MI SB0365

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

Requires savings banks to publicly publish on an internet website the amount of overdraft fees charged and the criteria used to determine those fees.

Mandates that when multiple items are presented for payment on the same banking day, savings banks must process them from smallest to largest amount to minimize overdraft fees.

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