Looking for a way to, in the event of a purchase dropping my balance below the minimum daily balance (MDB) with no way to bring it above the MDB before the end of the day, make 6 point of sale (POS) purchases that funnel back into my account (same bank or different bank) for free or at least less than the maintenance fee . It's important to know that the 6 POS purchases will enable me to avoid the maintenance fee, as per the account's policy, while having a balance below the MDB.
As far as I can tell, maintenance fees for MDB violations are recorded and then posted (as debit) in that cycle's statement when other maintenance-fee-avoiding transaction activities are not made within the 30-day cycle.
So, for example, if the MDB is $5000, and I make a $1000 purchase, and I don't replenish the account to $5000 by the end of the day, the maintenance fee will be avoided IF I made 6 POS purchases within the same cycle period. In this case, 6 POS purchases, the dip to a $4000 MDB will be recorded, but not posted as debit.
The idea here is that I don't want to spend money to avoid a fee in the event that the account can't be replenished to the MDB.
I was thinking something like donating 1¢ to my same-bank business account through my website 6 times (PayPal). Any proposed method doesn't have to be exactly free, but at least less than $5.
when noticed by the bank staff- Almost certainly, this is entirely automated and no human even glances at your account.