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Plenty of people trading for 10k at Schwab don't know either. Plenty of people don't know the details of their bank account, too. I do blame RH but not for this
by Tenoke 6y ago
Plenty of people trading for 10k at Schwab don't know either. Plenty of people don't know the details of their bank account, too. I do blame RH but not for this..
People are always going to be uninformed about some things, yes we should minimize that but we shouldn't make services available only to the rich because of it.
- Alupis 6y agoI'm not aware of any other institution that allows to to take on debt by accident.
- Tenoke 6y agoYou've never heard of a reversed PayPal or bank transaction that leaves users with a negative balance?
- kortilla 6y agoBanks (overdraft)
- Alupis 6y agoAll banks offer overdraft protection when you open your account, and they clearly explain what it would mean for your account to go negative. Definitely not a good comparison.
- Tenoke 6y agoRH also explains it. Some people don't bother paying attention to that in both cases.
- Igelau 6y agoAlso, not having enough money in the bank, getting charged by the bank to hold on to what little you have, eventually getting charged into negative dollars.
- sildur 6y agoING does too. I've been bitten by that.