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Is it correct to charge extra overdraft fee for the charge of monthly interest? #30805

Closed chaseliu closed 1 year ago

chaseliu commented 1 year ago

Date Amount Balance Note 2022/8/24 -1000 -1000 Take out monthly advance 2022/8/24 50 -950 Pay back small amount 2022/8/24 -5000 -5950 Emergency funds for repairs 2022/8/24 -20 -5970 Apply overdraft fee 2022/8/24 150 -5820 Partial restoration on repairs 2022/8/24 -407.40 -6227.40 Charge monthly interest 2022/8/24 -20 -6247.40 Apply overdraft fee

The output of last example is above.

Is it correct to charge extra overdraft fee for the charge of monthly interest?


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BillWagner commented 1 year ago

Hi @chaseliu

That's what I'd done in the example. It could be coded with different rules, if you'd like.

I'll close this as by design.