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!)

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