Journal damn_registrars's Journal: Overdraft Fees On Checking Accounts 13
It seems that overdraft fees have been climbing quickly lately; I've heard some banks claim they have to do this because new regulations make it too difficult for them to make money (ie, pay absurd bonuses to greedy executives) by other means. My current bank is now charging $37 for an overdraft; it doesn't seem like it was all that long ago that a bounced check (or check card purchase as it may be) would set you back $20 or less. Of course I do recall one particularly evil bank that once bragged to me (as a then-departing customer) that they had raised their rates quickly in a short time frame - have others seen a spike in overdraft fees? Is it a regional issue?
What does your bank charge for overdrafts?
What does your bank charge for overdrafts?
I don't bounce checks (Score:2)
My people have assured me that I would have to try really hard AND marry multiple spendthrift wives before I'd have to worry about bouncing a check.
But I'm pretty sure it's $35 when the little people bounce a check from my bank.
Re: (Score:2)
These guys all deserve emmys, grammys, tonys, and Nobel Peace Prizes every year for the rest of eternity! They truly are the most exemplary human beings that one could ever hope to encounter, ever! I only wish I could rear their children!
Re: (Score:2)
If the check bounces you won't get hit with an overdraft fee since, by definition, the money wasn't paid to the person who tried to cash your check.... if you're going to lie about your finances to anonymous internet users you could at least make it look like you have some experience with actually having any money at all.
Re: (Score:2)
You are right that I have little experience with money. Like Paris Hilton, I have a cell phone, but I have no idea who pays the bill, or which of my homes it gets sent to.
Re: (Score:1)
HA!
It takes a dedicated love of trolling to willingly compare oneself to Paris Hilton in the interest of a hook. I commend you, good sir.
Re: (Score:1, Troll)
We are indeed very similar, but her cock is a bit bigger than mine.
Re: (Score:2)
Well, actually, my daughter had an interesting experience with Citizen's Bank. She thought she had a little more money in her account than she actually did, and tried to use her debit card to pay for lunch. The debit was rejected. Then the bank hit her with a $25 overdraft fee (this was a couple of years ago; it is probably higher now). She disputed it, since they didn't actually honor the debit, but they stood firm, and hit her with another $25 every 10 days or so (apparently, the terms of her account
Re: (Score:1)
If you can actually prove that when they charged the fee she had a positive balance (which should be easy enough to do with a statement that shows the fee being applied on the positive balance), and they don't have some sort of silly hanky-panky going on in their contract with her (e.g. "x amount of dollars are not actually available and if there isn't that minimum amount in your account then you're 'overdrawn'"), you might consider small claims court. It's generally inexpensive and doesn't take much time.
A
Re: (Score:2)
Thanks for the idea. I'll check with her and see if she actually has the statement. She may not; as I said, it was a couple of years ago or so, and we've had a lot of upheavals in our lives in the intervening time.
-Mike
Not sure what they charge (Score:2)
But they have a bad habit of, say you have $40 in the bank and think you have 90 because you forgot to write a check down (or forgot one of those automatic withdrawals; my car payment is automatically deducted). You write a check for $40 to the grocery store, then write another check for $20 at the bar, they bounce both of them and charge an overdraft fee for both of them, when only the $20 check should have bounced.
I've come to the conclusion that the entire banking system; nay, the entire financial system
$37.50 or $10 (Score:1)
It wouldn't be that bad (Score:2)
It wouldn't bother me so much if they were actually penalizing people for not managing their finances, but that's not what they're doing. They've made these and other fees an integral part of their revenue stream and, as a result, they have a good reason to try and hit you with as many fees as possible for even the slightest mistake.
Case in point: I used to do business with a fairly large regional bank AND with my local credit union. I once accidentally wrote a check from my credit union checking account in