Does ABA allow unauthorised overdrafts?

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theKid
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Re: Does ABA allow unauthorised overdrafts?

Post by theKid »

newkidontheblock wrote: Tue Aug 31, 2021 9:52 pm Banks often do short term lending. Take a little out of multiple, multiple accounts, then put the money back a little while later, meanwhile making money on the short term loan interest. Most people keep a few hundred to a few thousand in their account so don’t notice this.

I used to notice this back when I kept my account to $100 or less. And this was decades ago, when information wasn’t as instantaneous.
Hahahahaha :facepalm:
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