this post was submitted on 23 Oct 2023
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[โ€“] HobbitFoot@thelemmy.club 5 points 1 year ago (1 children)

The problem is that it is being used as a profit center for banks on people who don't have a lot of money. They've also found cases where some banks will prioritize withdrawals over deposits independent of dates to drive up overdraft fees.

[โ€“] sturmblast@lemmy.world 1 points 1 year ago

Sure, that's fair. But spending beyond your means is also providing them an opportunity to capitalize on the offenders