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honestly... people that complain about overdrafts deserve it. I've never over drafted once in life, if you manage your money, even just a little tiny bit, it should never happen.
The problem is that it is being used as a profit center for banks on people who don't have a lot of money. They've also found cases where some banks will prioritize withdrawals over deposits independent of dates to drive up overdraft fees.
Sure, that's fair. But spending beyond your means is also providing them an opportunity to capitalize on the offenders
Sorry for having PTSD and not being able to have a good paying job while the bills increased threefold in the last five months I guess, fuckhead.
well that's still living beyond your means then isn't it? I can't help it that you can't afford your life don't put your guilt trip on me
There are many people, like me, that literally live paycheck to paycheck and all it takes is one small problem and we are suddenly overwhelmed with ever-increasing debt.
So instead of being a living piece of shit, you should show a bit of empathy and realize not everyone has access to your previledged situation.
I used to live paycheck to paycheck too, and I'm not far away from that now even however it still doesn't mean that I can't do math and overdraft my bank account it's pretty basic shit. you either have money to spend or you don't over drafting is something that is completely under your own control.
It's probably a lot easier to avoid when you're privileged enough to have some cushion in your account every month and not living month to month
These days.. maybe you are right. When i was fresh out into the world I lived paycheck to paycheck. Rent comes due, I have to try and stretch it as i have a few days grace and i need things like food to live and gas to get to work.
Get my check, deposit it, give rent check later that day. Guess which cleared first? I was short 12 cents and got hit with $80 in fees (inflation adjusted it's nearly twice that now) and had to pay rent via money order for 6 months. 12 cents! They could have just shorted it that amount and I'd have been happy to give them a quarter I had laying around. But rather it just made my next month more miserable.
I do think things are better now and there are plenty of overdraft protection methods in place and who uses checks anyway but fact is they had my deposit and did the withdrawal first.
I'm genuinely glad you've never had to deal with such a situation and yes $35 isn't bad. But the thing is - fuck banks. They will find every opportunity to hurt the less fortunate.
Ironically I still bank with them, or what they became. I'm on my 4th account now because their fraud protection is pretty good. So there's a positive aspect.