21h ago

Also, your credit score drops if you pay all your debts

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The real death of America is everyone drowning to death in made up fees.
- No kidding! Way back in the 80s I had a US Bank account called "The Only Account". It was a checking and savings account where checking always had a balance of zero. When I wrote a check or withdrew money from an ATM, they automatically transferred money from savings to checking to cover it, and that was that. No overdrafts. Ever. There was an annual fee of I think $20/year.
  I don't know where that idea went, but banks and even credit unions now act like they never heard of such a concept. "Overdraft protection" consists of loaning you the money, no matter how much you have right there in your savings acct, and they charge a fee each time and of course start charging interest on the loan. Ridiculous.
  
  Some finttech cash management accounts offering this.
  I didn't realize it was a thing before. 2000s was peak fuck the pleb over draft fee bullshit.
  
  My credit union has this. That feature has kicked in for me a few times for me just this year.
  You didn't explain what would happen if your checking account had a $0.00 balance and your savings account had a $0.00 balance.
  Seriously can someone tell me what happens? Because money keeps coming out of my savings...
  
  “Overdraft protection” consists of loaning you the money, no matter how much you have right there in your savings acct
  That is not universal, many financial institutions let you set it up so that your savings automatically covers overdrafts.
  I've had that be the case in my Ally accounts since like 2010 at least, for no fee. Hell, Ally doesn't even charge overdraft fees at all anymore, apparently.
- Junk fees have been lurking for years but post covid, they took a life of their own...
  The sad reality most plebs just accept it because they must consoom🤡
  
  You say that like it’s an option chosen by idiots, but we literally must consume, as in people have to fucking eat, and we don't have the option to just nope out of capitalism and grow your own food on your own land unless you have a stupid amount of capital.
  
  Only my experience, but I've worked both as a teller and as back office in financial institutions for over a decade. Out of all of the people who were chronically overdrawing their accounts, I honestly can't remember a single one who was doing so off of buying essentials, it was always frivolous luxuries.
  Hell, over the years I've even heard a coworker talk about how they have no money until their next paycheck at the end of that week, and then later that same day, talk about what designer sneakers they want to buy when they get their tax return.
  There are definitely people who struggle to make ends meet, but the fact is, the majority of the times ends aren't met, it's deliberate. People in the US are more likely to have a problem with overspending than underearning, on average.
  
  Most of my exposure to junk fees have been at restaurants which can be avoided followed by some forced bulls shit service which can't be avoided.
  Point being there still places don't try this shit, they should be rewarded for it.
  If you are paying fees on discretionary consumption, you are the problem.
  That's one example practical example of how inflation works.
  Gorcery stores don't have fees or haven't seen them do it yet at least.
  
  Maybe don’t condescendingly blame people living under capitalism for the cruelty inflicted by the ownership class, you fucking pleb.
  
  Y'all so easily give agency to fight. Day in, day out same limp dick retorts about how you cant be bothered to make better consumption choices.
  Got forbid you are old to take action and fight the regime
  Ohh well keep consuming, boy, I am sorry you can't be bothered to take any direct action to hurt the parasite class profit.
  
  Refer to my previous comment.
  
  Comment is non sequitur
  Now get back to paying junk fees, daddy counts on you being complacent 🤡
  
  All sound and fury, signifying nothing.
  
  The term is direct action but clearly many people around here get triggered by the idea of taking it
  Learned Helplessness
  I am sure your government will save you tho
  
  I get that you’re mad, we all are, but you’re attacking people in the same sinking boat as you simply for not having options, perfectly outlined by your condescending (and contradictory to your rhetoric) use of the word “pleb.” You’re not directing your anger towards the people causing the problem and you’re not attacking the actual issue, you’re just shooting yourself in the foot and victim blaming. Aim higher.

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