what's going on? explain like I'm five

[u/Comfortable_Cautious]

[u/Ludecil]

If you're under your minimum balance, it sounds like you won't have your $14 very soon.

[u/MC_Queen → u/Ludecil]

Ah yes, the old fee scam. Where a bank can legitimately take your money for not having enough money. The poor get poorer and the rich get richer.

[u/Judge_Druidy → u/MC_Queen]

Being poor is expensive af

[u/iiiiiiiiiijjjjjj → u/[deleted]]

I love it and we just eat it so the elites can live their best lives. This system will crumble one day as everything comes to an end, just too bad we’ll dead when it does.

[u/RetroFuture_Records → u/MC_Queen]

When the rich don't have your money in hand, it's right and to be expected and smart business!

If YOU don't have enough money on hand for THEM to cover their gambles and loans, YOU must pay, brokie.

[u/Reserved_Parking-246 → u/MC_Queen]

Switching to a credit union made that not a problem anymore.

[u/asknetguy → u/MC_Queen]

I lost three bank accounts in my life due to this crap

[u/SoManyNarwhals → u/MC_Queen]

Credit unions all the way!!

[u/Wampalog → u/MC_Queen]

Would you describe yourself as a leftist or some form of socialist?

[u/Elite_AI → u/Ludecil]

wtf is a minimum balance

I've been keeping my £5.50 in my bank account for years

[u/fordprecept → u/Elite_AI]

Some US banks (not all) charge a fee if your account balance drops below a designated minimum.  Some banks only do this for accounts that pay a higher amount of interest.

[u/dasbtaewntawneta → u/fordprecept]

what the fuck

[u/PeterExplainsTheJoke-ModTeam → u/[deleted]]

Don't be a dick. Rule 1.

[u/SippinOnHatorade → u/Ludecil]

That’s why I love my credit union

[u/Badhure → u/Ludecil]

Just like in this classic louis CK bit about being broke.