How does overdraft protection work?

[brtspears2]

I have $1,000 overdraft protection at my bank, and they charge $21 when I use it.

Does the bank allow overdraft on checks, debit card use, or other? Will the bank always pay it? If you write a check, and it doesn't have enough funds to pay it, will it use the overdraft and not return the check NSF?

 

[ScrapSilicon]

Originally posted by: brtspears2
I have $1,000 overdraft protection at my bank, and they charge $21 when I use it.

Does the bank allow overdraft on checks, debit card use, or other? Will the bank always pay it? If you write a check, and it doesn't have enough funds to pay it, will it use the overdraft and not return the check NSF?

yep paying an additional $21 tho per

 

[T3C]

as long as its under that $1000 they will cover it, i would not suggest trying to test that service out though

 

[ElFenix]

your bank charges you a fee instead of the merchant.

 

[brtspears2]

Well I have to test these waters this month in extreme emergency. Its either $21 here or take out a deadly selling soul to satan cash advance on credit card to pay rent for bum roommate that can't cover until his payday.