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Pro life tip: join a credit union if there's one available in your area. Many of them will refund your ATM fees at the end of the month if you meet certain requirements (like making a minimum number of debit card transactions) even if the fees are from a different bank or institution.
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Aug 13, 2018 17:11
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zegermans posted:that reminds me of one of the shittiest bank-related scams of the financial crisis were people barely skating by would make debits and deposits in the same day, and at the end of the day when the bank did the daily close they would intentionally count all the debits first to force an overdraft fee before counting the deposits, regardless of when in the day it actually happened. I remember banks had the standard customer service bullshit for why if you overdrafted they would reorder your withdrawals from largest to smallest to hit you with the maximum number of overdraft fees (for example you filled up your tank and bought a two dollar coffee and then a large check cleared and overdrafted, instead of charging you the single overdraft for the check they'd reorder them so the check cleared first and overdrafted you and then the gas station and coffee would each be another $35 overdraft fee), they'd say "well your largest debit is probably your most important one like a mortgage payment or something so we want to make sure that has the highest chance of getting approved and if you start to get denied it's only stuff that doesn't matter like a coffee" except that made no sense because (1) they did it even when they approved all the overdrafts anyway, also (2) if they're reordering them then it means your debit swipe at Starbucks 5 hours ago obviously already went through anyway. Of course somehow the "we just want to make sure all your important checks don't bounce" concern magically disappears when it comes to reordering your deposits to make sure a check overdrafts even if you deposited funds before you wrote the check, I don't remember if the banks even bothered coming up with an excuse for that.
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Aug 13, 2018 18:13
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instead of 3 bucks like most ATMs or 6 bucks like most casino ATMs, Vegas strip club ATMs charge $20 or 10%, whichever is greater, so if you’re $100 short of enough to get that handbeezy you’re paying a 20% ATM fee (probably more because your bank may also charge you 2 or 3 bucks).
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Aug 13, 2018 18:27
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America is sick. Paying to look at your bank account lmao
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Aug 13, 2018 18:28
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Dissapointed Owl posted:America is sick. Paying to look at your bank account lmao Yeah this. I have never paid to use an ATM in my life.
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Aug 13, 2018 18:31
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Yea but when we finally destroy the world in cleansing hellfire it’ll all have been worth it
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Aug 13, 2018 18:31
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veiled boner fuel posted:instead of 3 bucks like most ATMs or 6 bucks like most casino ATMs, Vegas strip club ATMs charge $20 or 10%, whichever is greater, so if you’re $100 short of enough to get that handbeezy you’re paying a 20% ATM fee (probably more because your bank may also charge you 2 or 3 bucks).
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Aug 13, 2018 18:47
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FMguru posted:The best part about casino ATMs is watching the crowds slowly gather around them at 1145pm, waiting for midnight to come so their daily withdrawal limit resets. Boy am I glad I'm not a gamma.
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Aug 13, 2018 18:55
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shiksa posted:yeah, those generic atms you see at bars or gas stations or whatever, the second you press "yes" on the screen warning you that you'll be charged for this atm, you get charged 3.50 or 2.00 or however much. its awful but sometimes its convenient. like, say, when i buy weed at work. i have a modicum of respect for past me for something like this. when opening up a checking account, i got a debit card and the bank pushed for some overdraft "protection" scam that gave a usurious loan to cover the transaction with a claim that it was there to avoid the "embarrassment" of trying to buy something and not having enough money. i just kind of thought "oh thats pretty stupid", which is true, but i failed to grasp just how malevolently bullshit the whole sales pitch was
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Aug 13, 2018 19:01
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https://www.cnbc.com/2018/08/13/twenty-two-percent-of-student-loan-borrowers-fall-into-default.html • Over 1 million people are defaulting on student loans every year. • 40% of borrowers are expected to be in default by 2023 Great system. The best system.
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Aug 13, 2018 19:11
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OhFunny posted:https://www.cnbc.com/2018/08/13/twenty-two-percent-of-student-loan-borrowers-fall-into-default.html good thing it isn't a disproportionate amount of debt that the government has issued or anything
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Aug 13, 2018 19:12
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OhFunny posted:https://www.cnbc.com/2018/08/13/twenty-two-percent-of-student-loan-borrowers-fall-into-default.html I am one of those million
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Aug 13, 2018 19:43
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TurboFlamingChicken posted:I am one of those million every year?
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Aug 13, 2018 19:44
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Powered Descent posted:The fourth comes up a lot in computer nerd circles, particularly when someone like an FBI director says something stupid like how all encryption should be backdoored.
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Aug 13, 2018 19:44
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OhFunny posted:https://www.cnbc.com/2018/08/13/twenty-two-percent-of-student-loan-borrowers-fall-into-default.html I paid off my loans this year  All I had to do was have my dad die 
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Aug 13, 2018 19:54
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Business Gorillas posted:I paid off my loans this year double win
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Aug 13, 2018 20:06
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Epic High Five posted:good thing it isn't a disproportionate amount of debt that the government has issued or anything So what's this mean if we finally just let people discharge it
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Aug 13, 2018 20:09
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Business Gorillas posted:I paid off my loans this year new platform: kill all dads
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Aug 13, 2018 20:09
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The sheer amount of things that banks can charge you for in America is ridiculous. Overdraft fees - they let you take out more money than you have, and rhen fine you dor not having the money
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Aug 13, 2018 20:11
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Grondoth posted:So what's this mean if we finally just let people discharge it print more money to give to banks and wall street while slashing programs that actually help people if I had to guess what would happen in the case of a debt strike or mass default
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Aug 13, 2018 20:11
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Business Gorillas posted:I paid off my loans this year looks like Ron Paul’s platform works
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Aug 13, 2018 20:13
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i worked in extremely predatory lending and sometimes i would see people submitting superfluous documentation and all sorts of weird poo poo. like i remember a pre-paid debit/credit card called Scott Card or something. sometimes id look up these weird little banks operating next to a hot dog on a stick at the mall when i was bored and the "debit cards for people blacklisted from normal banks" all had gently caress-you-over-a-barrell terms probably the most famous example of what im talking about is the Kim Kardashian Kard. yes, they with with K for Kard not seeing the obvious connection people were going to make there.  here are the fees: 
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Aug 13, 2018 20:24
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cumshitter posted:i worked in extremely predatory lending and sometimes i would see people submitting superfluous documentation and all sorts of weird poo poo. like i remember a pre-paid debit/credit card called Scott Card or something. sometimes id look up these weird little banks operating next to a hot dog on a stick at the mall when i was bored and the "debit cards for people blacklisted from normal banks" all had gently caress-you-over-a-barrell terms honestly I'm torn between my hatred of predatory lenders and my deeply-held belief that people who would willingly sign up for a loving Kardashian credit card deserve whatever they get
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Aug 13, 2018 20:35
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Business Gorillas posted:I paid off my loans this year Sorry to hear that.  
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Aug 13, 2018 20:38
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in the future people without student debt wont be able to get professional jobs because institutions won't be able to leverage their problems into peonage
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Aug 13, 2018 20:38
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It's the one acceptable function of usury
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Aug 13, 2018 20:38
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fits my needs posted:looks like Ron Paul’s platform works
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Aug 13, 2018 20:40
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you know that's a good point, the bible is pretty fuckin clear on usury and it was a serious offense for a long rear end time, what changed
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Aug 13, 2018 20:41
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TurboFlamingChicken posted:I am one of those million I thought you couldn't discharge student debt though?
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Aug 13, 2018 20:42
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Epic High Five posted:you know that's a good point, the bible is pretty fuckin clear on usury and it was a serious offense for a long rear end time, what changed jesus died
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Aug 13, 2018 20:42
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PostNouveau posted:I thought you couldn't discharge student debt though? nothing is more radical than refusing to pay your debts and not having a job
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Aug 13, 2018 20:42
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president biden is gonna make debt prisons great again
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Aug 13, 2018 20:43
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Tiler Kiwi posted:i have a modicum of respect for past me for something like this. when opening up a checking account, i got a debit card and the bank pushed for some overdraft "protection" scam that gave a usurious loan to cover the transaction with a claim that it was there to avoid the "embarrassment" of trying to buy something and not having enough money. i just kind of thought "oh thats pretty stupid", which is true, but i failed to grasp just how malevolently bullshit the whole sales pitch was It actually can be extremely useful if you're not stupid with your money. The interest on an overdraft line of credit (if that's what you're referring to) is almost always gonna be less than the overdraft fee. So if you overdraw your account, it'll roll over onto the line of credit and you avoid the overdraft fee. Then you pay down the line of credit to zero asap. Sometimes you can avoid paying extra money completely. Of course, the bank relies on people being dumb with money, so you'll have people get a $2000 line of credit and max it out lol. The best thing to do if one is bad with money and worried about overdrafts is to just turn down the ability to let your account overdraft.
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Aug 13, 2018 20:46
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Epic High Five posted:you know that's a good point, the bible is pretty fuckin clear on usury and it was a serious offense for a long rear end time, what changed The enlightenment, probably
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Aug 13, 2018 20:55
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Epic High Five posted:you know that's a good point, the bible is pretty fuckin clear on usury and it was a serious offense for a long rear end time, what changed banks wouldn't offer consumer loans to people at the legal rate because people defaulted so often that they couldn't make money on it, which meant people just went to illegal loan sharks instead during the progressive era they raised the legal rate caps to move people into the legal system like before the 1910s the max rate would be say, 5% a bank could make a ton of money by offering a huge business loan to a corporation at 5%, but why bother spending all the overhead costs to offer people $100 loans that a lot of them were going to default on anyway for such a small return Badger of Basra has issued a correction as of 20:58 on Aug 13, 2018 |
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Aug 13, 2018 20:55
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Epic High Five posted:you know that's a good point, the bible is pretty fuckin clear on usury and it was a serious offense for a long rear end time, what changed Nothing. Interest was always against the rules, but moneylenders would charge "damages" on loans. I give you $300 interest free, but every week you don't pay me, you owe me $30 more for failure to repay me. Can't recall where I read about that, but there it is.
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Aug 13, 2018 20:59
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Dissapointed Owl posted:America is sick. Paying to look at your bank account lmao seriously. Can't they just be happy they don't have to pay so many counter staff? Oh man, what am I even saying, of course they can't. cumshitter posted:here are the fees: Holy gently caress, they charge you if you have a request declined? That's insane! You're all insane! Am I insane? Maybe I'm insane, that would be nice...
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Aug 13, 2018 20:59
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Pipski posted:seriously. Can't they just be happy they don't have to pay so many counter staff? Oh man, what am I even saying, of course they can't. its a particularly usurious example, evne for a pretty crooked industry. i think the card lasted all of a few months before they closed it. the website got scooped up by someone who still runs it as a reminder the "account to account" transfer fee sticks out as particularly bad to me. thats whats called a journal in banking, when you move money around your own internal ledgers. theyre free and instant elsewhere, but if youre going to transfer money between different peoples accounts at the same bank theyre seriously going to charge you for it.
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Aug 13, 2018 21:04
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also since the bible said usury was bad that meant only christians couldn't do it, hence why jews were so often moneylenders. it was one of the only things they were allowed to do however if your local nobleman decided he didn't want to pay his debts he would just expel the local jewish population (or worse). it's very easy to gin up a pogrom if a bunch of people in town owe money to an otherized population
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Aug 13, 2018 21:08
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Oh man I just remembered my favorite lovely bank story. One of my friends was away for university and his bank account was a lovely local bank from his hometown with no online banking service whatsoever. This meant in order to know your balance you must (1) Go into a bank branch and ask (2) Keep your own check register like it's 1990, or (3) Check your balance at an ATM He relied on (3). Unbeknownst to him (because all correspondence from his bank went to his mom), his bank started adding the maximum amount you could overdraw your account to the balance it reported to ATMs. In other words if he checked his balance at an ATM it would show him $250 more than was actually in his account. Because he was a poor college student, he often went below a $250 balance (which was really a $0 balance) and was overdrafting all the time until his mom noticed the overdraft letters coming to her house and called him up to say "hey stop overdrafting your account it's really expensive". Now you could say it's all his fault for not keeping a check register, but who the hell expects an ATM to lie to you about how much money you have when you do a balance inquiry  I want to say he did eventually succeed in getting the overdraft fees refunded by badgering the bank about how bullshit it was so there's that (after which they said "ok now you know so we're never refunding another one") but still goddamn.
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Aug 13, 2018 21:27
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