▲ 217 ▼ Venmo overdrafted my bank rather than use the balance in my account (lemmy.world) submitted 1 year ago by andros_rex@lemmy.world to c/mildlyinfuriating@lemmy.world 48 comments fedilink hide all child comments I had $50 in venmo, which I used to purchase groceries, because my bank account is currently negative. Instead of using the $50 in my bank account, instead, a week later the $50 came out of my bank account, not touching the Venmo balance at all. So now I have an overdraft fee, effectively meaning I paid 1.5 times for those groceries. I don’t have “overdraft protection,” I’ve told my bank I don’t want overdrafts to go through, but fuck me for being poor I guess.
[–] lmmarsano@lemmynsfw.com 1 point 1 year ago (1 child) More than maybe one. Some also accept deposits through stores. I've never used them or needed to. It was easy to adapt away from cash, and I prefer the safeguards of credit & mobile pay. permalink fedilink source parent hideshow 2 child comments replies: [–] A_Random_Idiot@lemmy.world 2 points 1 year ago (1 child) No thanks, I prefer cash. Credit cards and debit cards can be disabled at a whim. Prone to being fucked up by computer error, don't work when the internet is down, or during a disaster with no power. Cash always goes through, though. Cash will always remain king. permalink fedilink source parent hideshow 2 child comments replies: [–] lmmarsano@lemmynsfw.com 1 point 1 year ago* (last edited 1 year ago) Credit cards and debit cards can be disabled at a whim. Prone to being fucked up by computer error That's the beauty if my card goes missing, I can lock it unauthorized charges can be reversed I'm alerted of any charge immediately. Plus, they extend warranties on purchases & provide purchase protections. don’t work when the internet is down, or during a disaster with no power. Unless you carry around a large supply of cash at all times, you'll be in the same bind withdrawing cash: ATMs & account ledgers run on power & networks. Cash always goes through, though. That's a problem: anyone can use my cash without authorization. If they steal it, I have no way to disable it, and it's more difficult to recover. If I lose it, it's most likely gone. Cash will always remain king. Not in terms of security or recovery. I could withdraw cash & carry it around, but then it won't earn high interest. permalink fedilink source parent
[–] A_Random_Idiot@lemmy.world 2 points 1 year ago (1 child) No thanks, I prefer cash. Credit cards and debit cards can be disabled at a whim. Prone to being fucked up by computer error, don't work when the internet is down, or during a disaster with no power. Cash always goes through, though. Cash will always remain king. permalink fedilink source parent hideshow 2 child comments replies: [–] lmmarsano@lemmynsfw.com 1 point 1 year ago* (last edited 1 year ago) Credit cards and debit cards can be disabled at a whim. Prone to being fucked up by computer error That's the beauty if my card goes missing, I can lock it unauthorized charges can be reversed I'm alerted of any charge immediately. Plus, they extend warranties on purchases & provide purchase protections. don’t work when the internet is down, or during a disaster with no power. Unless you carry around a large supply of cash at all times, you'll be in the same bind withdrawing cash: ATMs & account ledgers run on power & networks. Cash always goes through, though. That's a problem: anyone can use my cash without authorization. If they steal it, I have no way to disable it, and it's more difficult to recover. If I lose it, it's most likely gone. Cash will always remain king. Not in terms of security or recovery. I could withdraw cash & carry it around, but then it won't earn high interest. permalink fedilink source parent
[–] lmmarsano@lemmynsfw.com 1 point 1 year ago* (last edited 1 year ago) Credit cards and debit cards can be disabled at a whim. Prone to being fucked up by computer error That's the beauty if my card goes missing, I can lock it unauthorized charges can be reversed I'm alerted of any charge immediately. Plus, they extend warranties on purchases & provide purchase protections. don’t work when the internet is down, or during a disaster with no power. Unless you carry around a large supply of cash at all times, you'll be in the same bind withdrawing cash: ATMs & account ledgers run on power & networks. Cash always goes through, though. That's a problem: anyone can use my cash without authorization. If they steal it, I have no way to disable it, and it's more difficult to recover. If I lose it, it's most likely gone. Cash will always remain king. Not in terms of security or recovery. I could withdraw cash & carry it around, but then it won't earn high interest. permalink fedilink source parent