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Under 10 overdraft becomes 200
Sam
Registered User regular
Registered User regular
Bank phone jockeys refuse to return any fees. total od is under 10 and they've turned it into negative 190 balance.
phone chain is a runaround.
Is there nothing to be done?
phone chain is a runaround.
Is there nothing to be done?
Sam on
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Chances are that they won't take all the fees off, but they'll probably cut some of them.
Late posted ATM fee: $2
iTunes:$0.99
coca cola vending machine:$1.25x3
each yields a 35 fee.
Also, add overdraft protection to keep this from happening again.
They charge you every time overdraft protection is used. You get equally fucked with a different name.
Is this not consumerist material?
Not really. It's sadly a common, accepted practice.
For what it's worth, I had $400 of overdraft fees on about $200 refunded from Bank of America. I used the wrong card over the weekend without noticing it. I had never overdrafted before and I held firm that I would be closing my account if they didn't refund all of the overdraft fees. They initially offered to refund half, but called back a week later offering full, as soon as I paid off the original debt.
Bottom line - if you've been a good customer, stay firm and be prepared to follow through.
They charge you $5 instead of $35. Your definition of "equally" is flawed.
The people at banks seem to have discretion to waive this stuff; I went in and made a little noise about it, and all of the fines were removed.
It helped that I was a responsible customer though, and that by the time I'd even received notice of the overdraft fines I had already deposited another check that covered the balance.
that's why we call it the struggle, you're supposed to sweat
Because your bank has the same fees as everywhere, right?
My bank used to charge $20 for both, though I never used either.
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Well, to be fair, you presented your initial comment as though your bank was the same as everywhere
(I love you doc)
the way my debit account works, is I have a 500 limit credit card account attached to the same number so that if I go negative, it's automatically charged to the credit account - I have a pretty good buffer there provided I pay it by the end of the month.
I host a podcast about movies.
Eh, I use USBank and I have a credit line with them for 4000$, costs me nearly nothing and I can transfer the money freely between my accounts. If I overdraw my checking account, they charge me 6$ and transfer funds to the nearest 100$ to cover the charge.
Might be worth looking in to.
edit: You can also usually just apply for a credit card from that bank and they will do the same thing, see JC above me.
edit2: the line of credit has been very helpful when I am short hours or something and need to pay rent. You just can't go crazy. It's a patch not free money. The interest is 7% for me.
Is this not the very definition of logical? I suppose I don't live in America though.
Edit: Sorry, thats not really advice. I'd probably go complain face to face like other people have said.
You can do this, but you have to call your bank and argue with them to disable this "feature" which allows charges to go through for the "service fee" (overdraft). There are laws being discussed right now to make this an opt-in rather than opt-out service in the name of consumer protection.
I read an article the other day that talked about who is lobbying for what, obviously banks are for the "service" being standard as they made more than 9 billion dollars off it last year.
You can go to the branch and plead your case, but you're at the whim of whatever branch manager you happen to get. If you've been a long-standing customer with a good account and haven't ever had this happen before, you're in pretty good shape. If you commonly overdraft or you haven't had your account very long, prepare to be reamed.
Just because your bank sucks it doesn't mean it's not worth checking out for him. For most people it's better to have it than not.
The "associate" claimed that the bank has its own force-pay systems that are confidential and non-optional and my only option was to cancel the debit card if I didn't want it.
it's not my first overdraft, but whenever it's happened I've paid them, and I've never had more than 1 item, so I never really cared.
Some cards will automatically hike your interest rate if you take advantage of that feature, so you still get screwed.
If you haven't, definately get Quicken or any of that type of program that keeps track of your balance. It's a godsend for me.
For OS X, I swear by MoneyWell. Totally awesome.
Can anyone advise on how to make them cut the bullshit?
as in, it's ILLEGAL to force customers into using an overdraft program as opposed to declining all insufficient funds (which is NOT hard)
Your mattress. I understand you're upset, but EVERY bank does this.
It's not illegal. It's a service they offer. It just happens to be a service that fucks you.
I like www.usbank.com the site, and by extension seem to do pretty well keeping track of my balance. Though I've got a credit card with them and a line of credit, so I don't know how the overdraft thing would go. I do suggest you check into it with whatever bank you use.
Not every bank. If I don't have enough money in my debit account it declines, and that's that. The only time I incur charges is when I have an automatic payment come out and I don't have the funds, and then I get charged by the bank AND the one trying to take the money.
Ex: One time my car insurance company went to take their monthly premium out and I was like 3 dollars short. I forgot I had used the card for another bill the week before. My bank charged me $40 and the insurance company charged me $40. I paid double my insurance that month :P
Yes. Debit transactions are credited immediately. But, here's the thing... your debit card ALSO works as a credit card, and they can take up to a week or two to show up on your account. Your account is no different. But if you aren't using your debit card as a credit card also, then you don't have anything to worry about.
Of course, this makes sense. If you buy a pizza using your debit card, then put a tip on it, what do you think happens? Do you think that the piece of paper you put the tip on is magic, and it gets deducted from your account automatically? No. It's run like a credit card and it gets deducted when the company puts it in... actually, a while after that.
This is not rocket science.
Up in here Canada, we don't have to worry about our debit cards also being credit cards. Then again, we do have to worry about cats chasing dogs and hamburgers eating people. Opposite land and all.
You are truly a blessed people.
And not to be a dick, but maybe you should switch over to just spending cash on your daily transactions. You'll never fuck yourself like this with cash because once you don't have enough? you don't have enough.
ATM Fees.
Your bank charges ATM Fees? Do you bank with a loan shark?
No, my bank has only one ATM in town, so anywhere else will incur a fee. Lack of a car aggravates this.
Talk to them
Hell, everytime I've been slugged fees that I didn't think were just, I went to my bank, and they refunded them.
If you're getting fucked in the ass, change banks
At least that's what it's like here.