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I think that this doesn't protect you and you would just end up over drafting your account, resulting in fees.
by itake 7y ago
I think that this doesn't protect you and you would just end up over drafting your account, resulting in fees.
- misterprime 7y agoCan't you disable overdraft?
- roywiggins 7y agoSure, but at least you'll still be able to pay rent etc without late-payment fees. A single overdraft fee is way less bad.
- notyourday 7y agoOverdraft fees caused by fraud will probably be reversed. I have never heard of it not happening -- it would be a terrible PR for a bank that allowed for it. It will simply take time.
- ThrustVectoring 7y agoIt ought to be a regulatory incident, not just bad PR.
- notyourday 7y agoI'm sure it will be, but bad PR triggers resolution much faster than OCC.