Americans are spending billions on stuff they forget to cancel

Re:Americans are spending billions on stuff they forget to c... by jjav on Friday January 19, 2024 @05:23PM (#39062142)

> Not sure which discussions you call "petulant" but banks high-to-low ordering payments is predatory against people who lack liquidity.

Indeed, and as the article also mentions, banks will intentionally maximize the number of overdraft fees by reordering transactions in a way that causes most pain. This should not be legal.

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Re:Americans are spending billions on stuff they forget to c... by didgetmaster on Friday January 19, 2024 @06:26PM (#39062819)

I have heard of this, but was always unsure if it happened in real life. An account with $100 in it has 7 checks against it come in the same day (six for $15 each, and one for $90). If they processed all the smaller ones first only the larger check would incur the overdraft fee. But if they processed the largest one first, all the smaller ones would trigger a separate fee.

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