Bank Of America Testing Letting You Choose To Overdraft Via Text Message

Bank of America currently rejects debit card items that would make your balance go below zero, but Finextra reports they’re going to test out a new system that sends you a text message when you’re about to overdraft. The message will give you the option to let the transaction go through and incur an overdraft fee.

“We think this is a much better approach, to let the customer choose,” a BofA exec said, which is sort of like giving people more control over their bridge experience by building a suicide platform on it.

The pilot test would run Q1 2012.

Bank of America to offer overdrafts by text [Finextra] (Thanks to Sarah!)