f you’ve read the mutual fund disclaimer: “Read the offer document carefully before investing,” it is time you applied it to all your money transactions. Banks, airline aggregators, e-commerce companies and charity organizations are increasingly using a pre-ticked box to assume your consent to a small payment. You are given, what is called, an ‘opt-out’ option so that you can click a box to refuse the extra payment. Here is how it happens and what you should do about it.
Opt-out options
Recently, HDFC Bank Ltd sent out an email to some of its customers about its service Classic Banking Programme. Mint has several copies of this email from different customers. At a glance, the email looks similar to the deluge in your inbox from your financial service providers, but this one has a small fee built into the fine print.
