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Originally posted by jam321
I opted in.
The way I understood the option was that if I opted out they would basically freeze my account at a certain amount to ensure I don't go over.
I don't know about others, but sometimes I need every dime I have in my account.
[edit on 12-8-2010 by jam321]
Originally posted by againuntodust
I called my bank months ago and told them not to allow overdrafts, the guy sounded confused, like I had just beat the system.
A bank one time years ago ran me up to over 600 dollars in overdrafts. Obviously I never paid, since they ran the largest purchases first and then all the smaller ones (like gum, a soda, cigarettes, etc). If they had done it in proper order I would have owed 30 and probably paid it.
I think these banks should now have to re-compensate people like me and fix our credit for ruining it with their criminality.
Originally posted by SaosinEngaged
Using a debit card is ridiculous these days. Although I understand it, I absolutely loathe how I can go online, check my account, and see a number that essentially means nothing.
The number you see online should ALWAYS reflect the amount that's actually in your account and available for use.
I understand that it takes several days for funds to clear, but that transaction should at least visibly deduct from your balance the second you swipe the damn card, since it's all electronic, and then the actual funds will transfer at the appropriate time.
I'm sorry, I work 55 hours a week, going to be starting grad school, will be getting married, etc...I don't have time to carry a journal with me and constantly balance my account when I'm supposed to have an online account that does that for me. It's totally asinine.
So banks can suck it. Glad this passed.
Originally posted by ProtoplasmicTraveler
...if you want to charge me these fees I will charge it right back to you and more by monopolozing their time as long as it takes to make sure you spent those fees on labor.
Originally posted by DJM8507
This is why I use a credit card for nearly every purchase and then pay the bill in full at the end of each month.
Plus if I do buy something that I find out later I didn't want I can just return it and it is credited back to the card and no money has even left my bank account until I make that monthly payment.
I have earned hundreds of dollars in "Cash back" bonuses, tens of thousands of frequent flyer miles, and even many perks such as free extended warranties for products purchased with the card.
Plus, the few times I've had disputes with vendors/sellers the credit card was always behind me to dispute the charge and I got my money back.
If you can budget, and pay off the credit card every month then that is what I would recommend. It also gives me excellent credit.
Just my opinion.