let me tell you how banks actually work.
you have $2 in your account.
you spend $4.
you’re overdrawn by $2.
the bank charges you $35.
not because they lost anything.
not because it cost them anything.
not because $2 hurt a institution sitting on billions.
just because the fine print said they could and the people getting hit with these fees aren’t people who forgot to check their balance.
they’re people who checked their balance. knew it was low and bought groceries anyway because the kids needed to eat.
banks collected $8 billion in overdraft fees last year. $8 billion extracted almost en