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Deegee · 12-20-2009, 04:31 PM

I know that at my FI you sign an agreement stating that if one account becomes overdrawn by way of an AFT (automtic funds transfer) it will cover the overdrawn portion with monies from other accounts (like your savings to cover the chequing). I would suggest strongly that you double check your account agreement or your FI might do the same and you might be out the $400 anyways.

You should call your FI and initiate a stop payment immediately.

12-20-2009, 04:31 PM	#67
Deegee First Line Centre Join Date: Mar 2006 Location: Edmonton, AB Exp:	I know that at my FI you sign an agreement stating that if one account becomes overdrawn by way of an AFT (automtic funds transfer) it will cover the overdrawn portion with monies from other accounts (like your savings to cover the chequing). I would suggest strongly that you double check your account agreement or your FI might do the same and you might be out the $400 anyways. You should call your FI and initiate a stop payment immediately.