Delawaredave5
Full time employment: Posting here.
- Joined
- Dec 22, 2004
- Messages
- 699
Caller on Marketplace money podcast said:
1. He calls bank and turns off "overdraft protection"
2. Weeks later he accidentally overdrafts account 3x in one day
3. Bank hits him with three $35 fees
He calls bank - bank says he turned off the overdraft "service" - but bank would still pay merchant charges even though there was no money in account (and charge him when they do so).
Is this true ?
Any way to have a debit card simply refuse a transaction if there no money in account ?
Banks suck.
1. He calls bank and turns off "overdraft protection"
2. Weeks later he accidentally overdrafts account 3x in one day
3. Bank hits him with three $35 fees
He calls bank - bank says he turned off the overdraft "service" - but bank would still pay merchant charges even though there was no money in account (and charge him when they do so).
Is this true ?
Any way to have a debit card simply refuse a transaction if there no money in account ?
Banks suck.