
Originally Posted by
iloveboost
Of course a banks are out to make money. Who isn't? The bank makes money by you keeping money in their bank. When you spend money you don't have, the bank has to front the money and they have to be compensated for your lack of money management.
Ummm... the order of your transactions means jack. It gets processed through your bank when the vendor/merchant processes their transactions. Wal-Mart usually processes their transactions daily, so you'll almost always see their money come out immediately. Some places process their transactions weekly, or every 2-3 days. This is why transactions don't post to your account for a few days at times.
You would rather Subway or some gas station get their money instead of paying on your mortgage or rent?? At least you've got your priorities straight. Bank researchers have suveys and polls and ask what most consumers would rather have paid first. Large transactions (rent, car payments, bills, mortgages) first and then small purchases (fast food, movie theatres, convenience stores) second in order of priority. Guess what? Most people would rather large financial obligations be paid first.