this post was submitted on 23 Oct 2023
1585 points (98.2% liked)
Funny
6879 readers
840 users here now
General rules:
- Be kind.
- All posts must make an attempt to be funny.
- Obey the general sh.itjust.works instance rules.
- No politics or political figures. There are plenty of other politics communities to choose from.
- Don't post anything grotesque or potentially illegal. Examples include pornography, gore, animal cruelty, inappropriate jokes involving kids, etc.
Exceptions may be made at the discretion of the mods.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I have a good friend with severe ADHD. She was in big trouble because of this and about to get evicted and lose her car because of dumb decisions. I took over her finances completely to get her out of the hole. She was racking up more than $500 of overdraft fees per month, had taken out a usurious car title loan, and had a ridiculous amount of credit card debt. It's been 20 years, and to this day she is not allowed to have a credit card. We have tried to set up her life so this doesn't happen again, but the banks keep trying to do her a favor by "allowing" her to overdraw her account, despite instructions not to do so. Life is hell for those with executive dysfunction, and the banks take full advantage of their weakness.
Careful with the "overdraft protection" wording. You want it disabled, not enabled.
Yeah, I learned the hard way that I had to specifically ask the bank to just deny a charge instead of allowing it and then charging me a daily fee. What a fucking racket
I had it turned onto my account before, and I went in a told the manager if it gets turned back on, I’m coming back.
He asked if that was a veiled threat, and I calmly said, does it need to be for it to turned it off permanently? He responded, no and promptly said it will never turned back on.
It’s unfortunate that sometimes they force you to be pushy to a party that is only doing a job for under half the states average to buy a home. I’m not a violent person, but I also don’t like wait until there’s a problem to be jerked around for months.
I've had it where even if overdraft 'protection' is off, they'll still allow ACH/recurring charges through and charge you the fee anyway.
I swear that they will use any and everything to revive overdraft protection. I've gone in person, I've gone in person and gave them a signed and dated document I've also deposited a signed and dated document while making a check/cash deposit. It's a 50/50 chance that if I call tomorrow, I will have overdraft protection. This really is something I recommend customers check on a regular basis.
I wasn't quite that bad when I was younger, but I did ban myself from credit cards after a certain point of wrecking my life. It has been a few years since my life fell apart, but it has literally been just the last few months that my credit has finally recovered after being unable to pay my student loans for a while due to circumstances out of my control, being bad with money due to untreated ADHD, and general I fucked up.
The thing that helps me the most is paying all of my bills from my Bank app ("Bill Pay"). This way I can see the dates, setup any automated payments, and in a lot of cases receive the actual statement in the app. Having to go to a bunch of websites is stressful and if I have to mail it myself, I am screwed. Having one app/website is a lot easier to handle. I am not perfect, but my wonderful landlord only has to remind me once in a while if I forget instead of all the time. I am exceedingly lucky right now to have my finances under control where I can comfortably schedule my rent to be paid automatically without me having to worry about payday and such. It took forever to get there.
You are a wonderful person to try and help your friend. I would have loved to have someone like that in my life a decade ago, but I somehow made it anyways. Trying to get my shit together is a huge struggle and I really feel for her.
I've had this same problem. I switched to a credit union and had them turn off overdraft protection. It has helped since I don't overdraft with my card anymore and it gets denied instead. Try a credit union in your area and see if they would do the same thing.