Edgeman
Chico,#2Consumer Comment
Fri, December 19, 2008
The OP concedes that the overdrafts were his fault. It seems like we don't have an issue here. As Steve noted, the $300 transfer was AFTER the transactions that caused the account to overdraft. I don't blame you for being upset about the money. It sucks, no argument. But you can control your account balance. No need for a class action lawsuit that won't go anywhere. And yes, I have overdrafted in the past. I was once charged for two OD fees and I decided that I didn't want to pay those fees again.
Steve
Bradenton,#3Consumer Comment
Fri, December 19, 2008
Drake, First, I want to thank you upfront for accepting responsibility for not properly managing your account. You know you failed to keep an accurate checkbook register and/or you spent money that you knew was not in your account. Most people blame the bank for the nsf fee itself. However, the method of calculating available balance and the application of fees is all covered in the agreement you signed when you opened the account. Therefore, there is no ripoff here. Furthermore, it is common banking practice to apply checks/charges before deposits/credits in the same business day. Therefore, the $300 deposit you made, was BEHIND the pending nsf fee items for that business day for posting purposes. Again, no rip off. It is policy at most banks. Therefore, there is no "cause of action" for a class action lawsuit, because there was no legal violation and there was no violation of the terms and conditions of your account. After all, you signed an agreement when you opened the account, right? I cannot stress enough the importance of maintaining an ACCURATE checkbook register. THat is the ONLY solution here.