What is Tangerine's overdraft policy?

Tangerine does not offer overdraft protection on their chequing accounts. This means that if a customer tries to withdraw more money than what is available in their account, the transaction will be declined. This policy is designed to help customers avoid accumulating debt and unmanageable fees that can result from overdrawing an account. Tangerine's approach aligns with their goal of promoting responsible banking and helping customers maintain financial discipline. By not providing overdraft facilities, Tangerine encourages individuals to keep track of their account balances and spend within their means. It is important for customers to regularly monitor their accounts and plan their transactions accordingly to avoid any declined payments. In place of overdraft protection, Tangerine does provide useful online tools and resources to assist customers in managing their finances. Their online banking platform offers features like transaction alerts, which can help customers stay informed about their account activity and balance. Additionally, customers can set up automatic transfers or utilize various budgeting tools to keep their spending on track. For any specific inquiries about Tangerine's policies or services, it may be helpful to visit their official website at tangerine.ca. The website typically contains the most current and detailed information regarding their banking products and terms.