My sister used to do this with Target.
She was always overdrafting her accounts to the point where my dad actually had to go pay Bank of America $200 to close one of them for her, so she decided ‘fuck banks’ and would just spend her entire paycheck at Target. Whenever she needed cash she would head to Target and return some stuff.
It’s interesting how he somehow manages to have money when he “banks” one way, but constantly overdrafts when he “banks” another way. It honestly sounds like he has difficulty with money management when the money’s in an abstract form, such as a checking account. Having physical cash on hand is a lot easier to keep track of.
I, too, have dealt with that problem. But my solution was to carry a limited amount of cash on me and leave my debit card at home. I mean, I’m glad he found a method that works for him. I’m just concerned he’ll be SoL when the transition to digital-only games renders physical GameStops obsolete.
Wait so he has to pull his money out if the game comes out, before he actually gets charged for it? If he waits too late then he has to buy it and gamestop gets a cut if he returns it.
I’m pretty sure the purchase only goes through if you go instore to buy it at release time
Otherwise they’ll release the stock held for you and refund your deposit
So OP is actually a genius. Except if you put money in a bank, it grows some money. Also it’s insured, I wonder how stringent the protections are if GameStop was to go bankrupt and take the money with them.
No, he’s stupid. Gamestop could change their policies at any time making deposit refunds store credit only. Gamestop could go under and he wouldn’t be FDIC covered. Can’t emphasize enough the store credit policy switch which they’d do just in response to him.
There’s none. They would owe him money, so he’d have to get in line with all the other creditors to request that the court prioritize his debt over someone else’s.
“I kept overdrafting my account even though I opted out”
Is this some SovCit shit where they think “opting out” of the terms of service for their bank account is an option?
I was able to opt out of overdrafting here in Germany, so instead of going negative it just declines.
No, there’s a US law now where they have to allow you to opt out of overdraft “protection”. They just decline the transaction but don’t charge you any fees.
If only they didn’t charge fees. My bank charges an insufficient funds fee that’s conveniently the same amount as the overdraft protection fee. So my options are eat the fee and get my stuff, or eat the fee and not get my stuff.
I’m not entirely sure this is legal, but I was told directly by a representative that these were my options. It’s quite literally a poor tax.
Just curious. Why not just get a different bank or credit union?
Mentioned in another post, but I don’t qualify for many credit unions beyond my local one that I currently use. I’ve used a few different bank options, but none of them have really been any better, and usually worse.
Your current one as in, your credit union is the one charging you these “insufficient fund” fees?
I’m admittedly not educated in the law of banks and credit unions, but I have a feeling they aren’t meant to be doing that… not that the little man like you or I could do much about it 🤷🏾♂️
Yeah, like I said, not entirely sure it’s legal, but that’s the boat I’m in. The other banks did the same shit, charged me more, and offered me worse rates on loans. At least this one spits on it before going in.
That’s rough buddy. Time to get a fake identity and open an account in a different state with stricter banking laws
Dude you need a new bank, or credit union, or GameStop.
An insufficient funds fee!?! Fuck me, America.
Yeah, when I look into a new bank for whatever reason, the first place I go is the fee schedule and I look for BS. Most big banks have a ton of BS in there, so avoiding them is usually sufficient if you don’t want to read a table of fees.
Just don’t be poor. Those bootstraps are there for a reason.
Since I opted out of overdraft protection several years ago with my credit union, I’ve never been charged insufficient fund fee. Sounds like banks are doing shady/shity things to their consumers again. When will people learn to leave banks and go to a credit union that cares about their people before profits?
I love that last line that shifts the onus of responsibility to the consumer.
Really, though, I’ve gone through a few banks, and am current with a credit union. They’re better than what I got with the banks, but they’re still shady, still wont to charge whatever fees they can get away with. There’s very little oversight, and in a lot of cases you’re kinda stuck with what you get.
Well capitalism only works if we let it. Don’t want micro transactions in games, stop playing them. Don’t want stupid fees, don’t use them. They only way they learn is to hit their bottom line. The government isn’t going to fix it, as we have learned over and over again they are ran by oligarchs. Anything that makes them more money they will do.
They mean opting out of overdraft protection. Banks typically allow you overdraft protection, where instead of denying your sale at point of sale, they’ll pay it, charge you a fee, and let the transaction go through.
If you opt out of overdraft protection, it should instead deny the sale, and you don’t get to buy whatever. At my bank, they do this and then charge an insufficient funds fee, which is the same as the overdraft fee. It’s bullshit.
1 vote for brilliant
Video games=paper money=chickens. I’m surprised he’s telling people where his gold is though, that rarely works out well.
Wouldn’t it be more clevererer to go straight from video games to chickens? Like, go to your steam account and get refunded in nuggies hand-delivered by Gabe? Why no one thinks of this, it’s like I’m surrounded by retards
The only difference is charisma and since this is a 4channer we are talking about, it’s not hard to guess which they are
