4 ms·

the money being lost is not their bitcoin investment but their checking account's balance. It doesn't make sense to me to keep large amounts on money in checkin

the money being lost is not their bitcoin investment but their checking account's balance. It doesn't make sense to me to keep large amounts on money in checking because you don't earn any interest and it takes time to transfer money from savings to checking. So it makes sense to me that some checking accounts are being completely emptied or overdrafted... Here's one anecdote of $67,000 being removed: https://www.reddit.com/r/CoinBase/comments/7xsyf4/17x_charges_nope_i_just_got_hit_with_50_count/ https://www.reddit.com/r/CoinBase/comments/7xsyf4/17x_charge...

charlesdm 9y ago
It also doesn't make sense for you to keep money in a savings account, by the way. The difference in interest is minimal. I don't even bother. But indeed, quite an annoying bug!
- Alex3917 9y ago
  > It also doesn't make sense for you to keep money in a savings account, by the way. The main point of a savings account is so that other people can't steal your money, like they can if it's in a checking account.
  - 2trill2spill 9y ago
    That's why you use a credit card for purchases and pay off that balance immediately with your checking account. US citizens are generally not liable for identity theft or fraud on their credit card[1]. This should keep your checking account safe. With current interest rates no one should have a savings account. [1]: https://www.creditcards.com/credit-card-news/zero-liability-fraudulent-charges-1282.php https://www.creditcards.com/credit-card-news/zero-liability-...
nuclear_eclipse 9y ago
Get a checking account from a credit union instead of feeding banks that don't care about you. I get 1.5% APY on my checking account [1], and there are plenty of similar programs across the country. https://www.kemba.com/accounts/personal-checking/get-green-rewards-checking.html https://www.kemba.com/accounts/personal-checking/get-green-r...

charlesdm 9y ago

It also doesn't make sense for you to keep money in a savings account, by the way. The difference in interest is minimal. I don't even bother. But indeed, quite an annoying bug!

Alex3917 9y ago
> It also doesn't make sense for you to keep money in a savings account, by the way. The main point of a savings account is so that other people can't steal your money, like they can if it's in a checking account.
- 2trill2spill 9y ago
  That's why you use a credit card for purchases and pay off that balance immediately with your checking account. US citizens are generally not liable for identity theft or fraud on their credit card[1]. This should keep your checking account safe. With current interest rates no one should have a savings account. [1]: https://www.creditcards.com/credit-card-news/zero-liability-fraudulent-charges-1282.php https://www.creditcards.com/credit-card-news/zero-liability-...

nuclear_eclipse 9y ago

Get a checking account from a credit union instead of feeding banks that don't care about you. I get 1.5% APY on my checking account [1], and there are plenty of similar programs across the country. https://www.kemba.com/accounts/personal-checking/get-green-rewards-checking.html https://www.kemba.com/accounts/personal-checking/get-green-r...