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I'm really confused about those overdraft fees (or rather overdraft interests). My bank has also charges overdraft interests, they are currently 6.99% p.a. So if I get into overdraft due to one payment but money comes in on the very same day it shouldn't be that much interest I have to pay to the bank.

For an overdraft of 100 euros it should be like 2 cents for a day.



In the US they were often flat charges on the order of $30.




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