I hope you are with a local or regional credit union now.
Comment on Cox charges you $25 if your credit card is declined
andros_rex@lemmy.world 3 days agoWhen I was doing Amazon Turk - had like $10 to my name, I accidentally clicked on “withdraw funds” instead of “deposit funds” for the $15 I’d spent ten hours earning.
Bank of America charged me $35 for the “overdraft.”
orbituary@lemmy.dbzer0.com 3 days ago
andros_rex@lemmy.world 3 days ago
Yep! I actually closed my account pretty much immediately afterwards, and went with a local credit union which has been consistently great! They gave me a really good rate when I needed a car loan, haves floated me if I was a little short before my direct deposit came in…
orbituary@lemmy.dbzer0.com 3 days ago
Glad to hear it. This is one of the best “small things” you can help people with, in my opinion. BofA is so predatory. I switched to a credit union here in Seattle from them years ago. It was literally the first time I actually earned money in savings rather than it be melted away by fees.
ArmoredThirteen@lemmy.zip 3 days ago
I switched from chase to becu a while back and the difference is staggering. I should have done it way earlier
eager_eagle@lemmy.world 3 days ago
Disabling overdraft is the first thing people should do when opening a bank account. It’s extremely predatory.
andros_rex@lemmy.world 3 days ago
Wells Fargo made a lot of money on ‘Sort Order Optimization’
Say you have $100 in your bank account. You buy a candy bar for $2 from a vending machine, a coke for another $2, fill up $20 worth of gas, and then spend $100 on groceries. You’d think one overdraft charge, for the groceries, right?
Nope. The groceries will be taken out first, then the gas, then the candy bar and coke. Three overdraft charges.
It’s expensive being poor - and they knew that:
OutDoeHoe@lemmy.world 3 days ago
That is so fucked up
wizardbeard@lemmy.dbzer0.com 3 days ago
And is now illegal, thankfully.