Banks collected $12.4 billion dollars in overdraft fees in 2020. That means banks took over $12 billion dollars from people with no money during a global pandemic.
My bank takes between $50/70 dollars in overdraft fees every quarter. Yearly APY on my saving account is so bad that itβs actually never worth it.
I staked most of my crypto which gives me back so much more than my robber of a bank that when crypto goes mainstream we are saved from these robbers.
I do need my bank account because I have not a lot of other choices to pay for stuff or receive. I did learn to stake my savings after buying stable coins with it.
Cant wait for massive crypto adoptions.
Edit: I am debt free as of next month. I got lucky with a coin people on /CC dislike a lot. I sold it on itβs all time high and bought back at the recent crash and set aside the amount I needed for my debt. Next month is the last payment :) I wont make the same mistakes again.
Edit 2:
I actually said I dont want to be able to overdraft day one 1 signed there. I guess they did it wrong but at that moment I didnt bother changing it. Which was dumb
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