section 1005.17 of Regulation E prohibits an institution from charging consumers fees for paying overdrafts on ATM and one-time debit card transactions, unless a consumer consents.
    • Section 1030.4 and 1030.11 ( of Truth in Savings requires an institution to provide information about overdraft fees at account opening, on periodic statements, and to include certain disclosures in advertisements for overdraft services.

Supervisory Resources

Frequently asked questions, advisories, statements of policy, and other information issued by the FDIC alone, or on an interagency basis, provided to address consumer protection issues.

Other Resources

Supplemental information related to consumer protection issues.