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Originally Posted by tw
To this day I will never understand why anyone would want a debit card. Your accounts are exposed - near zero protection. A debit card is all advantages to your bank - no vallue to you. Demonstrated here is why debit cards are nothing but problem. And so I ask, why would anyone use a debit card - not use a credit card?
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Because, tw, my long illness had the effect of destroying my credit among other things. No entity will now give me a credit card. With my current difficulty remembering spatial things correctly (including numbers), it seemed like a debit card would be the way to go. The bank led me to believe that I would get a transaction denied screen once I dropped to the magic -$100.00 point. Well, they lied. Lied to my very face. They don't consider me credit worthy enough for a credit card, but I am credit worthy enough to become $340.00 overdrawn with all the standard fines, fees, penalties and accessments. They can make beaucoup bucks off the people like me that way, so why should they extend us credit?
At this point, I am seriously thinking of going on a cash only basis.
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Originally Posted by Jebediah
Your bank probably sent out some insert full of tiny print saying they were allowed to do that.
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No, by the admission of one of their own tellers, they did NOT! "We NEVER tell anyone about that."