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Yeah, banks try and encourage overdraws because they make a bunch of fees off them. I remember reading about some of them getting in trouble for reordering same
by bguebert 2y ago
Yeah, banks try and encourage overdraws because they make a bunch of fees off them. I remember reading about some of them getting in trouble for reordering same day deposits in a way to maximize the overdraw fees.
https://cw33.com/news/heres-how-banks-rearrange-transactions-in-order-to-charge-more-overdraft-fees/ https://cw33.com/news/heres-how-banks-rearrange-transactions...