People Twitter

5283 readers

2187 users here now

People tweeting stuff. We allow tweets from anyone.

RULES:

Mark NSFW content.
No doxxing people.
Must be a tweet or similar
No bullying or international politcs
Be excellent to each other.

founded 1 year ago

MODERATORS

[email protected]

947

Banks need it /s (lemy.lol)

submitted 10 months ago* (last edited 10 months ago) by [email protected] to c/[email protected]

144 comments fedilink hide all child comments

Bluesky Post.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 5 points 10 months ago* (last edited 10 months ago)

I don't know why we can't just have the fees come on a deferred basis

The other guy already said it but I'm going to reiterate for emphasis:

Banks are not your friends. Banks (in the US) exist as for-profit businesses to make money off of you

Edit for clarity: The main way banks make money off of you is by investing the actual cash you give them and agreeing to cover your day to day costs of living. Since the vast majority of people prefer to have a positive bank balance and possibly a savings, it works out that the banks always have money to invest.

It stands to reason that anyone with a negative balance is actively infringing their strategy to invest excess money, so why wouldn't they charge them? It's all business.