I would have thought, if AIB are going to cancel the overdraft, that you could not then withdraw or go over whats in the account.
Of course the best way is to constantly know exactly what your balance is and not go overdrawn, .
My brother ran into this problem with Bank of Ireland when he first got a laser card. He thought that he'd only be able to use it if he had money in his account. But if he uses his laser card without checking first if there is money in the account (he's on disability and never has a lot of money) the transactions often/usually go through and he is charged huge penalties if he goes into a negative balance.
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And in a perfect world everyone would know how to budget properly and never make any mistakes. And everyone would understand exactly how banking works immediately on opening their first proper account. What a pity we don't live in a perfect world and sometimes it takes people a while to figure things out.You would think that someone on SW who gets hit with penalties of 5 Euro (and rising) more than once would learn to never go into unauthorised overdraft.
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