I was under the impression, when seeing the Chase commercials, that these notifications would alert you in time to make a deposit in order to avoid a fee.
Not so! The notifications are sent, by your choice, either via text to your mobile phone or email, during the early morning hours after the business day has closed in which the overdraft occured.
This means when you arise the next morning, and see the notification, it's too late! Despite any efforts you make to bring your balance to a positive amount, you are already going to get hit with a $32.00 minimum overdraft fee.
This fee, as with the notification, is not posted until the end of the business day, of which you have corrected your balance. You go to bed thinking that everything is restored, only to wake up and see a fee has been placed on your account, which could, now, cause another overdraft, if you only had enough to barely cover the first overdraft.
And the process starts all over gain, until you can get enought to finally cover the 1-day lag in overdraft fees.
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