I’m not sure I understand “overdrsft fees”. Where I’m from if there’s not enough money in your account, the transaction is declined, end of story.
Some people have overdraft facility added to their mortgage, but this is a line of credit arranged with the bank at a set rate.
Why not make them a percentage of the overdraft? Isn’t that more fair? I mean, if you overdraft $25,000 it’s much worse (and intentional) than $25, no?
Our hero 🥹
It’s amazing how all of these things that sound good to the masses are happening in an election year
It seems that nationalizing the banks would be a better choice. Why do we have banking competition anyway? What makes people think we’re able to make rational financial decisions or manage our finances by ourselves? Shouldn’t the government protect us from ourselves? Wouldn’t life be easier with one centralized government bank that attended to our needs and managed all the money for everyone?
BFD. Defund Ukraine, and maybe you get an attaboy.
7 comments
Consumer protection = good for citizens
I’m not sure I understand “overdrsft fees”. Where I’m from if there’s not enough money in your account, the transaction is declined, end of story.
Some people have overdraft facility added to their mortgage, but this is a line of credit arranged with the bank at a set rate.
Why not make them a percentage of the overdraft? Isn’t that more fair? I mean, if you overdraft $25,000 it’s much worse (and intentional) than $25, no?
Our hero 🥹
It’s amazing how all of these things that sound good to the masses are happening in an election year
It seems that nationalizing the banks would be a better choice. Why do we have banking competition anyway? What makes people think we’re able to make rational financial decisions or manage our finances by ourselves? Shouldn’t the government protect us from ourselves? Wouldn’t life be easier with one centralized government bank that attended to our needs and managed all the money for everyone?
BFD. Defund Ukraine, and maybe you get an attaboy.