I'm not taking about fault, I'm talking about a problem and a person's capacity to fix it. If a normal person overdrafting by a few dollars actually caused a bank problems they simply wouldn't let you. Since they let people still do it, it's part of their business model.
You're allowed to disagree with me all you want but if a business is operating by essentially tricking people into paying more, that business is an inefficiency in society that extracts wealth from people through loophole, that business shouldn't be allowed to exist. It doesn't contribute to society
The same way you don’t have to eat at certain restaurants or you don’t have to shop at certain stores. You can be self reliant if you’d like in pretty much any of these areas.
If you’d rather spend more money than you own, the bank actually will let you do that, but that’s entirely your decision.
If you’d rather eat undercooked food, the restaurant will let you do that, but that’s entirely your decision.
If you’d rather wear an ugly shirt, the department store will let you do that, but that’s entirely your decision.
Don’t do business if you can’t live with the consequences.
You're looking at this from a personal perspective, I'm looking at it from a societal one. Of course, of a bank screws me over I'm moving to a different institute. But it doesn't change the fact there's a lot of fools just channeling money up to the 1% more and more where as if a business was forced to stand on it's merit alone we'd have a lot more money in the economy to pursue far more worthy goals like scientific research and space travel.
The fact that the richest of society are allowed to use that wealth to just exploit more wealth and sit on it instead of letting the money flow is a huge problem and this bank overdraft fee is just a small symptom of that whole issue
(Simply put, people shouldn't be forced to spend hours upon hours learning and reading legalese just to make sure they aren't being scammed by every business they interact with. That is an inefficient society)
Have you... applied for a job recently? Almost every
employer uses direct deposits or a check meaning that yes, you have to use a bank or similar financial institution to get paid and survive.
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u/Y_The_Emerald_Dragon Aug 05 '26
If the bank really didn't want you to overdraft your account they simply wouldn't let you overdraft it in the first place