🚀 go-pugleaf

In article <3nga94lshqv5qsia8eaiav42ssp56eogod@4ax.com>, 
scottenaztlan@yahoo.com says...
> In message <betatron-C1F9F4.10172802082008@news.ftupet.com>, max
> <betatron@earthlink.net> wrote:
> 
> >In article <1op894dlug579ta3lscglk4evv7c9veoul@4ax.com>,
> > Scott in SoCal <scottenaztlan@yahoo.com> wrote:
> >
> >> Punitive fees are a standard method of training in our society. You
> >> violate the law while driving your car, you pay a fine. You pay your
> >> bills late, you get charged a late fee. You fail to properly manage
> >> your checking account and bounce a payment, you pay an NSF fee. For
> >> most people this is a learning experience: a little bit of pain
> >> teaches them to pay more attention and they at least TRY not to do it
> >> again. 
> >> 
> >> So basically what you call "fucking people over" is actually a
> >> valuable educational experience, one which I approve of 100%.
> >
> >You are simply wrong.  The "NSF" fees of today are not the NSF fees of 
> >20 years ago.   They are a carefully engineered series of tripwires 
> >designed to extract the maximum amount of money possible.   
> 
> Sure, what used to be purely punitive has evolved into a profit
> center. But that fact does not lessen the educational value; if
> anything, the higher cost makes the lesson that much more memorable.

Some people learn from pain, some by the threat of pain.  Some never 
learn.

> >That is why banks shuffle incoming transactions so that the biggest ones 
> >hits first: it increases the likelihood that if there will be NSF, that 
> >they can generate a bunch of them based on little overages instead of 
> >one bigger one.   That's why a bank will process a debit the day it's 
> >recieved (but only at the end of the day so it can shuffle the deck), 
> >but hold your deposit for the max allowable by law. 
> 
> Smart people will also shop around for the best banks. For example, my
> Credit Union doesn't place a hold on the checks that I deposit.
> However, I never depend on that, nor do I depend on them not sorting
> my debits by size before applying them.

I continue to be surprised at the number of people who insist on 
using commercial banks for every day banking.  CUs are almost 
everywhere, though we still use one from where we lived three moves 
(15 years) ago.  

-- 
Keith