*♥NashvilelGirl4Life♥*
2007-02-15 11:49:40 · 14 answers · asked by Anonymous in Entertainment & Music ➔ Polls & Surveys
To put you further in debt to them is the only reason I can think of.
2007-02-15 11:51:54 · answer #1 · answered by Donna T 6 · 1⤊ 0⤋
My bank messed up when i was abroad, because they couldnt keep up with withdrawels, so i got a letter a bit like this:
basically:
Dear Mr Bowe
there wasnt enough money in your account to pay the £20 phone bill......
So you have been charged £30 (which the bank then took out of my account)!!!!!!!! Ar*eholes. got it sorted after a mahoosive ballache of 10 phone conversations!
2007-02-15 19:56:26 · answer #2 · answered by chrisbowe82 4 · 0⤊ 0⤋
Because they are banks and thats how they make money and stop people from spending money they don't have. The same happens basically for credit card except they charge interest rates.
2007-02-15 19:55:05 · answer #3 · answered by Anonymous · 0⤊ 0⤋
so they can make a few bucks to pay that crappy .0005% interest they are giving you LOL I guess to "save you the hassle of getting declined or a check sent back" only time I ever had that charge it was the banks own damn fault! Like if I give them $500 cash why is it Not available for immediate withdrawal?
2007-02-15 19:56:00 · answer #4 · answered by ChrissyLicious 6 · 0⤊ 0⤋
because you are trying to draw money out of an account when there isn't any money...now adays they just pay it under a certain amount and charge you a fee or how I see it..a loan fee for paying it for you even though you don't have any money
2007-02-15 19:53:06 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Because you should be smart enough to make sure you have the money before you spend the money. It's your responsibility, they just hold it for you.
2007-02-15 19:55:13 · answer #6 · answered by lamonross80 2 · 0⤊ 0⤋
They are agreeing to cover your expense that is overdrawn. In return, they charge you a fee (usually a flat fee or sometimes percentage based) in order to recoup their losses.
2007-02-15 19:52:18 · answer #7 · answered by peersignal 3 · 1⤊ 0⤋
my piggy bank never charges me fees, and when i get excited about something i want to buy from the store, i just crack that mother open
2007-02-15 19:53:25 · answer #8 · answered by fujiyakai 2 · 1⤊ 0⤋
Something tells me they also own stock in blood pressure medication companies...?
Banks really are legalized theft institutions, lets just face it.
2007-02-15 19:52:28 · answer #9 · answered by Noone i 6 · 1⤊ 0⤋
They do it to screw up your credit records,for life,wait until money magically disappears from your account.
2007-02-15 19:54:18 · answer #10 · answered by Anonymous · 0⤊ 0⤋