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Is there any guidance or regulatory issuances regarding the potential the OD/NSF fees are processed on a day that banking centers are not open?
For example, if a location is closed for a holiday when the FRB is open – so the Bank has to make pay/return decisions and will post incoming electronic transactions, but the customer would not be able to make an in-person deposit to avoid the fee caused by items presented in the prior days overnight.
For the sake of consideration, consider inclearing checks and ACH debits come to Bank after business on Thursday but account does not have funds, and Bank is closed on Friday for local holiday when Fed is open.
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