Comment on Venmo overdrafted my bank rather than use the balance in my account
lmmarsano@lemmynsfw.com 3 weeks ago
overdraft fee
I’ve switched to online banking & brokerage accounts and never had to think about those again.
- They block overdrafts without charging a fee.
- Deposited cash often earns high interest rates.
- Large ATM networks or ATM fee refunds.
Some guides
A_Random_Idiot@lemmy.world 3 weeks ago
Online banks have one major drawback, and that is the difficulty they typically have with getting cash into them.
Checks/Transfers/Etc? no problem.
But cash is a big PITA.
lmmarsano@lemmynsfw.com 3 weeks ago
Is that not the purpose of their ATM networks? Though I never use them, I read some offer deposits that way.
I’ve always direct deposited or scanned checks. If someone needs to send me cash, it’s always through some service like Zelle, ACH, or online bill pay. I don’t like to carry cash.
A_Random_Idiot@lemmy.world 3 weeks ago
ATM networks are typically for withdrawing money without a fee.
I dont think I’ve ever seen one that lets you deposit your cash at, for example, a gas station atm or anything… Feels like there’d be way too many liabilities… but who knows, maybe there is one that lets you.
lmmarsano@lemmynsfw.com 3 weeks ago
More than maybe one. Some also accept deposits through stores. I’ve never used them or needed to.
It was easy to adapt away from cash, and I prefer the safeguards of credit & mobile pay.