Quote:
Originally Posted by shakran
That's true that he shouldn't have overdrafted at all. However, if someone does overdraft, are you suggesting that the bank then has carte blanche to take as much money as they want from the guy? If the bank took the transactions in the order that they were made (i.e. didn't mess with the truth), then he would have overdrafted only once. But the bank wants to set it up so that you artificially overdraft more than once. I submit that we are responsible for our own actions, but not for the dishonest actions of the bank.
|
If being able to OD your account with minimal repurcussions is your goal, then choose a bank that has more favorable practices. My bank posts deposits before withdrawals, so don't tell me that all banks behave like BofA.
As for what order the withdrawals get posted in, again it shouldn't matter if you are responsible with your money. Really, if it (ODing your account) were an anomaly for you, talk to someone at the bank to see if they will waive the extra charges. If it happens all the time, then suck it up and learn how to balance your checkbook.