this post was submitted on 01 Sep 2026
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United States | News & Politics
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You can have the money and still be charged overdraft fees.
Consider multiple accounts under one number, all set up to transfer money between them for free and with no limits. But once you spend from an account without enough funds allocated, then that money transfer will cost money, usually $30-40.
Real life application: When a medical biller uses the wrong card on file they can rack you up some hefty charges before you know it, and the bank usually only forgives one fee, not the eleven extra ones the biller triggered by making separate, itemized charges.
All the bank was doing was moving the money from a savings account with the same number, and then charging a fee for that. And only a bank can charge and collect in one action.
I dismantled the automatic transfer system that had been set up since it was just a fee scam. Now payments just fail if I haven't allocated the money to the debit account.
But it's still a scam, even if you consider benevolent credit extensions. Extending this credit is not costing them $30-40 per transaction. Walmart can just write off thefts of under $20, for tangental context.