So, my current bank account recently became overdrawn. I went shopping yesterday and my payment got declined. I'm pretty meticulous with my finances so this was a wild one.
I called my bank to find out what was going on, they said that my supermarket(grocery store) was responsible for charging me twice and they would sort it out in 3 hours.
As of now, the next day, nothing has changed. With all the talk about Crypto Currency, I can see why banks may eventually be replaced. I'm not the only one that was left overdrawn over the new year, there are so many people in trouble right now that I couldn't get through to customer services this morning!
As much as -£700 or double the amount of peoples grocery shopping has been taken from their bank accounts without their permission but yet the banks have allowed this!
All I can do is wait and survive on the little that I have at the moment, and think about the fact that banks have played a central part of many of the issues in this world, pre and post 2008. I believe the solution is that people have more control over their financial situation and money transactions.
This could have been a far more serious for me and could of have needed a food bank which is probably the situation of many of the people discussed above in my situation. Can you imagine buying food and then having no food to eat, because you bought food!
I believe Cryptocurrency will help because it seems once you use your card with big corporations they have more control over your finances than you may have thought, well it's true for me anyway!
I'll update you on this situation as soon as I can...
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