2 replies to this topic

[bonehead]

I recently had bofa nail my with a 31 dollar overdraw fine. but the covered the check for me. what about overdrawing your account by say 5000 dollars by buying a flat panel. they take the tv back and get a cash refund. then take the money and stick it somewhere until bofa demands you pay. but you can keep the interest minus the 31 dollar fee. could this work?????

[taxman]

Overdraft protection has a limit. Some bank/credit unions limit is $300 and some banks charge interest on the advance. Here is a survey of overdraft protection which dicusses if it actually worth having it:

link

[Bankgeek]

This definitely won't work and BofA also charges interest besides the fee.