floofer-roofer OP t1_iy5a5o7 wrote on November 28, 2022 at 9:17 PM

Reply to comment by Werewolfdad in Ally Overdraft Transfer Service by floofer-roofer

I thought I saw somewhere it’s been around since COVID, so I thought it has been around for a year or more. I guess my confusion is that sure it says that in the fine print, but in the more obvious definition of the program it has a different tune about using it…so I’m wondering, which is it?

Werewolfdad t1_iy5ag41 wrote on November 28, 2022 at 9:19 PM

> I thought I saw somewhere it’s been around since COVID, so I thought it has been around for a year or more.

I've been an ally customer for years and this is the first I've heard of it. Reg D has been suspended since Covid, but that's just the requirement to limit withdrawals. Banks can still enforce or not as they see fit.

>but in the more obvious definition of the program it has a different tune about using it…so I’m wondering, which is it?

It doesn't have a different tune about using it. The deposit agreement has a different tune about abusing it, which is what you are suggesting