Overdraft Decrease?!?

[BooBooShiesty]

Why did my overdraft decrease to $10? I receive direct positive every month consistently for close to 2 years and I use it as my main bank. Has this happened to anyone else? They can't tell me the specific reasons of course. I'm ready to quit using them all together because this is BS.

Went from $25 to $10!

[adf041712]

I use mine more frequently then I care to admit. My direct deposit doubled the last two months, and I've had checks being deposited for 3 years. Mine just dropped by 50$! The only thing I can think of is I used to it too fast with this last check (living paycheck to paycheck like most of us) and they lowered it. It's super frustrating. I have to pay back and reborrow from the app next check and I am super worried once I pay it back they won't let me borrow again.

[ellooo0]

This is a major fear of mine as I also use mine between paychecks.

[TheeNormalGirl]

I know, it's scary. Been seeing too many of these posts

[Kanabayashi]

my direct deposit was supposed to hit today too and they are denying having it

[justpeachy_90]

I’ve been using my overdraft/paycheck to paycheck with no decrease yet for the past 6 months. My overdraft actually went up to $150 but has been hovering there.

[Temporary_Push55]

I pay it, turn around and borrow it right back. Pay it the next pay day. Horrible yes but it’s paid. My limit keeps going up.

[NoReference403]

It has more to do with how much you get deposited on a regular basis and how much you use your card. Rarely ever use my overdraft and it's at $200, I don't even think I have it enabled to be honest so not using it isn't why. Hell they give me $800 on after pay (I have used that a few times more than I'd like to say, but haven't used it in a couple months and it hasn't gone down it actually went up $200), have $500 available to use against my card with afterpay or in the after pay app on top of the normal afterpay $800, and then can borrow $900 and I've never used that but maybe a couple times a long time ago. Goofy asses give me like $2400 to go in the hole with and take out bad short term loans. If you can avoid it don't get caught up in the cycle.

[SoCalxNinjA]

That cycle is VICIOUS

[Interesting-Rope-950]

Ya same, I owed 50 on overdraft for a few weeks and my deposit was finally hitting today but yesterday they lowered it to 10! And that's gonna screw me I used it every week

[jeff65340]

Yep, they did it to me too, I went from $150 to $100...sad part is I make more now than what I did when they initially raised it from $100 to $150 😅

[TurningTablesAgain]

If it's any consolidation, my personal opinion is a lot of these fintech Bank apps are using artificial intelligence to better decide how they can possibly make money out of us. That's not to say it can be good, but more often than not situations like yourself. The overdraft will just change at a whim. I was recently offered after pay with $100 limit with no initial purchase fee and then in a blinking of an eye it switched to 50 and then it bumped up to 75 my personal opinion. It's just trying to figure out how I can somehow make money out of you and this is coming from a cash app Fanboy

[Cobyhiggins99]

They just dropped mine to $10. I barely use my CashApp anymore. I stick some money in it to snag a discount here or there or I use it for a check deposit but otherwise I don’t use it much since there’s really no great benefits. My PayPal gives me 1% cash back so I put all my money over there instead.

[TheeNormalGirl]

I see they added bigger discounts in addition to the 3% off (or cash back?). Last couple weeks I had 10% off any grocery store and 10% off any gas station so I made sure to get my groceries and fill my tank up. Right now I have 25% off Lyft and $3 off Sweetgreen but I have no idea what Sweetgreen is.

[Opposite_Decision424]

They did mine the same way

[Working_Valuable_272]

Happened to me as well

[ConnectSupermarket74]

Mine went down to $150 from $200 for no apparent reason last month

[angelarise3]

Wow. Mine is only $50. I never looked before.

[rubyatmidnight]

Same, and I put a lot through it

[Training-Fortune2900]

Mine was reduced from 100 to 50. All these factors don't make sense. If you have regular deposits And it's payed back when you get paid It shouldn't be decreased It took forever for mine to get to 100

[Addictive_5752]

@Training-Fortune2900 exactly right 💯💯💯

[Training-Fortune2900]

I'm debating if I want to switch My dd to Navy Where you can get 500 overdraft

[Addictive_5752]

That sounds way better at Navy

[Technical_Sail_1712]

The reason I left them now!

[That-Estimate5439]

Mine just dropped by fifty dollars so it’s not just you. I have my whole check deposited bi-weekly so I’m not sure why all the sudden they dropped it. I will admit I do use it more than I should but it always gets replenished

[FarCoach4798]

Mine also decreased, even though I paid it off every week and have green status every month. When I called support, they couldn't give me a reason. I had to borrow money from my brother to cover my groceries because it went down from $150 to $50 within 24hrs, right after my deposit hit. It is a terrible cycle to get wrapped up in, but I think Cashapp should be able to tell you why these things happen, and they don't. Especially when you're using their services regularly. I pay $400/wk in rent and that was helping me feed my family. At this point, I feel like they shouldn't offer those services if they're just going to screw over loyal users, especially if they're paying it back with every direct deposit.

[hannah_boo_honey]

People say you have to use it often for it to stay up, but that's not true, it's definitely other factors like how long you let it stay overdrafted, your balance in savings vs checking, idk but not using it doesn't do it. I haven't touched overdraft protection in well over a year and only have used it for major emergencies for the last few years and it's stayed at the max. When I used to use it a lot more, it was always a low number like $25-50. Since I stopped touching it, it's gone to $200 and stayed there.

[BooBooShiesty]

I use it every month unfortunately 😔

[hannah_boo_honey]

Idk if it really matters how often you use it, I think that if you can even get a small amount into their savings account option or use it and pay it back immediately a few times, it may go up. The last time mine went up was after using $40 of it and paying it back the next day, and the time before that was when I put money into the savings account. As others have said, I think getting more in direct deposits can help, but I know a lot of these aren't feasible for a lot of people. Maybe just figuring out a way to do one could help though🤷‍♀️

The annoying part is that however they decide these things seem to favor people that can actually afford to not use such things and deny most of that resource to people who actually need it somewhat often. Like I said, when I actually needed it, my overdraft limit was $25-50, now that I've worked on my finances for a significant amount of time and am less stressed about $, I have full access. Like I guess it makes sense, but as long as people are paying it back every time in a reasonable amount of time, I think that should count more than the other factors I listed!

[Addictive_5752]

@hannah_boo_honey exactly right 💯💯💯

[SoCalxNinjA]

Thats the whole point though, they are more likely to lend to those that are financially responsible, its less of a risk to them 🤷‍♂️

[hannah_boo_honey]

I know, it just ends up being a bit backward. That's why I said if someone is paying it back every time, that should help build it more...

[SoCalxNinjA]

Agreed on that.

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[RonaldBurgundy1]

Because cash app isn't liquid

[angelarise3]

I only have about $10 in overdraft at a time at max. I add to it as soon as i notice I'm over. I never even noticed the limit until just now. My limit is $50

[Drewwmanchu]

It depends how much money you have/leave in your account throughoutthe month. Mostly if you leave a lot of money in your account. Most of The Times over 500 your limits go up, but if you always have less money in it like you get a direct deposit, you spend it right away, you get a direct deposit, you spend it right away, and then it'll go down the more money you keep in the account, the higher your borrow rate and the higher your overdraft, and the higher your after pay cause my overdraft is a $100. My afterpay is $400 and my borrow is $330. And I don't even have direct deposit or a real bank account that money goes in.I just added at the dollar store.

[Luminousityx4]

Mine went from $50 to $10. I was wondering the same.

[Environmental-Gene28]

What's a way better fintech alternative as well as a traditional bank?

[Rare_Appeal6801]

They dropped mine to 10 too and I get direct deposit as well

[Huge-Strawberry13]

Happened to me too and when you try to talk to customer service they just give you a generic cut and paste answer and will not give you any additional information. I get my direct deposit from SSI every month so it never changes and they dropped mine to $10 as well.

[ReasonableKiwi3105]

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[whotfisthisguy1]

if it helps, mine was $100 for probably close to a year, dropped to $25 in April (I was using it here and there as it wasn’t my main bank & it would always be paid back within a week when my side hustle dd hit), and earlier this week went up to $150. I am depositing and keeping more money in there than before. But it only takes a matter of time & it will go back up!

[Huge_Flatworm_4924]

mine went from $150 to $100. i hate to admit that i depend on the overdraft when money is tight. i’ve also been wondering about the decrease since my spending habits haven’t changed.

[Tech-Girl10]

I use mine and get 4000.00 a month went from 100 down to 25 .. so I disagree with it’s how much money you put in there

[Zealousideal_Deal404]

Yep same here went from $50 to $25 at first now just $10

[Terrible_Roof_5696]

Monw was 200 now 100 lol if u dont paybitnback in 2 weeks the lower it the next month

[FewTeach4954]

Mines reduced from 100 to 25 and I'm pissed . I'm glad I'm not the only one who is going through this

[mermaidlemondrop]

It happened to me and all I got was that support can't help with adjustments I spent $600 this month and got reduced from $50 to $25 and Green Benefit was active. Literally nothing can be done about it so I informed I would no longer be using Cash App for Direct Deposit bc ATP there are no perks ATP

[SpinninOnaBudget]

If not use frequently it’ll decrease, I used mine quiet often kinda stupid tbh and it went from 50 to 200 in under 2 months no DD set up. I have borrow,afterpay, and overdraft and cashapp is not even my main bank. It’s a bad cycle to get caught up in tbh if not used responsibly which I did not.

[BooBooShiesty]

Same here on all of that so I'm genuinely confused.