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Originally Posted by vanblah
Banks <b>love</b> it when you overdraft; they get an additional fee that way.
All of these "convenience" mechanisms are there to set you up for overdraft. Don't let anyone, even your bank, have control of when debits occur. You can still pay online; but <b>you</b> should be the one in charge of when the payment goes out.
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So true. I only handle a few select things like this. My house payment and car leases. Everything else comes to me for approval through my credit card, which I can always dispute if needed. There are a few e-mails that I authorize but I don't like many companies to have access to my bank account.
Also, you can apply for a credit card type of overdraft protection. I basically have a cc account at the bank with no actual card. This will cover me for up to 2,000. At that point I have to pay the balance by the due date or pay interest.
And finally, given all that's happened, the bank really should cover you with your insurance company if you ask nicely! As you mentioned, they've already been helpful!