Comments on: Consumer Preference for Being Declined

By: Chet

Chet — Wed, 08 Oct 2008 18:00:20 +0000

I keep a separate account for online purchases, so that when
Amazon.com "loses" my CC number on an unsecured laptop or
something, Russian hackers can't Hoover my bank account dry, as has
happened about twice now. But Wells Fargo refuses to take overdraft
"protection" off the account! So, what's the point? Now the Russian
hackers get the twenty-and-change in the account, plus as much as
Wells Fargo will let them take, and then WF comes after me
for the money they handed out as a "courtesy"! Maybe somebody can
explain to me how this is a failure of my own personal
responsibility when it looks like a criminal failure by WF to obey
my instructions.

By: Chaos Motor

Chaos Motor — Tue, 03 Jun 2008 18:26:33 +0000

I love how so many people suggest balancing a register, as if that
is a way to avoid overdraft fees. Here's a clue - banks do
not use time ordered linear registers. Keeping a balanced
register is not, in any way, a
guarantee that you will avoid overdraft fees, because that
is not the accounting method banks use. In fact,
bank accounting methods seem to be engineered to exploit the common
person's use of a linear register to prompt overdraft fees that do
not show up using a linear register but do show up using a bank
accounting method - that is, their accounting is designed to
invalidate the use of a linear register and expose you to
additional charges that do not occur with linear registers. In
short - Anyone saying to balance their checkbook (register) to
avoid overdraft fees doesn't understand the situation but wants to
feel superior to people who have overdrafted, and thus those
proponents should be ignored without consideration.

By: duh

duh — Fri, 23 May 2008 18:51:39 +0000

uh.... yeah, bank, could you make less money? thanks. -signed,
people who don't know how to check their balance. people, dont be
stupid, this will never happen.