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Interesting read, as usual. "You can understand why, right? From their perspective, they were just going about their life, doing nothing wrong, and then for so
by gniv 3y ago
Interesting read, as usual.
"You can understand why, right? From their perspective, they were just going about their life, doing nothing wrong, and then for some bullshit reason the bank charged them $35."
I'm not sure it's quite right to blame this on math illiteracy. I think some people are still in denial on bank fees.
- immibis 3y agoThe reality is the person also got paid $500 on the same day, but even though the paycheck arrived early in the morning, the bank chose to process it late at night to collect that $35 overdraft fee in the meantime.
- astrange 3y agoDown significantly. https://www.consumerfinance.gov/data-research/research-reports/vast-majority-of-nsf-fees-have-been-eliminated-saving-consumers-nearly-2-billion-annually/ https://www.consumerfinance.gov/data-research/research-repor... Payroll ACH transfers usually get deposited two days faster than they used to as well (1 day instead of 3 days).
- ted_bunny 3y agoIf anyone's reading this like a joke, it's not. They'll also reorder your charges for the same purpose. Have $70, and then ring up charges for $5, $10, and $75, and you will consistently have three overdrafts instead of one.