Negative

We assert that:

• "There is no such thing as 'negative' money."

As such, a financial account should:

• "Never be 'allowed' to go 'negative'."

How does a "bank" or "account holder" manage a situation like an "overdraft"?

We prefer to answer that question backward with 3 "points":

1. An "overdraft" is essentially a "loan" being made by a "bank" (at the "bank's" discretion) to an "account holder".
• It may or may not be "desired" by an "account holder".
• It may or may not make things "easier" or "simpler" for either.
• This makes it a potentially "undesired loan" that an "account holder" "triggers" but doesn't actually want.
2. An "undesired loan" doesn't benefit an "account holder" and it shouldn't "benefit" a "bank" "providing" it.
• There should be no "fee" associated with an "undesired loan".
• There should be no "interest rate" on an "undesired loan".
• This means an "account" should never "advance" into the "negative" due to an "undesired loan".
3. A "bank" making "undesired loans" is NOT acting in the best interest of "account holders" and should be asked to "rethink" its policies.
• "Banks" are required - by law - to treat "customers" fairly.

PARTIAL DISCLOSURE: The author of said opinion is currently submitting a complaint online at the FDIC Information and Support Center (https://ask.fdic.gov/fdicinformationandsupportcenter/s) in regard to a situation that formed said opinion.