this post was submitted on 25 Jan 2024
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Banks need it /s (lemy.lol)
submitted 9 months ago* (last edited 9 months ago) by [email protected] to c/[email protected]
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Bluesky Post.

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[–] [email protected] 3 points 9 months ago

Usually the defense behind banks 'allowing' overdrafting is that surely you wouldn't want to miss paying a bill because your paycheck hasn't landed yet. So the argument here would probably be if you cap overdraft fees, then banks won't allow overdrafting anymore and then poor families will have their electricity shut off and get evicted.