I got a letter from my bank today. Because they had to refuse a request for money from PayPal due to "insufficient funds" in my account they are fining me £15.00. I know I look at the world slightly differently to most people and have trouble understanding the motivations and thoughts of other people sometimes, but am I really crazy for thinking this is one of the most illogical and unhelpful things you can do to somebody who is bouncing direct debits because he hasn't got any money? I expect I'll get another fine when they discover I can't pay them the fifteen pounds because I haven't got any money in my account.


Bankers! — 2 Comments

  1. NSF fees are just a way banks make money, instead of (or in addition to) a monthly service fee. The real estate outfit I work for as a bookkeeper bounces checks all the time – it’s a way of life for the owner :-).

    In other words, don’t take it personally; it’s just a cost of doing business. Unfortunately, it’s a cost of business that’s harder on the little guy, who is less likely to be able to maintain a cash cushion.


  2. I would like to find the wiseguy who thought up the idea that banks could make more money charging fees than lending money. He should join Judas in Satan’s mouth to be chewed on for eternity.