this post was submitted on 25 Jan 2024
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Banks need it /s (lemy.lol)
submitted 10 months ago* (last edited 10 months ago) by [email protected] to c/[email protected]
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[โ€“] [email protected] -1 points 10 months ago (1 children)

I have definitely avoided much bigger late fees via overdraft when I was younger. There's a middle ground here between predatory fees and getting fucked over a few pennies imo. Let people run a negative balance and then defer the fees if the account goes positive again within a certain timeframe.

[โ€“] [email protected] 1 points 10 months ago* (last edited 10 months ago)

What the hell does avoiding a late fee for non-payment have to do with capping the maximum overdraft fee? If anything, a lower overdraft fee is even more beneficial in your scenario cuz instead of the $20 overdraft fee, you're only being charged $3 while still avoiding late fees.