Since the transaction did not bounce with NSF, I assume you have overdraft protection. You will be charged an overdraft service fee and overdraft interest. The service charge is not small and the interest rate is not low. However, it should still be cheaper than NSF.OS44 wrote: ↑Oct 26th, 2008 6:33 pmSo I did a paypal transaction and rather than charging my credit card it went straight to my checking account with CIBC. Now i have around -$130 in my bank account. i will deposit money into my account tomorrow to bring it up to the positive but i was wondering will having a negative balance with CIBC be a problem? I am surprised the transaction even when through without having enough money in the account in the first place.
what did you say to them exactly? would i have a good chance of getting the fee waived in my case?
I just told them that I had accidentally selected my bank account instead of CC when making a PayPal payment, causing the overdraft. I said I had already initiated a transfer to bring the balance back above 0 and they agreed to waive the fees. I didn't speak to a teller, I spoke to the PBO whom I had been dealing with for a few years. I guess it also helped that I've had the account since I was 6.
ill give this a tryRishi wrote: ↑Oct 26th, 2008 8:54 pmI just told them that I had accidentally selected my bank account instead of CC when making a PayPal payment, causing the overdraft. I said I had already initiated a transfer to bring the balance back above 0 and they agreed to waive the fees. I didn't speak to a teller, I spoke to the PBO whom I had been dealing with for a few years. I guess it also helped that I've had the account since I was 6.
