A couple decades ago I opted out of overdraft protection for this very reason, so the bank would just reject the charges, and then hit me with a $36 fee anyways. Fucking criminals.
It’s even more fun when they transfer from your savings account to cover the overdraft and charge you the overdraft fee anyways.
I encountered this enough with my CU; after kicking my college-induced points-fueled credit card habit; that I just decided to switch to a fee-free checking account with capital one. Physical branch locations be damned.
I could only tolerate so many multiple $3 charges a day, with no specific notification, for a service (a savings transfer) that would be completely free if I were to initiate it. And then “we can refund up to 3 overdraft charges but you should monitor your accounts more closely”. lol. Keep your $9 and shove it, I shouldn’t have to babysit my fucking credit union to keep their hands out of my pockets as I’m going through a major life transition like this.
Anyways. Capital one’s verification process has been a bit of a headache but I’m currently trusting the process.
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A couple decades ago I opted out of overdraft protection for this very reason, so the bank would just reject the charges, and then hit me with a $36 fee anyways. Fucking criminals.
It’s even more fun when they transfer from your savings account to cover the overdraft and charge you the overdraft fee anyways.
I encountered this enough with my CU; after kicking my college-induced points-fueled credit card habit; that I just decided to switch to a fee-free checking account with capital one. Physical branch locations be damned.
I could only tolerate so many multiple $3 charges a day, with no specific notification, for a service (a savings transfer) that would be completely free if I were to initiate it. And then “we can refund up to 3 overdraft charges but you should monitor your accounts more closely”. lol. Keep your $9 and shove it, I shouldn’t have to babysit my fucking credit union to keep their hands out of my pockets as I’m going through a major life transition like this.
Anyways. Capital one’s verification process has been a bit of a headache but I’m currently trusting the process.
Overdraft is optional on every account I’ve had tbh.
It ought to be defaulted to Off.
I’ve turned it off every time but I have to ask every time. They don’t even tell you it’s default to on cause they wanna collect the fees.