J4cknsal1y
Active Member
- Joined
- Nov 9, 2015
- Messages
- 768
- Reaction score
- 110
With some banks, in my experience Chase Bank, has an option where you can set a 'minimum' balance & any time your account hits that balance or less, you get a text message alert. Ex: minimum balance set to $1,000. Go grocery shopping, have $1,200 prior. Spend $200 on groceries--text message alert that you have hit your minimum balance, & usually there's a small blurb with the purchase amount & merchant name as well as a current account balance. Then you stop for gas, spend $50--you get another text message with info about this transaction & new updated balance. And for each transaction thereafter until the account balances rises above whatever the minimum was set to be.This really, really bothers me. Yes you can get text messages for transactions...I have a text sent when my check is deposited.
But a text sent to my husband every single time I made ANY purchase? A text sent to me 2x a day when he sneaks off to the bodega for his fresh banana bread addiction? I don't care what small amounts he spends money on on a day to day basis (coffee, lunch, etc.). The texts would annoy me more than anything!
Having an alert set up for every purchase...that is not routine, in my mind.
In my opinion, an action like that would stem from a need to control / track someone, or a prior history of massive financial irresponsibility.
I think the purpose is to avoid over drafting, but could also see it as a way to control, though I'm sure that's not the banks intention.