I have definitely avoided much bigger late fees via overdraft when I was younger. There’s a middle ground here between predatory fees and getting fucked over a few pennies imo. Let people run a negative balance and then defer the fees if the account goes positive again within a certain timeframe.
What the hell does avoiding a late fee for non-payment have to do with capping the maximum overdraft fee? If anything, a lower overdraft fee is even more beneficial in your scenario cuz instead of the $20 overdraft fee, you’re only being charged $3 while still avoiding late fees.
I have definitely avoided much bigger late fees via overdraft when I was younger. There’s a middle ground here between predatory fees and getting fucked over a few pennies imo. Let people run a negative balance and then defer the fees if the account goes positive again within a certain timeframe.
What the hell does avoiding a late fee for non-payment have to do with capping the maximum overdraft fee? If anything, a lower overdraft fee is even more beneficial in your scenario cuz instead of the $20 overdraft fee, you’re only being charged $3 while still avoiding late fees.