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)

Wow, that sucks. Maybe you should talk to your bank about getting some kind of protection against a check being returned NSF and paying a massive-ass fine.

The bank doesn’t balance your checkbook. You do.

They do fail if there’s not enough balance. There is no overdraft bullshit, if you ask your bank to act that way.

Right but that’s a lot different than the loan being discussed here, which is when the bank capitalizes its own loans via deposits.

Loans don’t increase the money supply, though. They increase monetary velocity.

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.

Loans don’t devalue dollars.

An economic transaction was non-zero-sum and made us both money? You love to see it! Capitalism wins again.

Preem insult, choom

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.

then they processed the big one first (even though it was the last) then processed the small ones after and then they didn’t charge one overdraft fee, but multiple.

Yes, as per the explicit terms of your account agreement.

also there is the obvious case of the 2008 financial crisis

Yes, where a lot of people took out loans they knew they wouldn’t be able to repay.

You could just balance your checkbook, maybe

I think it just takes a not particularly reflective cynicism. “Banks actually steal from us” is just an edgelord “good things are actually bad” take.

Every time I’ve put money in a bank, I’ve gotten out more than I put in. Where’s the “robbery”?

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