Bank Stops Consumers from Buying Things Without Money – Shoppers Outraged

3 comments

in debt

In a surprise move Bank of America has gone out on a limb and decided to stop their overdraft program which would allow you to happily debit away racking up hundreds of dollars in overdraft fees. You might have to deal with the embarrassment of being declined at the cash register of your local mini mart but on the bright side you might still be able to eat next month not having to pay all of your overdraft fees. Frankly it’s about time that the big guys got on this and stop profiting from their customers who don’t adequately manage their bank accounts. Want to know the secret to avoiding this trap? Stop buying things you can’t afford. Or better yet pay for things with cash. Rant over I return you to your regular programming.

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paul's wife 2010/03/11 at 10:25 am

for BOA customers that have a hard time with this:
http://www.hulu.com/watch/1389/saturday-night-live-dont-buy-stuff

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Ted @broketofree 2010/03/13 at 11:00 am

There have been a few times in our life where taking an overdraft fee was fine because we were out of cash and in an emergency. Extra doctor bills for one. Food for the kids.

We were not out buying a fancy TV, just trying to get ahead. I actually find a lot of overdraft fees to be unjust. Punishing those that live on the edge or are unemployed.

Now, if you just bought a new car, a new tv, and spent all weekend at the poor, then yes overdraft fee for you. I wish we had a way to discern the difference between too many drinks and trying to keep the lights on and the kids bellies full.
.-= Ted @broketofree´s last blog ..Oh, I have no money either- lets go shopping! =-.

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