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A comment on Payday loans are coming for everyone. Parent comment

Re:Payday loans are coming for everyone by planteen on Wednesday September 19, 2018 @04:01PM (#18027242)
> The benefit for a daily payment is pretty low compared to the costs.

Agreed. I can't imagine having to balance my checking account with a daily transaction. It would be much harder to catch an error or a one-off when you didn't get paid too. Is my mortgage going to start deducting daily too? Both those things seem insane.

Also you are limited to 6 ACH transactions a month to a savings or money market account.

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Re:Payday loans are coming for everyone by gergles on Wednesday September 19, 2018 @04:51PM (#18027604)
> Also you are limited to 6 ACH transactions a month to a savings or money market account.

You're limited to 6 withdrawals, you can make as many deposits as you want.

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