Security operations: Ethics
Overdraft occurs when a person or company withdraws more money that is not enough as reads in the bank account balance. This causes the balance to go below zero and in most banks, this will lead to a charge commonly known as the overdraft fees. The only ethical way to go about these charges is to pay them through the bank authority. However, most bank account owns try their best to avoid these charges and if they do incur them, they will tend to be unethical and go behind the correct procedure so as to recover the overdraft fees. Some alternative ways that customers use will be discussed as follows.
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They will settle with you to reduce the legal costs that may have come about if the customer decided to go and precedent a verdict against them. Through this they can pay almost all the customers of the bank billions of money as it is a breach of contract; hence paying off one customer is a simple damage limitation measure. This is an ethical way of going about it since it is contained in the contract and one just needs to get bright and pin them with this. Most will roll over and give up without even fighting while other will make that process tedious and difficult.