Interestingly, his salary comes through that same account he is asking for an overdraft facility. So in short, the bank had all that information they asked to risk-profile him but were completely unaware. That says a lot about the relationship of the bank with its customers. The customer...
Using a prepaid debit card is a little bit less direct, but this way, you have no chance of getting charged with an overdraft fee.Are the Banks Exploiting You?Some people have that opinion that an unarranged overdraft facility amounts to exploitation. In other words, they believe that banks...