I had $50 in venmo, which I used to purchase groceries, because my bank account is currently negative.
Instead of using the $50 in my bank account, instead, a week later the $50 came out of my bank account, not touching the Venmo balance at all.
So now I have an overdraft fee, effectively meaning I paid 1.5 times for those groceries.
I don’t have “overdraft protection,” I’ve told my bank I don’t want overdrafts to go through, but fuck me for being poor I guess.
I FEEL THIS. My bank tells me its not possible to turn it off on my checking account. Blows my fucking mind they can’t just deny a tranaction if I don’t have the money even if I ask 😭
Blows my fucking mind they can’t just deny a tranaction
They can, they just won’t because of those juicy overdraft fees.
Goddamn is it expensive to be poor
Fees that target the destitute are peak evil.
I’ve always been able to decline overdraft when opening a bank account in person. Banks argue the fee is preferable to the embarassment of having the transaction declined, but with how often credit cards flag fraud the embarrassment when it happens is practically zero.
Also, absolutely no one cares if your card is declined. They just wait for you to use a different card. If that cars doesn’t work… Oh well. If it does work… Ok.
The “embarrassment” is completely made up.