August 28, 2019
I don't understand how Adam reliably gets the money into Tangerine to cover his overdraft by 9pm same day if it's all at Motive. The penalty is too high for me to take that risk.
Never join a fitness club and you'll never have to worry about unauthorized withdrawals. If you want to get fit, get moving! You were born with the necessary equipment.
As the nice fellow at ING used to say, "save your money".
I transfer the amount of the overdraft from motive savvy savings to cha-ching chequing, and then e-Transfer to myself and accept it into tangerine chequing account. The payment usually gets withdrawn from my tangerine account in the morning so I have time to clear the negative balance. The overdraft alert gets sent by email.
Update: I've published a short article explaining how to set up Tangerine's overdraft feature, including a mention of Adam's tip of doing an Interac e-Transfer the day your account is overdrawn.