Dave Noble
Senior Member
- Joined
- Oct 10, 2005
- Posts
- 6,419
Perhaps you've forgotten the example that I gave, to which you replied. In the case where the direct debit is taken from my account on the same day that my pay is put into that same account; NAB would process all debits first, and then process all desposits second. So for a period of about 5 to 10 minutes the account is overdrawn and the overdraw fee is changed.
The fee is charged solely because of the banks actions and is beyond my control. I have made sure there are adequate funds!
If the bank account is that close to issue, then can arrange an authorised overdraft facility and then there will be no penalty fees.
Dave