The Conservative Cave
Current Events => The DUmpster => Topic started by: Carl on February 19, 2009, 05:59:09 AM
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http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x5086288
originalpckelly (1000+ posts) Wed Feb-18-09 10:28 PM
Original message
Why allow overdrafts on debit cards? This bullshit should be outlawed NOW!
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Edited on Wed Feb-18-09 10:38 PM by originalpckelly
Forgive me, but isn't it possible for a bank to decline a canceled debit card? If they can do that, why can't they do it for an overdraft, or at least inform someone that they're going to be charged a fee?
If it would cost money to implement a warning message, why not just decline the transaction? It's not a paper check, this can all be done right there and then at the point of sale.
I think I know why, banks are just trying to farm fees from their customers. So instead of just declining the transaction, they let you go ahead and do it without any notice whatsoever as to what's happening even giving the feel good "approved message" and then they charge you a fee.
I say this, as a pissed off person seeking justice. Do you think $1.25 is really just cause for a $25 overdraft fee? I intend to deposit all the necessary money to bring my account back to normal, but this is really ridiculous. Why not just decline the sale? I'd rather have that. I didn't really need the snack I bought with the card at one of those evil vending machines with card readers on them. I even had money on me, but I used the card reader because, well, it was cool. I know, very stupid, but it was cool.
So now I have to pay $25 for $1.25. It shows the absurdity of it all. They ought to charge a percentage of the overdraft, not a flat fee, even for paper checks.
Anyone else got some dishonest business practices of banks to complain about? Maybe we should try to get a law passed updating banking regulations so bullshit like this, and the stuff other people have experienced can stop.
Let me say it before anyone else does:
"Quit whining, be responsible, keep track of your funds...blah...blah...personal responsibility."
Yeah, right, what about the responsibility of a bank to inform it's customers that they're going into debt?
Dear DUmbfuk...
This is your bank informing you that you are stupider then dirt.
Have a nice day.
Everyone pretty much agrees with the op (surprise huh) then the lone voice of reality comes in.
serrano2008 (239 posts) Thu Feb-19-09 12:24 AM
Response to Original message
11. and while we're at it...why do I have to go to the gas station to get gas? They should come to me!!!
I mean, use up gas to drive to the gas station just to get more gas is ridiculous. The oil companies make all this money and I'm the one coming to them for more gas! They shoudl bring the gas truck around every night and fill everyone's cars up.
*sarcasm*
Obviously too sane for the DUmp.
Zhade (1000+ posts) Thu Feb-19-09 12:30 AM
Response to Reply #11
13. There's always one asshole in a thread like this. Congrats, you win the prize.
NT!
serrano2008 (239 posts) Thu Feb-19-09 12:59 AM
Response to Reply #13
15. WOO HOO!!
The funny thing is that from my perspective I was the only one in the thread that WASN"T the asshole.
Seriously people, just keep track of your money. If you can't keep track of your money and you need someone to keep track of it for you, use cash.
hfojvt (1000+ posts) Thu Feb-19-09 05:54 AM
Response to Reply #15
20. that's an odd perspective
To use an analogy - suppose somebody slips on a wet floor and then cries or cries out "%&*^&$ that hurt! Why the heck wasn't there some warning that the floor was wet." That person, and other people agreeing with him/her are all a$$holes. From your perspective.
Whereas somebody who comes onto this scene and makes a sarcastic disparaging remark like "Yeah, and while we are at it why isn't there a warning sign to tell me that I am using electricity when I leave the TV on?" That person is the only non-a$$hole in the group.
That person sounds like a compassionate conservative. "Seriously people, just use some personal responsibility and pull yourself up by your own bootstraps."
Never mind that there's no logical reason for a person to be blindsided by fees on an electronic transaction. They are only hit with the fee because the bank accepted the transaction.
Stop telling us that someone else shouldn`t have to take care of me!!!
These are the self proclaimed geniuses of the world. :whatever:
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Been writing checks for 48 years and never had an overdraft fee to pay. ......hmmmm ....must be something wrong with me, huh?
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How hard is it to NOT spend money you do not have?
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How hard is it to NOT spend money you do not have?
....must be pretty hard for DUmmies.
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Take Obama for an example of DUmmies and money. Air Force One has been in the air for how many trips in just 4 weeks.....costing someone other than Obama how much $$$$ ?
We should put Air Force One use on a credit card. When it hits "overdraft", the pilots and crew are automatically ejected and the rest on board come crashing down.
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WTF? $1.25 from a vending machine was enough to cause an overdraft? :banghead:
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1. The bank made you sign an overdraft agreement or you would not have that service. You wanted you got it and the two parties agreed on terms. Aside, can you imagine if the DUmbass was out at dinner and the bank declined their card? Yeah shitstorm of how the bank is the worst entity ever even though the DUchebag had not made an overdraft agreement with the bank.
2. Soooper smart genius at the DUmp, the $1.25 candy bar didn't cost you $25, it cost you $26.25.
3. Unless the DUmpmonkey is a habitual abuser (which with the brain power on display it probably is) the bank will take the charge off....but...here is the hard part you DUmbf*ck would have to actually take action and call them.
4. I'm sure tht a simple system could be devised to have the snack machine and the bank's main frames establish links and protocols, look into your account, determine if you actually have $1.25 in your account, relay that you do not have $1.25, and have the snack machine let you know that you don't or would face an overdraft charge because you are to DUmb and broke to have $1.25 in your account. This looks like there's real product potential here. I bet Warren Buffet would so invest in a company that could come up with that system. I know every bank would want to buy one for a few million...oh and every snack route guy would love to pay a few hundred more for every machine but then said sanck would cost $1.50 and the $1.30 you have in the account wouldn't cover it.
No wonder they think everyone else needs to be taken care of by the government, they sure do.
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That is the reason for the old saying "Always read the fine print".
They think that means "Always smoke the fine weed."
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And, I don't think it's an abusive charge. The bank really, really wants you to be responsible and carefully track your money, so you have enough in your account, so your check can be trusted. This is kind of like a tax on behavior you want to discourage. They HAVE to make it worth your while to be diligent.