[quote=briansd1][quote=flu]
Because there are disorganized people in this world that really do want overdraft protection, because bouncing a check is more than $10…It’s more like $25-30 return check fee, and a blackmark about writing a bad check…People can always opt-out of overdraft protection if they so choose, but it’s there because it’s a service. If people don’t want to use the service and use the terms of the service, than opt out…[/quote]
Not taking about returned check fee, but credit/debit card transactions.
Banks used to routinely decline transaction over the limit. That’s until they figured they could take advantage of people. That change was not that long ago.
In my opinion, a good society protects its most vulnerable citizens. It’s unconscionable to punish people who already don’t have anything. That’s why I support Elizabeth Warren.
And like I said, people don’t “need” to use debit cards if they don’t want to pay for it…Someone has to pay for the convenience (the machines, etc)…And if people don’t want overdraft protection, they don’t NEED it either. They can opt out…(whether it’s the overdraft protection to covered a bounced check or attempting to withdraw more from the atm then you have available…”
The most “vunerable” parts of society don’t “need” use these things…They can carry around cash…. People who can’t afford the fees or who do not want to pay for the fees can still conduct business without a debit card.
