I mean, I get that that’s something. But that only sounds very slightly better than overdraft fees in the first place.
“Pay us now, and when you go over it’s fine unless it’s more than you paid us”
But the thing is, overdrafting that small amount isn’t even significant to a bank. They mostly use the ability to overdraft as an excuse to impose a fee. They can and do deny charges that they don’t think they can impose a fee for.
So it kind of sounds like your bank just tricked you into paying ~3 of those fees up front with the promise that they won’t charge you more unless they have to.
There are banks out there that don’t charge overdraft fees at all. Capital one stopped recently. They just threaten to close your account when it sits negative for too long.
I mean, I get that that’s something. But that only sounds very slightly better than overdraft fees in the first place.
“Pay us now, and when you go over it’s fine unless it’s more than you paid us”
But the thing is, overdrafting that small amount isn’t even significant to a bank. They mostly use the ability to overdraft as an excuse to impose a fee. They can and do deny charges that they don’t think they can impose a fee for.
So it kind of sounds like your bank just tricked you into paying ~3 of those fees up front with the promise that they won’t charge you more unless they have to.
There are banks out there that don’t charge overdraft fees at all. Capital one stopped recently. They just threaten to close your account when it sits negative for too long.