Nope! Once the banks saw how much cash they could make from the fees, the next step was to carefully trick their customers into overdrawing their accounts more often. They do this by quietly manipulating the order in which your purchases are charged to your account to nail you with the maximum number of overdraft charges. We're talking "half of your goddamn money straight to the bank" numbers here.
Here's how it works. Let's say you have $100 in your checking account and you purchase the following items over the course of the day:
A pack of gum: $1
Two dildos (one for each ear): $15
Some gas: $10
The "Best Actor" Academy Award Steven Seagal won for Under Siege, bought from a street vendor named Handless Bob: $25
That still leaves you with $29. Hooray, you can manage your money!
"Oooo, just enough to buy the actual Steven Seagal."
Ah, but you forgot to note that you had a $100 phone bill due the next day. Well, s**t, that means one of those transactions will put you in the red, costing you a $35 fee. That's what you get for losing track of due dates, right?