US Bank ripoff overdraft fees on account too much to many Cambridge City Indiana
Until I found this site on my internet I had no idea how many others were being treated as me and my husband.
My husband is in the military and we never had any problems before like we ran into when he was sent over seas. He had a debit card and didn't realize that everytime he used the card he needed to use the credit part and sign for things instead he used the debit and we got slapped with fees. When I finally realized what was happening and got a hold of him the damage was done.
Not to mention they had us in the wrong kind of checking account and were slapping all kinds of maintenance fees and service fees.
We got into a free checking account now and he is home but he travels for a living. Both our checks are electronically deposited. We get slammed with overdraft charges quite a bit because we never know when something is going to post.
If I didn't have the internet to check on our account daily I would never know when these charges are accured until they send a mailer out days after the fact.
Something has to be done about how they post to your account. We just got hit with another 34.00 charge.
I thought it was me and how I balanced my checkbook, but after reading some of these reports, I checked my account and I think something is wrong here very wrong.
How can a person do electronic banking with these fee's and if one bank can do it when will the others follow suit if nothing is done.
Katherine
Cambridge City, Indiana
U.S.A.
2 Updates & Rebuttals
Paul
Anaheim,California,
U.S.A.
The banks will trip you up if you let them. Far too many people fall victim to this overdraft scam.
#3Consumer Suggestion
Thu, July 07, 2005
At first I thought it was all freaking' idiots who were being taken advantage of.
But after coming here and reading all the stories, I can see that no matter what you do, the bank will find a way to trip you up and collect overdraft fees from you.
You will not win. Their bank. Their rules. You will lose.
You must get rid of all checking accounts. And, you must get rid of all debit and atm cards.
I have one account, savings. I keep the minimum in there. I use it just to cash checks. The amount never changes. That's my only banking.
That's the only way to keep from having overdraft.
Otherwise, they will keep stealing from you. Simple as that.
Robert
Wallingford,Connecticut,
U.S.A.
Your first thought was correct spending money you don't have
#3Consumer Comment
Wed, July 06, 2005
It's not what you are doing balancing your checkbook. That comes after the fact. You are going wrong keeping a running account of your current available balance. You are, in effect, spending money you don't have and expecting US Bank to loan you money for free. It don't work that way. If your husband had used his card as a credit card, a hold still would be placed on that amount from your account. It is no longer available to spend. It doesn't matter when it posts. Pretty simple to understand.
You should have gotten a Deposit Account Contract from your bank when you open your account. If you are unable to find it you can print out a copy from the bank's web site (you may have to search for it, some sites don't make it easy to find - sometimes under "opening a new account" there may be a link to it). That document spells out what fees apply, when and how much. It's very informative. You should read it. Don't wait for the movie to come out.
There are several useful software programs that will help you keep track of your available balance if adding and subtracting stump you. Microsoft Money and Quicken are programs that usually come as part of a software package when you buy a computer. There are also freeware software programs that can be downloading that will do the adding and subtracting for you. Kind of like the cash registers at Walmart and McDonalds.