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Some banks used to "helpfully" give you a spot loan when you ran below zero balance. Some banks still charge you overdraft fees. Most banks charge you absurd
by akira2501 3y ago
Some banks used to "helpfully" give you a spot loan when you ran below zero balance. Some banks still charge you overdraft fees. Most banks charge you absurd fees for basic debit features.
I see a lot of people using pre-paid credit cards. You can just roll into Walgreen's, flop cash on the counter, and "charge up" your card.
- dalyons 3y agoThere are a lot of debit products out there. ButfFor the majority of traditional banks, if you turn off overdraft the account keeping fees for debit are far far less than the average carried CC interest bill. Those pre paid credit cards come with their own substantial fees, and usually are without rewards or purchase protections. I’m not entirely sure what you’re getting at?
- akira2501 3y ago> Those pre paid credit cards come with their own substantial fees, and usually are without rewards or purchase protections. Having looked over a few the fees aren't any different than what you'd expect at a commercial bank like Wells Fargo. Many do come with rewards, often tied to the network of stores that issues them. Purchase protections aren't universal on standard cards. > I’m not entirely sure what you’re getting at? That debit cards aren't inherently safer than credit cards and this is reflected in the scope of available products.
- PH95VuimJjqBqy 3y agoyou'll need to define safer.