The great thing though, about banking with Tangerine is their Whoops! Protection...which is their version of overdraft protection. Everyone, automatically gets 30-day protection to a maximum of $250 - FREE for 30 days. So, if your account is accidentally withdrawn because of a miscalculation on the dates, you won't be charged for it or suffer a NSF fee.
Now, it is only free to a point. You'll be charged $2.50 if it takes you longer to pay it back after the 30 days, and every 30 days after that if you fail to get your account balance back into the black.
Gail suggests that the easiest way to ensure you never dip into overdraft is by creating your own OD protection - something that Jordan and I have done for a long time. Our's is about $1,000 - there's never less than that in the account.
I keep a balance of 2K to avoid bank fees so it also is my overdraft protection, although we still have that as well but really don't need it. You could say that the 2K is part of our E fund too, but we keep a separate account for that specifically.
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