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Cake day: July 1st, 2023

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  • Oh it was far worse than that…

    They would actually change the order of your transactions in order to maximize the number of overdrafts (and each cost $30+).

    For example, say you’ve got $80 in your account. You buy three separate meals over the course of Monday and Tuesday, and you’ve got $50 left in your account. But now you remember that there is that one thing they NEEDS to be paid for, but it’s $75 and you only have $50 on your account.

    Well, you have no choice but to make the payment that brings you to -$25, and incur the single overdraft fee. Sucks, but $30 penalty is less than not having Internet for a month or whatever, so you do it.

    So to recap: You had $50 left after those 3 meals. You made one single transaction that brought your account into negative, that means one overdraft fee, right?

    Nope.

    They would literally re-order the transactions, put the largest one first ($75), bringing your balance down to $5, THEN they would process the meals from Monday and Tuesday giving you THREE separate overdraft fees of $30 each.

    So now you owe the bank $90 on top of the $25. And that was what the banks sold as, “overdraft protection.”

    Shit was disgustingly egregious. Obama made it illegal I believe.













  • Another symptom of extremely silo’d educations. As someone in a STEM field who took a couple years extra to graduate because they didn’t declare a major for two years, I see this shit constantly. Clearly, very intelligent people who have been once again let down by our education system, but this time at the University level.

    To the point where I will probably get downvotes and angry replies about how learning that other stuff is useless. But I can tell you that it’s absolutely not. I’m an engineer, and “Logic and Language” is still, by far, the most important course I’ve ever taken…