FukcingAngel
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how else do they make money. overdraft is lameee. sign up for overdraft protection |
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~girlfriday~
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So they can charge you overdraft fees - it's one way that they make money. |
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laura d
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When this happens, are you wearing a ski mask? |
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Skandalouz
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So that they could charge you a fee for doing that later. In the end you end op having to pay back whatever you originally took out and the fee for the overdraft (many banks charge about $35.) |
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src50
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It is YOUR responsibility as the account holder to know how much is in your account before you make a withdrawal. |
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Sadbrowneyes13
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Because they make more money like that. All those fees add up! |
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kharilli
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So they can charge you an overdraft fee. |
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Dr. Deth
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why would you try and take money out of your account if you didn't have it? |
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smileydude28
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Cautious: Its not only once overdraft fee. Sometimes banks charge fee per day. i.e No. of days your account was overdrawn.
Protection: Always ask to secure ur account with overdraft protection if u r in habit to draw money frequently w/o maintaining ur check book. |
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Arica
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There are many reasons that a bank would allow you to do this. First off they are not sure if you may have a deposit coming in that may post to your account that may cover this transaction. Until real time posting is a reality this is just something that the banks and the consumers will have to deal with. Secondly the banks are doing it to protect the consumers in case of an emergency. If you go to the ATM and need $100 and only have $80 they let you take what you need. It's your responsibility to know what you have and the fees that you will be charged for the loan. At most banks if you overdraw frequently they will eventually take this ability away from you. Although it's not common practice, if it's really bothering you that it's happening you can ask your customer service representitive if she can block this service. It is a courtesy that the bank provides. |
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redcliper
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they'll charge you an overdraft fee. |
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banjaxed
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Because you probably have overdraft and the bank is charging you interest on the money you are taking but don't actually have |
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sh0otingstarss
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they see it as doing you a favor if you really needed the money then they let you take it but they turn right around and hit you with an overdraft fee. |
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Matt K
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fee income! |
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sugarcane
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bc u have overdraft protection which is essentially a small loan that they charge u for whether u like it or not. if u go over 10 bucks on accident, it will protect your credit from getting hit by the billing company for a bad payment due to insf but the bank will charge 20 bucks or so for that protection |
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V(^_^')V
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what are you talking about? when you insert your bank card into the atm, you're accessing your account. the money is directly taken from your account. |
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