Well we use cards here, mostly debit, if you try to pay for something or withdraw that’s over what you have the transaction simply fails.

The US system is like living in cavemen times.

if you make a transaction for example through online banking and you don’t have the money needed, it will sit there for a while waiting for money to arrive then it gets cancelled if money doesn’t arrive in time.

I’m curious about these places without overdraft fees. How far in the negative do they allow you to go?

None. None negative. They’ll deny the transaction or NSF the check if there’s not enough in the account to cover it.

Dude, there was a systemic failure, the banks were deregulated, then the rating agencies misrated loans to keep making money.

Blaming individuals for “not reading the fine print” is just another form of bootlicking/victim blaming

what a corpo bootlicker, big oof.

I mean if you did withdraws down below the amount in your account and then paid overdraft fees, who’s fault is that? If you want to spend money you don’t have use a credit card.

Lol bro what primitive money grubbing system is this? I am always aware of my bank balance via an app (UPI, India).

This should be obvious: Transactions should fail if there’s not enough balance. No overdraft bullshit.

Yeah, but I don’t have to do calculations and remember how much balance I had to avoid going into overdraft because:

1. The bank balance is available on my phone with the press of a button (UPI)
2. The bank doesn’t allow me to have -ve balance by spending non-existent cash (Duh!) on my savings account.
3. We have something called savings account also gives us Cheque books. But most of us know not to use Cheque leaves for transaction purposes (You get fined, if you end up encashing a cheque when your balance cannot cover the Cheque amount)