Here's how banks use technology to intentionally boost overdraft fees.
I hate when I see companies intentionally doing things to take advantage of consumers, and this one in particular is an example of how not only one company, but an entire industry goes out of their way to rip off customers.
Here's the problem in a nutshell.
Let's say you have $500 in the bank, and you go shopping using your debit card.
First you buy something for $10.
Then you buy something else for $10
You then spend another $10 in 8 other stores.
All together you've spent $100 of the $500 in 10 different stores, leaving you $400.
On your way home, you have a problem with your car and you spend $500 to have it fixed.
Since you now have $400 in the bank, the $500 transaction is considered an... [More]
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