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Do they still do the thing where they structure debits to maximize penalties?

Say you have $100 in your account and 5 pending transactions: $6, $12, $1, $30, and $95. In that chronological order. The bank clears the $95 first, then the $6 which overdrafts you, then the rest, overdrafting you 3 more times. Whereas if they processed chronologically, you'd only overdraft the $95.

Regardless, the person whose account it is does bear some responsibility for overdrafting, even for lunch.




My bank actually orders transactions to make it so that I avoid the overdraft fees. If I get paid one day and also make a debit that would overdraft my account if the payment didn't clear first, they will place the payment first then the debit.


That's good of them. I mean, that's just good customer service and they'll probably keep you as a customer for far longer by not nickel and diming you at every chance.




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