15 BILLION Collected In Overdraft Fees, That's STUPID

15 BILLION Collected In Overdraft Fees, That's STUPID
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[@gabo5605]

My Econ and Finance teacher made us write a one page essay about the points you made in this video about overdraft fees.

[@nathanielaranda8407]

Gabo we’ve lost our minds in this culture 😒

[@Jojobreez]

This channel is great because Dave breaks you all the way down when he calls you stupid, I need to hear this on a daily basis to keep me on track

[@luisbarreda7357]

This happened to me when I was in college, i had $450 in the bank, wrote a check for $430 for the rent, then the gas station charged 2 purchases from a couple of weeks back that I had forgotten about because I only used the banks webpage to check the balance instead of me doing it manually and was charged an overdraft fee for each gas station purchase and sometimes gas stations charge $1 before the entire purchase, so I was basically paying an overdraft fee for the overdraft fee. I had to go to the bank and beg for a refund which they gave me and I actually learned my lesson.

[@chrisbaker2669]

This is why saving a $1,000 is the first baby step.

[@MsArtemis01]

Chris Baker true. If for some odd reason my checking account doesn't have enough money, Bank of America take immediately take it from my savings account. I rather them do that then be charged an overdraft fee.

[@lizwick]

Chris Baker exactly!!

[@ImStuckInStockton]

This is definitely NOT why the $1000 is the first baby step lol. It is a benefit but he has done videos on why you need baby step 1 and overdraft protection is not mentioned at all

[@NiceOCGuy1981]

@@ImStuckInStockton yeah, what if you have an unexpected incident happen, like tramission failure, broke you arm, etc It will cost more then a $1000 to fix.

[@ImStuckInStockton]

@@NiceOCGuy1981 well then that would have nothing to do with my comment

[@supremevision631]

I wanna own a Bank.

[@GigAHerZ64]

SupremeVision you can. Just go to stock exchange and choose your flavor.

[@blackworldtraveler3711]

You should have bought shares of Visa and MasterCard 10 years ago when they were single digits.. Up several hundred percent and paying great dividends.

[@DocOrtmeyer]

@@blackworldtraveler3711 "great dividends" - ONE PERCENT.

[@blackworldtraveler3711]

@@DocOrtmeyer Visa pays over $850/mo. tax free in my Roth. My MasterCard is paying a little over $700 a month in Roth. Can’t complain.

[@DocOrtmeyer]

@@blackworldtraveler3711 A MONTH ?????? aren't their dividends quarterly ????

[@fleurelise997]

How does the bank justify a $35 charge? That's a heck of a lot of money!

[@gargoyles9999]

Fleur Elise how do people justify constantly bouncing cheques?

[@SunnyDoesLife]

Thats 3 days worth of groceries

[@mesoanto1031]

Michelle Sun 😂

[@mesoanto1031]

The banks are milk man They steal milk

[@chrismitchell6478]

My dad had a bill come out a day early, the money wasn't there, so they attempted to take it out another 5 or 6 times that morning, the company charged $40 / attempt and the bank charged $40 / attempt. Almost $500 later... Needless to say banks are crooks.

[@edermitt]

Did dad ever get any of the fees waived? He could avoid this sort of thing if he didn't play so close to the edge.

[@chrismitchell6478]

A couple of them. It would be nice if he could, he doesn't make much and life keeps happening.

[@ImprovementisGrowth]

and that's why I don't won't to have anything to do with checking account, a savings acct yes, but a big no to savings acct.

[@Iloveak123]

Pamela

[@chrismitchell6478]

???

[@praying4baby]

Hello, my name is Melissa and I used to be a Doofus 😁

[@havefaith8276]

praying4baby 🤣 oh my!! Glad you overcome it Melissa

[@thehouseofhoops]

Every single person has at some point.

[@hv9988]

@@thehouseofhoops ugh, I've never had the "spend more than I make" issue, but yeah. I've stupidly NOT pre-transfered enough money from savings to checking before writing a rent check or checking on it before my monthly fee comes out from checking and paid multiple $7 fees. My mom used to get so mad at me telling me I was just giving the bank free money with my carelessness and I would just shrug it off as a "mistake" and tell myself I'd be better next time. I've grown up since then... thank god.

[@Jemgirly]

Hi Melissa

[@mesoanto1031]

Hi Melissa

[@mjdee31]

Yes, its stupidity on the account holders part, lack of personal accountability. But it goes back to the old saying......"if you own a gun you can rob a bank, but if you own a bank you can rob the world"

[@prod.kcsimmons7221]

Gettodachoppah!!!!!!!! I haven’t met one person that has said that

[@ncatstate]

Waive/ Opt-out of having overdraft "protection" on your account. Some banks will allow you to opt-out but, they're not going to go out of their way to tell you about it because charging fees is how they make money. It's better to get a "decline" at the register and have to put something back than to get hit with overdraft fees. Pay your rent/mortgage check from a different account than your everyday debit purchases. This way you KNOW that rent/mortgage check is going to clear and not be mixed in with a bunch of little miscellaneous purchases. And of course, whenever possible pay with CASH. You can't overdraft cash money! You have it or you don't.💸

[@TheBlackDahlia13131]

Don't forget to ask for account spending limits. Perhaps it's because I have been the victim of "Prime Time " special levels of ID Theft, but I self imposed a lower spending limit on my account and any transaction above that and I have to call my credit union for them to issue a one time approval for a specific merchant and amount. It can be a bit of a hassle, but I would rather have to do that, than deal with the headaches of cleaning up after ID theft. Which, I'm still going through and I first caught it when filing my 2012 federal tax return. I also did everything right on keeping my ID safe, so don't think that's going to keep it from happening. Please folks, take heed and just put forth the small effort now and save yourself tons of time, money and stress later. Prevention is worth more than you think.

[@andrewhardy6182]

Many Banks do not support and parts of the banking system so not support preventing overdrafts and many that operate a work around to simulate that they do operate a buffer, which forces you to have an overdraft any way, charge you fees and also force you to have at least so much in your account which is bad for a vulnerable or disabled person that someone else is trying to help with money and independence. None really understands how out of the arc and inflexible for the vulnerable the banking system is!!

[@LittleHatori]

Agreed or get a debit card for shopping online. No possible way to go over.

[@thevrb1811]

I don’t allow these transactions with my bank but it has still happened a handful of times. Banks do what they want they know they are above the law.

[@Preservestlandry]

An nsf check has a higher fee than overdraft. (ACH payments can also come back nsf. Not everything gets a decline.) AND the merchant will also charge you a fee for nsf. They also try to run it through again... Another nsf fee. You also still owe the merchant for the item you didn't pay for. Obviously the best thing is don't write the check. 2nd best option is overdraft protection because it's less fee than overdraft, and the item is paid for.

[@JohnGrayFinance]

People need to stop paying for overdraft protection, or going with banks that even allow you to go over your actual limit.

[@roxannegordon6162]

There's a fee for overdraft? I had no idea. I have a big savings account and if I ever went over my checking account the back 'slides' money from savings to checking. It happened ONCE about a year ago. I was not charged a fee since it was my money. Wow. Things have changed!!

[@brantley2171]

IF YOU DON'T HAVE MONEY IN YOUR CHECKING ACCOUNT, DON'T WRITE A CHECK!

[@mikenelson8377]

Brantley not all Superheroes wear capes

[@Messiah38]

Brantley sometimes bank charge you a stupid monthly fee. My check account was recent closed. My Desert Schools credit union , charge 7.00 per month for having checking account, 5.00 if you don't use ur card buy something. Now I went back to my America express serve card with a checking and saving only charge me a 1.00 per month. Banks shouldn't be nickel and diming people, which drain their accounts.

[@racerx6]

Brantley, that makes sense, soooo most people today won't get it.

[@jbatmk]

cheque

[@jsmithmultimediatech]

Usually in the UK they charge for just having the account (there's ones with NatWest) but they usually give you perks, some (or most I'd hazard guess) people rarely ever use lol.

[@samanthagarcia1287]

As painful as it is to admit. I was once one of these idiots. Thank God I've learned my lesson and have refused to throw money away in overdraft fees or interest for that matter.

[@ericapedroza7067]

Amen👏

[@havefaith8276]

It’s really unfortunate because for some ppl they just think of getting what they want at that moment, some can’t even be bothered so they aren’t aware and wld just look at it as they will get a paycheck soon so it will cover it and the negative disappears. But then such can lead to a pattern of it repeating itself and then those unnecessary fees add up.

[@havefaith8276]

Congrats on getting out of that.

[@RAS4915]

I bounced a check once when i was 19. I paid for school books and miscalculated around $10 with a small local bank. I got a phone call from a collector who worked for the bank who acted like i robbed them. I was so embarrassed it never happened again. Bottom line is you need to plan all your purchases. If that means bringing lunch to work or making coffee at home verses going to Dunkin Donuts or Starbucks then that is what you have to do. It's your responsibility to budget, otherwise the banks make more money

[@bradjbourgeois73]

My little brother did this today and acted like it was nothing!

[@kevinjones6970]

the way he says things may sound harsh but he is 100% right. almost every time.

[@Musicienne-DAB1995]

After years of indulgence, I need some harshness.

[@briancoleman9330]

I used to be that way a while back. I literally was doing that every week being stupid. My bank would charge $35 every time. Doing some quick math, that was costing me $140 a month, $1680 a year. That's $1680 that I lost in one year, just for being stupid with my money. That's $1680 that I could have used else where, in buying a "new" used vehicle, investing in my retirement account, to go on vacation, to have on the side for a rainy day. Makes one think when they do the quick math.

[@Larry_M6790]

I did the same thing back in the 80 and 90s, I knew it would take about 3 or 4 days from time I wrote the check until it cleared my account. It's called "floating" lol.

[@Andrew-rs7tp]

I dont bounce checks but i do overdraft. It feels terrible. I feel like i lost in life everytime i see the $35 charge.😳😳

[@willedwards9293]

This is what he's talking about!

[@willedwards9293]

Your stupid

[@sergiorobles7169]

you have every year 4 overdrafts you can get back plus 1 courtesy. the way to get the od fees back is telling them you are unemployed or could deposit because of weather problems or illness. i worked for BOA

[@Janelleybean23]

This was the thing that motivated me to get my finances in order.

[@johnkoch7386]

@@willedwards9293 irony alert

[@dlofton7]

Nice rant Dave!!!! Common sense 101!!!

[@kad27]

I knew that this was gonna be painful when I saw the title of the video.

[@havefaith8276]

Keith Day 😁

[@ninaunderdue1430]

If you live in America AND If you have a bank account in America AND If you have access to basic phone service and Internet service.......... Banks today provide online and text banking that you can access on a DAILY BASIS to check balances and alert to the activity done on your debit card. Get it together. Stay out of overdraft land.

[@mrgilmore6953]

Yup, I've overcharged before by just a few dollars, but it was a few charges back to back so the fees multiplied. Things like this is why banks are rich

[@rustyscrapper]

The last time I paid a monthly bank fee I was 19 years old. Since then I keep the minimum balance. It used to be $1000 now it's $5000. I have a seperate emergency fund too. The minimum bank balance is the emergency fund of the emergency fund. Anything above that I pay off my mortgage early. In 2 years my 25 year mortgage is now a 16 year mortgage. And in those 2 years I lost my full time job, then got laid off several times and I have been doing temp work/ temporary contracts and still made triple payments on the mortgage while also renovating a rental property. I have done pretty good with some of the temporary contracts though, they just don't last and end quick. Currently I need $1000 a month income to pay all expenses and comfortably buy what I need. Above that is disposable/savings/investment real estate.

[@jamesspann4541]

Huh? Just my mortgage payment is 1700. You must live in a box and don’t eat food.

[@logicreignssupreme6301]

Logic is lacking in most people unfortunately!

[@gaudycouturist4856]

I leave debit card at home... only carry weekly cash allowance...was hard, but worth it

[@dogan6070]

Mr Dave, is the man he tells like it is I like that about him.

[@willianrosales3330]

There is more than one reason why that number is high, there are basic things like shelter, food and warmth that cannot go unpaid that are actually to blame for the vast amount of overdraft fees. Not everyone in this country is middle class. There are millions of people living in the brink of deep poverty and medical bills, medication expenses, even gas is enough to make people's accounts bounce. What's the other choice? Just don't buy the medicine you need to live? Just don't put gas in your car to get to work where you can make money to pay for rent and food? Just don't be poor, that's your reasoning? These commonsense ideologies shared here are what the system already operates with and they are the reason why every year the working class is paying more and more for being poor. Listen just breaking your foot can cause a person to owe thousands of dollars and having to miss work, and paying for medicine which gets more expensive every year. You live in a bubble and assume all people see the same situation. When you have to pay rent, you send the check even if it is going to bounce because the only other option is to be homeless.

[@lizz741]

LMAO. . .I used to play "beat the check" or "work the float" (the time between the pending period and when the item is a hard debit to the account)...I used to do payday loans as well until they were outlawed in my state. . .when reality hit me on the amount of money just being thrown away I had no other choice but to strive to get my act together. . .and just a FYI... some banks will as a courtesy refund some fees if asked and the activity is not chronic..let's get some of our money back...God Bless and Enjoy! ! !

[@Barada73]

This is why I always opt out of overdraft protection on my checking account. I don't want a safety net on my bank account, because it would be too tempting to take advantage of it. Which I have done in the past and I spent two months where my entire paycheck wouldn't even cover the negative balance in my account. When your bank account is overdrawn by $750 and your paycheck is only $600 and you've still got to find a way to come up with $800 to pay all your bills before the end of the month. It's one of the worst feelings in the world and I never want to go through that again.

[@SueEmmDee]

Well said.

[@DanCojocaru2000]

Huh. Never heard of overdraft. Around here, on the other side of the pond, checks were never really a thing and if you don't have enough money in your checking account, the debit card transaction just fails.

[@lmv2.787]

I got several over draft fees at the lowest financial point in my life. I really didn't know if I was going to be able to eat for the rest of the month. The struggle was real but I made it through. Now I can't imagine ever over drafting on any of my accounts. Sometimes the hardest situations provide the best lessons.

[@bekiro28]

Hey Mr Dave Thank you so much for changing the way i look at the life and my finances i have learned a lot from you in the last couple of months i won't do any more stupid stuff in my life with the knowledge you have thank you god bless guys like you thank you

[@mr.raslyon6626]

Don't overlook that the banks were holding purchases and posting out of order on purpose. I watched them do it to me, and got away from that bank quick!

[@PardonMyFlyness]

bingo. that what thing that gets ppl. you gotta write or take a mental note of your balance. the bank is not your friend.

[@gregoryjean5775]

😲 I laughed so hard I cried 😢 new level of stupid preach uncle Dave

[@alexeivoncarstein8286]

Seize control of your finances and really dig your claws in

[@DivInv]

Open account at Ally. No minimum deposit, no minimum balance. 1.15% compounded daily on the saving account.

[@MegaSandy003]

Pawel P 1.90 now

[@fleurelise997]

Thanks for sharing this.

[@georgelopez344]

Compounded daily?

[@TheePrettyGirlSwag]

Kudos for banks like SoFi & Chime. I think the banks, back in the day would hold pending transactions so you couldn’t see them to balance your account later. Crestar was a prime example.

[@alisongoldsberry8657]

You're killing me. I love how real you are. It's us not that long ago. Keep being honest! @TheDaveRamseyShow

[@Georgeqaws]

Another reason not to use cheques.

[@ccostly469]

not milking mee😂 count on that!

[@ittakesavillage5461]

You wonder who they are really protecting?!?! Ummmm..... the consumers. Do you want them to protect the banks?

[@Nilonimir]

I learned this lesson when I was nineteen. I hate using banks now. If I go to one I always ask about the fees and if it’s a day by day thing or a one time Charge.

[@666dynomax]

I did the math on paying 20 bucks a month for bank fees. 20 a month invested at 10% for 45 years is $209000. Guy at the bank where my mortgage tried to get me to move away from my free online bank free cheques free e-transfer unlimited ATM and interac since I graduated in 2002 and they wanted to Charge me bank fees. That's crazy. Why do people pay banks

[@Commonmomhomeschooler]

Preach it

[@Painfulwhale360]

One of the reasons we left WF and switched to Simple. No fees AT ALL.

[@DeezNuts-]

Or just set up the bank account without overdraft protection so that your card declines everytime you attempt to charge more then is in the account

[@drewbailey8550]

That's why I still balance my checkbook. The good old fashioned way with pen and paper in a transaction book. I'm only 24 and all my friends act like I'm a dinosaur. But ya know what? I've NEVER overdrawn my account. EVER!

[@Musicienne-DAB1995]

If your friends are laughing at you, that's a clue that you're on the right track!

[@thisisheaven2488]

I totally agree with Dave here. Overdraft fees strictly apply to checking accounts aka CASH. They are charging you money for them allowing you to go into the negative to purchase whatever.... and part of their money (the bank) is used to complete the transaction so they have a right to charge you an overdraft fee. Bottom line... be responsible.

[@DMaster81]

"If you dont have the money to buy it dont buy it" - thats why dave gets paid the big bucks right there

[@arthurslavit4033]

“It’s a lack of self control and a lack basic organization” *MY ADHD GO BURRR*

[@mjdsr3100]

My first bank was USBank. I had an account for 3 months until they charged me an overdraft fee, which was not specified while signing up. I figured I cant spend money I dont have without a credit card, not a debit card. I quick the bank soon after. Transferred to Wells Fargo, and shockingly enough they waved the first 3 overdrafts for free, fallowed by canceling the possibility of spe doing over in said account. Odd banks dont have such a simple option.

[@checkfoldcallraise]

I probably contributed $70 to that 15b. 😂

[@QueenStylin]

I used to be the Queen of overdraft. ☹️☹️

[@shawndennstedt5898]

Cleveland Brown called...

[@MelissaEdwards86]

This is why I don't have anything (except $8.99 for Netflix) on Autopay. I want complete control over when I pay so that I know I have the funds. Haven't overdrafted in years.

[@michaelfleming40]

Yeah Dave, I gotta put my boots on. It's getting deep. 😆

[@mp330600]

I have never paid a fee to a bank for anything. All you need to do is know the rules of the accounts you have and live with them. Balance your check book and don't use your debit card for anything except cash at your bank.

[@davidwooten3430]

You can elect to turn off overdraft so your check or debit card just denies the purchase

[@pip3848]

About 15 years ago I went over by £1.20 and the bank charged me a £35 overdraft fee + £1 per day till I next got paid which was 5 days away, I paid back £41.20 on a £1.20 overdraft.

[@ZMagic121]

I used to be one of those idiots that would overdraft my account all the time. The worst was getting your direct deposit and immediately being broke because the bank took your whole paycheck for overdrafts. But now I'm a much more financially savvy, and haven't had an overdraft in years.

[@dixiegirl999]

No wonder corrupt banks are getting richer. I watch every penny & it's been decades since I bounced a ck. When I was younger, it cost $18 per bounced ck, now $34?

[@lexusrose8540]

Hahaha! Lol 😂😂 everybody needs to get on rice and beans..beans and rice!

[@Rocioslane]

Lol you sound like an immigrant mom when you call fiscally irresponsible people "stupid". Maybe that's why I love this channel so much 😂

[@willedwards9293]

Are you single?

[@hv9988]

@@willedwards9293 HAHAHAHAHAHA, OMG. You think someone would give you the time of day over KZbin?!?! HAHAHAHAHA xD Edit: the youtube comments section at that, sheesh. You made my day dude.

[@hv9988]

@Rossygrossy !!! He does!! :)

[@triad6425]

Yes Dave we do need a class. I know a girl that whined about doing a budget for over two years saying that it won't make a difference in her life. She is always cash strapped while making 56k/yr now 72k. She finally listened last week guess what she discovered? She going out every month for the past 3 years she has been passing $150 every month in over draft fees.

[@gn6300]

I opened a checking account for my teenage son, his account was for him to see his money grow. The cards looked exactly the same, so somehow I used his card, and this is what I found out: If I make a small purchase approximately

[@Jemgirly]

This is why you cannot rely solely on online banking if you're going to bank with a bank that charges overdraft fee$. If transactions don't post on time, they disappear like magic and then reappear days later. This makes it easy to spend money you already spent without realizing it. Only keeping a written ledger of all your transactions remedies this!

[@ivyl4655]

Just simply opt out of overdraft protection!

[@DozIT]

I’ve been changed two overdraft charges in 8 years (at $40 each) I was able to have both reversed however both were my fault for stupid oversights as I don’t normally use my debit card at POS so “assume” the money is there for my monthly withdrawals.

[@dianeschenkelberg8270]

Don't people balance their checkbooks anymore? I don't have anything on autopay, so I know where my money is coming from and where it is going to. I keep tabs on my balance to the penny - every month and often every week or day!

[@Timetrae]

I have certainly had my share of overdraft fees. Although I have the app on my phone and check it constantly I can't seem to understand why the balance is never true!! If I am watching everything get deducted .... and it shows I have $8 left and I spend $5 ..... how on earth do I check the next day and I am $6 negative?????

[@ittakesavillage5461]

Timetrae sounds like it would be better if you used the envelope cash system.

[@Timetrae]

Amanda Johnston you’re absolutely right!!

[@jaydendsin7350]

The reason why is because when you swipe, some places take up to 3 days to go through with the charge so you swipe, the money doesn't get taken out, and you think you have that money and then they take it out. That's how you overdraft. I bought an app called My Budget Book. About $3 and I put in the charge to my account when I swipe so even if my bank says I have the money, my budget book tells me different so I'm at least more cautious. It's not connected to your bank so you have to keep up with it.

[@switchtalent123]

I’ve never overstated my account The worst I’ve done is try to go over a self imposed purchases limit on my debit card......

[@Jeepjones85]

My bank charges 35$ before we started his budget program we were being “hopeful” that things would work out. But it never did. We probably got 3-5 od per month

[@brookswoodward7278]

I really dont know if people who overdraft like this truly understand. It seems like a simple concept but my very short stint as a teller I saw this first hand. Education is important whether it's from the parents or the schools.

[@katieadams5860]

If your going to go into debt, use a credit card, not overdrafting

[@katanderson22]

I've seen kids buy candy bars and gas station pops while not have sufficient funds. That buck candy bar would end up costing that kid his whole next paycheck.

[@havefaith8276]

Kat Murphy oh my goodness and that’s just them not caring about keeping check of their balance and not caring about anything else but to get what they want at that moment.

[@allenwatkins4972]

It's not stupid collect the fees. It's stupid to owe them.

[@dianekiki9651]

And I know many ppl who thinks the banks are at fault. Dave is right, stop spending more than you have

[@ittakesavillage5461]

The CFPB does a lot Dave

[@ilikestuff8218]

No the problem here is that people enabled Overdraft "Protection". That feature doesn't protect you from overdraft but rather allows you to overdraft.

[@gmualum08]

I never bounced a check in my life because I tried to understand how banks operated and made sure I beat the system. Meaning I always made sure I had some money in a savings account that was linked to my checking account so in the rare chance I did go over it would be a small fee (if any depending on the bank). You can also opt into having the transaction canceled entirely if you don't have enough balance to cover it. Talk to your Banks ppl and understand how they do business. Knowledge is power and will save you tons of $$$

[@suezotiger]

Bounced a "check" to myself by accidentally transferring money between my two checking accounts in the wrong direction. Them adjusting my accounts to reflect my actually funds ended up costing me 3 days of hardship because they accidentally "adjusted" an additional 5000 dollars from my checking account.

[@ryangray600]

Tbf just don’t spend what don’t have 😂

[@donaldrichey3318]

There was a time when you had “float” the time between writing a check and the time it clears, could be a couple of weeks because it was done manually at check clearing houses. Now it’s done electronically. I wrote a check to a contractor that cleared the same day, we used the same bank. Be careful

[@ZMagic121]

Like Dave says. You buy stuff you don't need. With money you don't have. To impress people you'll never meet. (Or don't like.)

[@russellseilhamer4552]

It’s all about keeping track of every transaction. I hate banks but their online banking apps allow you to keep track of every transaction. Usually there’s one or two transactions that haven’t been sent through to the bank yet so you still have to match the tally you have in your head with what the online app says your balance is. The tally in your head should match or sometimes is less than what your online app says it is. Go with the smaller figure. And always remember that little BS transactions at convenience stores every day add up and don’t spend any money you absolutely don’t need to. Watch everything you spend

[@patrickbroyer5518]

It's not that simple. You balance your checkbook, everything checks out. You double check by stopping by the ATM machine and checking your balance you've got $101. You use your debit card to gas your car $20, buy a can of dog food $2, buy a hamburger $1. You just racked up $70 in overdraft fees because the gas station put a $100 hold and won't release it till the end of the week.

[@zandrarose2258]

Ever since I formatted my checkbook on Excel I never bounce a check. I know where every penny goes.

[@maxinef6654]

“Beat the check”...Wow the good old days. Back then you could write a check and it would take days before it hit your account.

[@mesoanto1031]

Writing a check is the worst there is a delay between 👉holding the check then 👉 cashing the check 👉 then the account balance.

[@hey_buddy_waz_up]

Shows how fiscally irresponsible we are as a nation.

[@jjmcwill1881]

Shows how corrupt the banks are,

[@therominator8709]

Rule number 2 Banks are for profit. Credit unions are for people. I go to one bank and they are not trusted with more than one job.... Holding my money in my savings account until I come in and withdraw it. ALL my normal transactions go through credit unions. The sooner you accept that banks cannot be responsible enough to handle your money for ANYTHING more than a savings account, the sooner you will get your mindset right about how to handle your finances

[@thevrb1811]

I wonder how much of this would go away if banks were honest and didn’t have intentionally slow and non functioning methods of keeping track of your money... but of course the week long and Holiday delay transactions never seem to work AGAINST the banks favor... so strange

[@tywill8983]

I'm tired of paying these fees and giving away my hard earned free money

[@joshuawebb3337]

15 billion that's big wall st type numbers.

[@randomvideosn0where]

I feel terrible watching my dad swipe 3 cards that get declined, I saw his debit card statement once and he had 6 overdrafts on the first page. The thing is if he suddenly had a million dollars, he would soon be broke again so I figure best I can do is save my money and take care of him when I'm older and wealthier.

[@dg7729]

Pappa Dave " this is ridiculous"

[@biancailijah6068]

I saw this video title and thought he was going to trash talk the banks for over charging us but instead he’s calling people out for being stupid enough to let that happen😂😂

[@jimeiden2360]

I had $$ in my account but because I didn’t have $5,000 min balance, the fees put me in the neg. I didn’t write a check. Simoly bank fees put me in neg. I’ll be closing this account. My other bank has no min balance & reimburses atm fees. Thanks Jamie Dimon. You’ve gouged me enough.

[@timlist4173]

Use Cash, no overdraft. EVER. Use a budget to pay the bills and control your money. if you cant get the outgo down below your income, then get an additional job, YOU DO NOT NEED ESPN.