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RE: Decentralization and the infinite banking concept; Part one, can the tools used by banks be used by consumers to achieve financial freedom and prosperity?
The monthly service fees, transfer fees, early withdrawal fees, money transfer fees
Overdraft Fees! D:
“fraction of
baking”
I don't want a piece of the pie!
I want the whole thing!
Sounds like you're going to be using Ethereum a lot in the future. They don't have much now, but the DeFi niche is stronger there than anywhere else.
It is very interesting how we can use their own tactics against them.
Cheers.
Overdraft fees are an incredible theft and source of revenue. When I first left home I had an overdraft. The bank declined the check and returned it to the vendor. I got the notice in the mail and went down to the bank. In the two days or so it took me to get the notice not only did they charge me the overdraft fee the first day, but the overdraft fee exceeded my balance also, so they charged me an overdraft on the overdraft fee every day until I went down there. I had to pay them four overdraft fees! I was “fit to be tied” so angry my friend had to calm me down. Banks...gotta tolerate them and learn how to Out bank them.
I've never had any problems at the bank.
My experience with credit unions has been stellar.
Heard plenty of horror stories to the contrary though...
Seems like the bigger the bank is, the worse the service.