Actually, you can do that with any account that offers "overdraft protection". Overdraft protection is really just a scam to charge you a fee when your card should really be declined. Banks make a large majority of their profits from overdraft fees. Call your bank and request overdraft protection to be taken off of your account. It will save you a lot of money. Most people don't realize this can be done. The only bad thing is if you get stranded and don't know that your account is empty, then you will not be able to charge your card. If you are responsible about your account though, then there is no need to have overdraft protection.
i don't get how it is a scam.. it is declined when there is no money into the checking.. companies like beauty fix charged me twice already but got declined cause i usually don't put much money into my checking (b/c it's mainly in the savings).. and Chase didn't "charge me a fee" at all.. plus how would you NOT know that your account is empty? -___-" lols that's so stupid.. especially that last line. BUT everyone thinks differently; i guess.. HAHAH
I think you misunderstood what I was saying... Overdraft protection is when the bank pays your bill at the store even though you don't have money in your account. This is the reason why they charge a fee. It's usually around $35. You can choose to remove this "protection" and your card will just be declined when your balance is zero (which appears to be what you have opted for) instead of the bank covering your charge even though you don't have the money in your account. Many people are not aware that they can opt out of this "protection" and just have a declined debit card. If you had had overdraft protection on your bank account, then beauty fix would have been able to charge you and you would have gotten charged the overdraft fees. And actually my last line was not stupid at all. Banks make billions of dollars off of overdraft fees because people didn't know how much money was in their account. Do a small amount of research to see the amount of money banks make from these fees. Hopefully that clarifies things for you.
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Dalisay said to me, "Thats pretty good bank you got there :]"Originally Posted by parisnicole1989 /img/forum/go_quote.gif
I think you misunderstood what I was saying... Overdraft protection is when the bank pays your bill at the store even though you don't have money in your account. This is the reason why they charge a fee. It's usually around $35. You can choose to remove this "protection" and your card will just be declined when your balance is zero (which appears to be what you have opted for) instead of the bank covering your charge even though you don't have the money in your account. Many people are not aware that they can opt out of this "protection" and just have a declined debit card. If you had had overdraft protection on your bank account, then beauty fix would have been able to charge you and you would have gotten charged the overdraft fees. And actually my last line was not stupid at all. Banks make billions of dollars off of overdraft fees because people didn't know how much money was in their account. Do a small amount of research to see the amount of money banks make from these fees. Hopefully that clarifies things for you.
I believe part of the financial regulations reforms was that you now have to specifically opt in for this because of the large number of people who had *no clue* that these fees were happening until they were hit *hard*. I remember my credit union making a big deal about how you had to opt in if you wanted it when this all went down, and they made really, *really* sure that you knew that if you didn't opt in, then you stood the chance of having a charge rejected due to lack of funds. They never mentioned that one of the entirely possible scenarios is that the transaction in question could be at Starbucks, in which case: Congratulations! Enjoy that $40 mocha. I opted out because I do agree that it is just a scam, but my CU still has a deal where they will transfer money from your savings account to your checking account in increments of $100 if your checking account is too low. They only charge $5 for this, though, and since I refuse to use any ATM that charges a fee, not to mention the fact that they charge no other fees aside from check printing (not check *processing*. Just providing you with a box of checks), I consider it an acceptable fee.Originally Posted by parisnicole1989 /img/forum/go_quote.gif
I think you misunderstood what I was saying... Overdraft protection is when the bank pays your bill at the store even though you don't have money in your account. This is the reason why they charge a fee. It's usually around $35. You can choose to remove this "protection" and your card will just be declined when your balance is zero (which appears to be what you have opted for) instead of the bank covering your charge even though you don't have the money in your account. Many people are not aware that they can opt out of this "protection" and just have a declined debit card. If you had had overdraft protection on your bank account, then beauty fix would have been able to charge you and you would have gotten charged the overdraft fees. And actually my last line was not stupid at all. Banks make billions of dollars off of overdraft fees because people didn't know how much money was in their account. Do a small amount of research to see the amount of money banks make from these fees. Hopefully that clarifies things for you.
Also especially if you have automatic payments set up for bills.
she state responsibility in her post.. with responsibility, don't you have to keep track on your $$$? anyways, this is my last comment about the whole bank and money stuff
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Originally Posted by viccckyhoang /img/forum/go_quote.gif
she state responsibility in her post.. with responsibility, don't you have to keep track on your $$$? anyways, this is my last comment about the whole bank and money stuff
Probably for the better. I think this thread lost you about ten comments ago.Originally Posted by viccckyhoang /img/forum/go_quote.gif
she state responsibility in her post.. with responsibility, don't you have to keep track on your $$$? anyways, this is my last comment about the whole bank and money stuff
never intended to be rude and i apologize for that :]
...about Beauty Fix boxesOriginally Posted by zadidoll /img/forum/go_quote.gif
So what was the original topic about?
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Thanks, I know they've replaced a spilled item from my Summer box but I kind of don't want to take a chance on getting another dried out mascara, but I will contact them later today
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