Comments on: New Bank Overdraft Fee Laws For Your Debit Cards & Checking Accounts

By: Sofia

Sofia — Sun, 20 May 2012 17:23:40 +0000

I have 10,000 in my savings. my Checking had 2000 atall times, all of a sudden i am overdrafted.
i made some purchases, and did not realize my account was over drafted for 10 days until i finally called in to find out why i “declined” for a TOOTHBRUSH. MIND YOU I WENT TO LOUIS VUITTON AND PURCHASED A BAG FOR 1828 AND IT WENT THROUGH, I RETURNED THAT BAG, AND WENT TO GUCCI AND BOUGHT ONE FOR $1256. I HAD A RENT CHECK GOING WHICH GOT PAID WITH A NEGATIVE BALANCE. i never OPTED IN OR WHATEVERRRRR.. ANYWAY SO I GO TO THE BANK THEY TOOK OFF 198 OFF THE $600 FEES I HAD OVER 5 DAYS OF THIS B/S.
THEY DECLINE $1000, BUT ALLOWED $1253.. THIS IS BULLSHIT MIND YOU I ASKED THEM WHY DID YOU NOT CALL ME T WARN ME OF POSSIBLE “FRAUD” THEY SAID WELL YOU AUTHORIZED THESE CHARGES.. AND WE MAILED YOU A LETTER./. CROOKS ! NEVER DID. AND BY THE WAY ON MY ONLINE BANKING I NEVER DID AGREE TO THIS B/S YET YET THEY ARE DOING IT TO ME
SO THEN I DECIDED TO READ THE GUIDELINE WHICH CLEARLY STATES ” THEY WOULD ONLY PAY FOR BILLS, AND CHECKS” AND NOT” EVERYDAY DEBIT CARD CHARGES” HELLLLLLLLLLLLLLLLLLLLLLLLLLLLLLO I WAS CHARGED $37 FOR A $3.5 PARKING METER CHARGE 5 TIME !!!!! I AM SOOOOOO SUING I DO NOT GIVE A SHIT ! I WILL SHOW THEM WHAT I HAD TO GO THROUGH.

By: ED

ED — Thu, 03 May 2012 06:18:43 +0000

Wow the comments are just amazing, handle your bills well, check your balance frequently and instead of going to a Chinese buffet or go shopping open a damn savings account and stop complaining.
You get charged for 35$ for every 1$ you go over, I had that happen once and I learned from my mistake.
You should never be that close to 0$, if you’re then you have a problem, not the bank.
Banks are there to screw you over, get used to that.

By: Johnny

Johnny — Thu, 12 Apr 2012 01:39:25 +0000

I have an account at Insight Financial credit union, I just got hit with an overdraft fee while having enough money in my account, How that worked was, I made a purchase that would of went over my balance late the previous day, the next morning I went and deposited funds to cover it and then some before it posted to my account, so what they said was it doesn’t matter when it post but when the purchase was made. so my account actually showed + cash then the over draft fee then my deposit and then the purchase… These banks are out of control just like are government, trying to keep the people down and in slaved to the grind. Its about time we stand up to these corrupt, deceitful bankers and politicians. We are to protect are country which is the people…from enemies wither foreign or domestic.

By: Brian McCrary

Brian McCrary — Fri, 02 Mar 2012 01:17:38 +0000

PayPal said when my account ran low, that it would run 3 purchases through listed bank account, if the funds were not there, it would go to my visa card, well they ran it through a zion bank account that I thought was closed and I ended up with $125 in overdraft fees!! Zion bank is about the most unmerciful organization around, never bank with them, wouldn’t waive a single penny, CROOKS!! I should have just left the negative balance and let it go to chexsystems. These banks let you think that a zero balance will result in just a simple “Decline” costing nothing, don’t let them fool you. Its a shame a business has to legally ROB people just to make a profit and take advantage of people. What comes around gos around, maybe more people will have 2nd mortgage strips through chapter 13 and they can screw them just like they screw everybody else.

By: carolyn polk (riney)

carolyn polk (riney) — Tue, 28 Feb 2012 20:34:19 +0000

THAT IS ONE REASON I STOPPED BANKING WITH THEM; IF YOUR ACCOUNT GOT LOW; OR YOU DIDNT HAVE THE FUNDS IN THERE TO COVER THE AMOUNT YOU DRAWED OUT; THEY WOULD LET YOU DRAW IT OUT ANY WAYS; AND THEY THEY CHARGED A BIG OVER DRAFT CHARGE; ONE OF THEIR LITTLE GET RICH DEALS; AND PEOPLE HAD TO PAY IT; IT REALLY SUCKED ; ESPECIALLY WHEN; PEOPLE HAVE A HARD ENOUGH TIME GETTING TROUGH LIFE AS IT IS; THEY SIT THERE IN THEIR IN THERE OFFICES AND MAKE MONEY OFF OF US LITTLE PEOPLE; SOMETHING SHOULD BE DONE ABOUT IT;

By: Sherry Jones

Sherry Jones — Wed, 01 Feb 2012 00:20:50 +0000

I haven’t seen this posted on your site yet, but get this. My credit union has started not only charging me $30 for their own NSF charge, but also, the companies that my checks were written to, have been debiting my account for $30 fees because my checks were returned to them! What the hell? This has happened to me several times since the new year started and I started out with a positive balance both times. So far, I have had $120 dollars taken out of my account for a $44.80 check and the check has still not been paid! This is no different than embezzlement.

By: Julius Caesar

Julius Caesar — Fri, 27 Jan 2012 17:52:53 +0000

Put them all to the guillotine.

By: Chughes

Chughes — Wed, 04 Jan 2012 19:03:33 +0000

Pay the largest debit off 1st my arse!

By: Chughes

Chughes — Wed, 04 Jan 2012 19:02:27 +0000

On 12/21/11, had a $57 balance. On 12/22 made a $7800 deposit. Because they did not release “make available” $2800 of the funds until 1/3/12 I’ve been hit with $576 in fees. WTF!

By: chris geo

chris geo — Sun, 01 Jan 2012 01:33:52 +0000

I’m sorry but the author has no idea what he’s talking about. He/she thinks the banks “make money to lend” by “making money”?? No they don’t! They make money every time you deposit money into the bank and they create what is called “credit” through the fractional reserve system. Money is never lent out, instead credit is lent out.

The fractional reserve system allows banks to only have 10% of their reserves on hand. So if you deposit $100 then they gain $1000 worth of lending power. Get it? It’s all fake, 100% manipulated. The banks give up NOTHING when giving you a loan.

So let’s say you actually take out cash for whatever loan you get. Let’s say, someone buys a car for $10,000 from another person and the bank finances it and that person wants cash. What’s the person most likely to do? Take it to THEIR bank and make a deposit. Now their bank can loan out $100,000 based on that $10,000 deposit. See the scam??

So don’t think “banks need to make money” off of you. Banks “make” money, literally. It’s called INFLATION and guess what.. YOU GET THE BILL!