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There should be a federal law requiring companies to send you a notice via email every time they deduct money from your account. Like, if you subscribed to a service ages ago and forgot about it, you should get a monthly heads up. ("Hey, we just took another $15 from you. Just FYI.")
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That is perfectly sensible. The only people who'd would lose in that scenario are folks collecting free money, providing services you no longer want. Obviously it'll never fly.
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In the olden times that was called a receipt. I wouldn't mind bringing those back.
I deal with this by losing my debit card every 9-12 months...
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🤔 That's an idea. Hmm.
ADHD as financial superpower... 😁
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And my credit card. Been there, done that, had the order for the t-shirt canceled.
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Agreed. Especially if you obviously haven't used the service in a while. So many $15 monthly charges for that fateful time we said, "Oh, sure, let's do the free trial. We'll just cancel it before it renews." Fast forward a year and some $180 later...
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I paid $10 a month to Scribd for several months because I couldn’t figure out what the deduction was from my bank account until my girlfriend sleuthed it out for me. So I stand with you.
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They should send you a warning beforehand with instructions on how to opt out. I’m lucky that my credit card got hacked (!) so all the services I was auto on suddenly didn’t have a good CC number for me. Mixed blessings. ☘️
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Why after? Why not send the notification a couple of days before? That way you could stop/cancel it before it charged.
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This is actually a relatively recent requirement but it only applies to credit card transactions. I can’t remember, I think it’s MasterCard that requires a notification before a recurring charge is applied.
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Rocket Money goes through and finds forgotten subscriptions etc., and gives you the option to cancel them. I don’t know if it’s a good company or how they make their money, but that’s what all their ads say.
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Depending on what state you live in, they are required to do so…