|GameStop hasn’t started offering financial services — but according to a 4chan user, customers can use GameStop’s preorder and store credit systems to avoid savings account fees.
An anonymous user of online forum 4chan has come up with the strategy to use video game retailer GameStop as a free bank, after getting hit with one too many overdraft fees.
“I got really pissed off with US Bank because I kept overdrafting my account even though I opted out, and the same thing happened with my credit union when I got a debit card,” the user said, according to blog Kottke.org.
How GameStop Could Function As a Fee-Free Bank — with Rewards
The anonymous user explained how he or she uses GameStop as a bank. First, after being paid, the person uses that money to preorder several new games with upcoming release dates, essentially setting up a “savings account” under his or her name. GameStop holds onto this money, then “Whenever I need money, I go to the nearest GameStop and ask for my money back on a game I don’t want and make a withdrawal.”
The user says that the GameStop employees are starting to catch on that the plan is just to move money around — but under current policies, they can’t do anything about it.
This method of money management comes with a number of benefits beyond avoiding overdraft fees, according to the user. “GameStops are just as prevalent as banks in my town and I work at a mall so it’s even more convenient than running an errand to the bank or using an ATM and getting charged.” Plus the service at GameStop is better, with shorter lines and the ability to trade in old games to fund the savings account.
“The best part is, since I always preorder every game coming out I’m still guaranteed to get all the exclusive content whether or not I’m sure I want a certain game. It’s like they’re rewarding me for banking with them,” the anonymous user wrote.
While the GOBankingRates team hasn’t tested this scheme and wouldn’t recommend it, it sounds just crazy enough to actually work. But for the average person looking for somewhere to put his money for free, check out these online, no-fee savings accounts — which offer the convenience of online banking with the reward of high savings rates.