“I kept overdrafting my account even though I opted out”
Is this some SovCit shit where they think “opting out” of the terms of service for their bank account is an option?
Reliable bank account
Submitted 5 months ago by JohnWorks@sh.itjust.works to greentext@sh.itjust.works
https://sh.itjust.works/pictrs/image/0a388af2-4b08-4dde-80b2-e06d9568a1a9.png
Comments
paultimate14@lemmy.world 5 months ago
Schmeckinger@lemmy.world 5 months ago
I was able to opt out of overdrafting here in Germany, so instead of going negative it just declines.
Jerkface@lemmy.world 5 months ago
No, there’s a law now where they have to allow you to opt out of overdraft “protection”. They just decline the transaction but they don’t charge you any fees.
Ookami38@sh.itjust.works 5 months ago
If only they didn’t charge fees. My bank charges an insufficient funds fee that’s conveniently the same amount as the overdraft protection fee. So my options are eat the fee and get my stuff, or eat the fee and not get my stuff.
I’m not entirely sure this is legal, but I was told directly by a representative that these were my options. It’s quite literally a poor tax.
FiskFisk33@startrek.website 5 months ago
what do you mean? If I try to pay with an empty bank account the transaction is simply denied.
Nothing sovcit about not wanting the bank to give you what’s essentially a small expensive loan.
sugar_in_your_tea@sh.itjust.works 5 months ago
In fact, overdraft protection is typically opt-in, so just don’t sign up for it and you’re golden.
The only overdraft I use is self-funded overdraft where it pulls from savings instead of a tiny bank loan. I have it send me a notification when that happens so I can tell when my cash flow is wonky.
Ookami38@sh.itjust.works 5 months ago
They mean opting out of overdraft protection. Banks typically allow you overdraft protection, where instead of denying your sale at point of sale, they’ll pay it, charge you a fee, and let the transaction go through.
If you opt out of overdraft protection, it should instead deny the sale, and you don’t get to buy whatever. At my bank, they do this and then charge an insufficient funds fee, which is the same as the overdraft fee. It’s bullshit.
pinkystew@reddthat.com 5 months ago
Some banks allow you to choose- If you overdraft, do you want us to pay the vendor, and then hit you with a overdraft fee? Or do you want us to reject the charge?
captainlezbian@lemmy.world 5 months ago
Yeah. I’m in the latter group. I’ve got my secret gas cash, but if I run out of money I get rejected. It hasn’t happened since college, but I keep it in case
Whats_your_reasoning@lemmy.world 5 months ago
It’s interesting how he somehow manages to have money when he “banks” one way, but constantly overdrafts when he “banks” another way. It honestly sounds like he has difficulty with money management when the money’s in an abstract form, such as a checking account. Having physical cash on hand is a lot easier to keep track of.
I, too, have dealt with that problem. But my solution was to carry a limited amount of cash on me and leave my debit card at home. I mean, I’m glad he found a method that works for him. I’m just concerned he’ll be SoL when the transition to digital-only games renders physical GameStops obsolete.
pinkystew@reddthat.com 5 months ago
If you look at the image, you can see the date it was posted. 2014.
Whats_your_reasoning@lemmy.world 5 months ago
So you mean, he’s probably already screwed?
pelespirit@sh.itjust.works 5 months ago
Video games=paper money=chickens. I’m surprised he’s telling people where his gold is though, that rarely works out well.
drolex@sopuli.xyz 5 months ago
Wouldn’t it be more clevererer to go straight from video games to chickens? Like, go to your steam account and get refunded in nuggies hand-delivered by Gabe? Why no one thinks of this, it’s like I’m surrounded by retards
KaiReeve@lemmy.world 5 months ago
My sister used to do this with Target.
She was always overdrafting her accounts to the point where my dad actually had to go pay Bank of America $200 to close one of them for her, so she decided ‘fuck banks’ and would just spend her entire paycheck at Target. Whenever she needed cash she would head to Target and return some stuff.
Early_To_Risa@sh.itjust.works 5 months ago
1 vote for brilliant
Mandy@sh.itjust.works 5 months ago
The only difference is charisma and since this is a 4channer we are talking about, it’s not hard to guess which they are
pineapplelover@lemm.ee 5 months ago
Wait so he has to pull his money out if the game comes out and he actually gets charged for it? If he waits too late then he has to buy it and gamestop gets a cut if he returns it.
ryannathans@aussie.zone 5 months ago
I’m pretty sure the purchase only goes through if you go instore to buy it at release time
Otherwise they’ll release the stock held for you and refund your deposit
pineapplelover@lemm.ee 5 months ago
So OP is actually a genius. Except if you put money in a bank, it grows some money.