MI SB1534

Limits banks to charging no more than one overdraft fee per account holder within any 24-hour period.

Requires banks to publish overdraft fee amounts and the criteria used to determine those fees on a publicly available internet website.

Mandates banks charge items to an account in order from smallest to largest amount when multiple items are received on the same banking day.

Defines key terms including "banking day," "item," and "overdraft fee" by reference to the Uniform Commercial Code and existing banking law.