Robert
Irvine,#2Consumer Comment
Mon, December 08, 2008
A bank will assess overdraft fees if you overdraft by as little as $0.01. This is all computer driven so there is no leway in this. It does not matter if you have direct deposit or not. If you spend the money before the direct deposit comes in, you are going to continue to overdraft. If you want something like "overdraft protection". That is usually tied to another source such as a Credit Card, Line of Credit, or Savings Account. They won't just give you overdraft protection because you have Direct Deposit.