Jason
Mysville,#2Consumer Comment
Mon, July 20, 2009
I am 100% behind you. Bank charge interest rates and make that money but they double charge and say that they are a not a "not for profit industry". Well they are sure costing all of us and the worldwide economy a pretty penny now. They are wrong for charging those fees. They should take your money lend it and then take interest and not charge you for banking. Close that account.
Just Mad
Martinsburg,#3Author of original report
Mon, July 20, 2009
It's important that you read my post more closely.... I said "you could have $1001 dollars and....". Not, I wrote 20 checks.... The law in my state is as follows: "West Virginia. Maximum fine of $100, up to 10 days in jail, or both. For obtaining property under $200 - maximum fine of $200, imprisonment up to six months, or both. For obtaining property over $200 - maximum fine of $500, imprisonment from one to five years, or both." Now under this law if the $1000 check was used to buy a TV that's one thing, if it was a payment, then that's a different story (and indecently the only thing I use checks for)... Furthermore, if you make restitution on a check used to obtain property in a reasonable amount of time, very few if any companies will pursue a law suit. I think you missed the point of my article, which was that some banks are more interested in finding new ways to wring fees out of the irresponsible, the ignorant and the lazy... The fact that people are this way doesn't justify the policies of the banks. Imagine if the electric company, your insurance company and your car loans were all as convoluted and difficult (and potentially expensive) as a BB&T bank account. It's unnecessary and it's predatory. Technically variable rate mortgages weren't against the law but they are an example of corporations maximizing profits to the detriment of everyone. I believe that the policies of BB&T and other banks should be reviewed to see if they are harmful to consumers.
Robert
Irvine,#4Consumer Comment
Mon, July 20, 2009
"Now that wouldn't be so bad, but as anyone that banks with BB&Fee knows you could have $1001 dollars and 20 checks out. One of the checks could be for $1000 and the other 19 could total less than $100. They put the $1000 check though first and deplete your account then a$$ rape you for 19 bounced checks" - Actually if these really were "checks" and not a "debit" transaction be glad that they paid them and did not return them NSF. Because it is a crime to write a check when there are not funds in the account. If they returned the check, not only would you have fees from the merchants who you wrote the checks to(you think the fees for BB&T are bad look up reports of Telecheck). But if they were so inclined they could file charges of CHECK FRAUD against you, and 19 counts of check fraud could get you some serious jail time. Don't believe me, contact your local District Attornies Office and ask them about their Bad Check Restitution Program. Are bank fees high..yes. Are they easily avoidable if you take responsibility for your account..YES. So unless you can keep track of your balances you need to immediatly go back to use cash. This means stop using the debit card and checks. Especially if you are saying you wrote 19 "checks" for a total of less than $100.