Overdraft
From CaseyPedia
An Overdraft is a useful banking mechanism that enables Casey Serin to spend more money than he actually has in his checking account at any particular time.
The Overdraft is especially convenient because its use is completely transparent: even when a checking account currently has a negative balance, the Overdraft mechanism will automatically cover the shortfall - without even alerting Casey that it has been used.
As of October, 2006, Wells Fargo Bank charged a mere $33.00 (US) for each transaction that involved an Overdraft. The rate is set at this amount regardless of the amount of the purchase which invokes the Overdraft.
To widespread disbelief, Casey actually opened and reviewed his Wells Fargo Checking Account statement in November, 2006, to learn that multiple Overdraft charges had been applied to his account - some for purchases as small as $4 at Jamba Juice, or $5 at Starbucks. That same statement showed the Overdraft was also applied to a necessary dining extravaganza at the Macaroni Grill, though it is not clear whether it has been used to facilitate a Wheatgrass shot.
It is the Overdraft mechanism that inspired great Internet hilarity and references to "that $37.90 cup of Jamba Juice" which Haterz™ would refer to over and over again in subsequent posts on iamfacingforeclosure.com.
