We got a little flyer included with this month’s checking that describes a service the bank likes to call Overdraft Privilege. If you can understand the gobbledy gook they have printed on this 1/3 page you are either a banking lawyer or certifiably insane. I wish I had a scanner at home so you could see it, but I think this little asterisked portion on the bottom sums up this service nicely:
The Overdraft Privilege Service does not constitute an actual or implied agreement between you and The South Financial Group, Inc. Nor does it constitute an actual or implied obligation of or by the bank. This service represents a purely discretionary courtesy or privilege that the bank may provide to you from time to time and which may be withdrawn or withheld by The South Financial Group, Inc. at any time without prior notice or reason or cause.
I just knew I could count on them…