Why do banks charge a fee on " insufficient funds" when they know ther!
Question:
Why do banks charge a fee on " insufficient funds" when they know there is not enough money?
Answers:
For the same reason they charge the higher interest rates to the people who can least afford to pay it.
The rich people have $$, but they get the sweetheart deals at very low rates, while the people who NEED the $$ loan get shafted with super high interest rates.
The rich get richer...