I just can't wrap my head around this logic. When you calculate the APR at a bank, that figure is supposed to include everything—including account maintenance fees if, say, having a certain account status is a prerequisite for getting the loan. Everything gets rolled into the APR, all credit-related costs and such.
But they can just shove guarantees, service fees, and other charges into some absurdly inflated APR figures instead.
Good grief. You can't just use someone else's token. You need your own mtoken or the security key from your mobile banking app. None of that matters if you haven't even set up the agreement yet.
Jerry Jackson12 said:Has anyone else noticed if their banks updated their overdraft limits following the COVID fallout?
I’m currently using an OTP account—and based on what I've been reading in the news, it seems banks have tightened things up a bit due to the crisis. Even the Federal Reserve is suggesting more flexibility to ensure the burden doesn't fall too heavily on the consumer.
My paycheck took a 20% hit recently, so now I'm wondering—will they slash my overdraft limit too once they start processing everything?
Thanks.
Sent from my Samsung Galaxy A90 via Reddit
They finished my review and actually increased my limit (I have a secondary income hitting that account) — Visa
Susan Baker6 said:I’ve actually got the Mozart installment plan too, but I honestly thought that was strictly for when you're swiping at a store! So you're telling me you can basically split up cash withdrawals into payments too?
ironcyclist58 said:If you check out the link cosmichawk67 posted, you'll find the general terms of service for PayPal. That was pretty much the whole point of sharing that link in the first place. 😉
Just saw that. I assumed everything was already laid out in the Nabisco section at the University of Oklahoma.
So, they’re banning using Nabisco on multiple devices or different phone numbers for one person, yet somehow they're rolling out "exciting" new features at the same time. Great.
I actually "have" a second account under my daughter's name, which is a minor's account. Does it say anything about the minimum age required to open a PayPal account?
darkmaker94 said:I feel like JP Morgan Chase is definitely the stingiest. Ever since I started getting my paycheck deposited there, they’ve never let me overdraft more than a single salary—sometimes even less than that. Maybe it’s just because I don't really push my luck with it.
Do you just have a basic checking account or a full banking package? To get a 300% limit at JPMorgan Chase, you'd probably need a massive, high-rolling portfolio, if you ask me. With just a standard account and mobile banking, you're lucky to get 100% of your salary.
Then again, it's entirely possible they won't bump it up simply because you aren't using it.
By the way, banks don't just scrap your overdraft facility overnight if you've been playing by the rules. Usually, they phase it out bit by bit; even if you miss a payment, they’ll typically offer an installment plan to clear the balance.
Naturally, everyone needs to weigh the risks for themselves.
Carol Foster7 said:It’s fascinating to me... based on these threads (if I’m reading this correctly), you’re with Capital One and so am I. My paycheck is around $5,200, and Capital One has been my primary bank for over a decade now. I have the Mininet package... and my overdraft is practically nonexistent. They pushed back the overdraft updates until October... I’m actually considering heading down to the branch to ask for a higher limit just to see what they have to say about it.☕
I'm with JPMorgan Chase now—well, recently moved there—but I still keep my account at Capital One because that's where my business income hits. I don't think the Mininet package offers that 3x overdraft option. I had to open a full internet banking package to get that. Once I did, getting the 3x overdraft was easy.
Edward Wells5 said:So, I hit up JPMorgan Chase with my first paycheck and scored a full 100% match right out of the gate. Then, fast forward three months, and suddenly it’s a 3x bit boost.
So, does that kick in once the third paycheck hits?
I haven't a clue, rapidskipper12. I was a client there for ages, and even back when I was pulling in over $5,000 plus commuting expenses, my overdraft never went past $9300. Plus, there were about $3667 meal plan repayments . Sent from my Huawei P30 Lite using Reddit
American Express revolving credit Before that, it was the American Express Blue
The reason is simple: those cash advances, consumer loans, and revolving credits are all issued by Chase, and you're using a Chase card to access them. Just take a look at the terms and conditions for any Chase revolving card; you'll see clearly stated that the revolving credit belongs to Chase.