cancel
Showing results for 
Search instead for 
Did you mean: 

Is the $50 returned payment penalty pure greed?

fidopom44
I'm a participant level 1
I'm a participant level 1

Does it really cost Fido anywhere close to $50 to handle a payment that got declined? Or is this just taking advantage of people not reading the fine-print

 

Seems like a PR nightmare waiting to happen. It's only a matter of time before enough people struggling financially complain to the press about fido kicking people when they're down. The cute dogs won't save you then

1 REPLY 1

FidoAnthony
Moderator
Moderator

Hey @fidopom44,

 

Welcome to the community!

 

Just like banks they charge nonsufficient funds fees (NSF) when a automated payment doesn't clear or there isn't enough money in your account to cover a transfer or withdrawal. Unfortunately, when this happens there are fees associated to this.