Mother: I need $3 but I only have $1.25.
Bank: That’ll be $20
How can you know if your credit union is part of this alliance. My seems cool. I’d like to know.
Edit: heyooooo, mine is on there! Fantastic. I didn’t want to have to switch. But would’ve!!! Clearview FTW.
Yup my dad taught me a lesson with that as I realized I went over by a couple cents. Told me I could call the bank but as an easy punishment and to help me learn the responsibility of a bank account we went in person and I had to ask to reverse it
Things like this people don’t really know you can do especially as first time offenders
And your credit score is now negative.
Before you could pay everything electronically, and before there was overdraft protection, I got myself into a real mess with a bounced check. I had several transactions come through and my bank account was $39 short of the total amount. The bank did not take the money out of my account in the order the checks/transactions came in. They did it in order of biggest amount to smallest check. The account was overdrawn by the second transaction. For the next six transactions, I received a $45 overdraft fee. Three of these transactions were me buying my kids a bottled water from a machine with my bank card. This happened about 15 years ago and I think they have better laws in place now. $275 dollars in fees for my account being short $39. If they would have started with the smallest transaction. I would have only had one OD fee. I really hope these laws have change. I’ve never let myself get into that situation again.
You can just opt out of (or never opt-in in the first place) overdraft protection if you want to and banks won’t accept transactions if you don’t have the money.
I just got charged a $27 late fee because the paper statement never came in the mail, fuck these banks
7 comments
Mother: I need $3 but I only have $1.25.
Bank: That’ll be $20
How can you know if your credit union is part of this alliance. My seems cool. I’d like to know.
Edit: heyooooo, mine is on there! Fantastic. I didn’t want to have to switch. But would’ve!!! Clearview FTW.
Yup my dad taught me a lesson with that as I realized I went over by a couple cents. Told me I could call the bank but as an easy punishment and to help me learn the responsibility of a bank account we went in person and I had to ask to reverse it
Things like this people don’t really know you can do especially as first time offenders
And your credit score is now negative.
Before you could pay everything electronically, and before there was overdraft protection, I got myself into a real mess with a bounced check. I had several transactions come through and my bank account was $39 short of the total amount. The bank did not take the money out of my account in the order the checks/transactions came in. They did it in order of biggest amount to smallest check. The account was overdrawn by the second transaction. For the next six transactions, I received a $45 overdraft fee. Three of these transactions were me buying my kids a bottled water from a machine with my bank card. This happened about 15 years ago and I think they have better laws in place now. $275 dollars in fees for my account being short $39. If they would have started with the smallest transaction. I would have only had one OD fee. I really hope these laws have change. I’ve never let myself get into that situation again.
You can just opt out of (or never opt-in in the first place) overdraft protection if you want to and banks won’t accept transactions if you don’t have the money.
I just got charged a $27 late fee because the paper statement never came in the mail, fuck these banks