I understand returned payment fees for checks, but I’ve never been charged for having a credit card decline.
Stupid of me to sign up for auto-payment when I use my credit card for gas, I guess.
I understand returned payment fees for checks, but I’ve never been charged for having a credit card decline.
Stupid of me to sign up for auto-payment when I use my credit card for gas, I guess.
A lot of banks like to do that biggest to smallest it seems. The one I asked about it gave an excuse of 'the bigger payments are probably things like rent or car payments and we wouldn’t want THOSE to bounce since there was some hard cutoff to the amount they let you overdraw. Nonsense of course, but that was the line given.
It’s your responsibility to manage your finances, not theirs. It’s bullshit that they’d even consider any method of processing payments other than first come, first served.
Yeah, but consider it as a holdover from when people used to pay with these things called checks (cheques) that would only have a date not an exact time stamp and instant electronic processing. The bank would receive a stack of them you paid on Saturday, but they wouldn’t know when exactly.
It was still nonsense that would cause as many overdraft fees as possible to punish the poor, but they didn’t have a way to say who was truly first.