For those who might argue that people should not take money they don’t have, yes this is true.
However, banks know how to stop people from over drafting. They let you do it so they can charge you the ridiculous fees.
Dinosaucers_ on
They made $89 billion in small loans.
Hornpipe_Jones on
I remember reading that one of the bank executives literally has a yacht named ‘Overdraft’.
Also remember one of Trump’s first actions of his new term was undo an EO from Biden that gave people protection from predatory overdraft fees.
aManHasNoUsername99 on
Makes sense. Our society is fine with making money preying on the desperate.
Ford_Trans_Guy on
This is why I NEVER opt into “overdraft protection”. Not getting any fees from me.
No-Media-5162 on
Stuff like this is why I’ve never used a bank for checking and savings accounts. I’ve been using a credit union since I was a teenager in the late 90s.
Dont_Be_Sheep on
Send your money to me!! I will tell you you’re poor at 1/2 the cost, guaranteed!
clarkwgriswoldjr on
Says it better than I could.
“Yes, Democrats, primarily through the Consumer Financial Protection Bureau (CFPB) under the Biden administration, finalized a rule to cap most overdraft fees at **$5** for large banks. However, this rule was recently overturned by a Republican-led effort in Congress and signed into law by President Trump in May 2025”
hunters44 on
This post really reeled in the bootlickers
Happily_Doomed on
That’s why I called my bank and told them to never let my account go negative and still get charged. They can just stop that. If there isn’t enough money in my account, I would just get declined. Better to get declined getting McDonald’s than get charged an extra $20 for it.
10 Comments
For those who might argue that people should not take money they don’t have, yes this is true.
However, banks know how to stop people from over drafting. They let you do it so they can charge you the ridiculous fees.
They made $89 billion in small loans.
I remember reading that one of the bank executives literally has a yacht named ‘Overdraft’.
Also remember one of Trump’s first actions of his new term was undo an EO from Biden that gave people protection from predatory overdraft fees.
Makes sense. Our society is fine with making money preying on the desperate.
This is why I NEVER opt into “overdraft protection”. Not getting any fees from me.
Stuff like this is why I’ve never used a bank for checking and savings accounts. I’ve been using a credit union since I was a teenager in the late 90s.
Send your money to me!! I will tell you you’re poor at 1/2 the cost, guaranteed!
Says it better than I could.
“Yes, Democrats, primarily through the Consumer Financial Protection Bureau (CFPB) under the Biden administration, finalized a rule to cap most overdraft fees at **$5** for large banks. However, this rule was recently overturned by a Republican-led effort in Congress and signed into law by President Trump in May 2025”
This post really reeled in the bootlickers
That’s why I called my bank and told them to never let my account go negative and still get charged. They can just stop that. If there isn’t enough money in my account, I would just get declined. Better to get declined getting McDonald’s than get charged an extra $20 for it.