If you flat out had no money I believe the check would bounce. At least I don’t remember ever hearing of the automatic loan scheme until I moved to Seattle and merged into my wife’s credit union. If your CU has an only-account type feature you should check your statement to make sure money that moves out of savings is to cover checks or debit transactions that would have come out of the checking account.
My credit union has this. That feature has kicked in for me a few times for me just this year.
You didn’t explain what would happen if your checking account had a $0.00 balance and your savings account had a $0.00 balance.
Seriously can someone tell me what happens? Because money keeps coming out of my savings…
If you flat out had no money I believe the check would bounce. At least I don’t remember ever hearing of the automatic loan scheme until I moved to Seattle and merged into my wife’s credit union. If your CU has an only-account type feature you should check your statement to make sure money that moves out of savings is to cover checks or debit transactions that would have come out of the checking account.