Edgeman
Chico,#2Consumer Comment
Wed, December 03, 2008
http://dockets.justia.com/docket/court-ohsdce/case_no-1:2008cv00703/case_id-125861/ The article cited above does not appear to be balanced.
Tresbizz
Cincinnati,#3Consumer Comment
Wed, December 03, 2008
I look forward to joining this too: http://www.citybeat.com/cincinnati/article-16707-overboard-on-overdrafts.html
Tresbizz
Cincinnati,#4Consumer Comment
Wed, December 03, 2008
I look forward to joining this too: http://www.citybeat.com/cincinnati/article-16707-overboard-on-overdrafts.html
Tresbizz
Cincinnati,#5Consumer Comment
Wed, December 03, 2008
I look forward to joining this too: http://www.citybeat.com/cincinnati/article-16707-overboard-on-overdrafts.html
Tresbizz
Cincinnati,#6Consumer Comment
Wed, December 03, 2008
I look forward to joining this too: http://www.citybeat.com/cincinnati/article-16707-overboard-on-overdrafts.html
Edgeman
Chico,#7Consumer Comment
Wed, October 08, 2008
For the record, I feel that overdraft fees are prohibitively expensive. We live in a time of high gas prices, high food costs and the Dow lost 1,400 points in a week. These are not the times to be paying hundreds of dollars to the bank in unnecessary fees. However, it doesn't matter what I think. What does matter are the facts. When you opened your account, did you sign the spot that said you agreed to the bank's terms and conditions? Were the fees listed in the terms and conditions? Did you overdraft your account?
J G Shrugged
Austin,#8Consumer Comment
Wed, October 08, 2008
Actually, compared to other banks, yes I would take this as a ripoff. Most other banks would process debit transactions like a check, i.e. one transaction at a time. Most of the complaints here involve a check clearing that was forgotten about, and those are usually large, so it would cause numerous overdrafts on the debit card transactions.... This is different. And I would actually state that the bank's policies are a ripoff when you compare it to the current "standard". But I don't think a class-action will be of any benefit if the T&C states they can do this. Because the Fed Reserve feels they can set their own guidelines. As for the direct deposit, I think the banks can hold the funds 1 day (make it available by the close of business the business day following receipt of the ACH), most make it available same day - after the day's debits have been posted.
Jim
Anaheim,#9Consumer Comment
Wed, October 08, 2008
It does not matter whether anyone agrees with the policy; not only is it legal per the agreement you signed, but this issue has already been adjudicated in favor of the bank. It's way too late to come here waving class action lawsuit - way too late. It's not a matter of right or wrong, ethical or otherwise. It's legal and you must comply. All banks operate the same way, so switching banks is not really an option in your case either. Your problem is NOT with the bank. The bank merely administers your account; they have no idea what your balance is, or what you do with the account. They only process your transactions as they come in, or are approved by the merchants you buy things from. It's your account and if you mismanage the account, that is your problem. The first thing I would immediately do is STOP using your debit card for anything except at your ATM to withdraw cash. Your debit card, in case you can't see, is not free to use; it causes a lot of overdrafts by people who can't keep a check register. You also place way too much reliance on the online system to figure out your bank balance. The balance for your account is not there and it is not accurate if you use a debit card. So STOP using it. You'll find banking with this bank and any bank to be much easier and you'll hold onto more of your money. Best of luck to you.
Matt S
Camby,#10Consumer Suggestion
Tue, October 07, 2008
Someone please contact me for this class action, I will be glad to help. (((ROR redacted))) also -> Go to Wal-Mart and get a Wal-Mart Money Card. Works exactly the same as a Bank Account, you can direct deposit to it and even have auto draws on it. Only real difference is, no overdraft fees, ever.... CLICK here to see why Rip-off Report, as a matter of policy, deleted either a phone number, link or e-mail address from this Report.
Detroitrockcity
Madison,#11Author of original report
Thu, October 02, 2008
Here is the example- $427 bal. 7 transactions posted for $439. 6 of the 7 transactions were covered. The last one was short by $12. If you feel this warrants 7 overdraft feess, your just as crooked as Fifththird. Max penality should have been one overdraft fee. But they practice a 24 hr rule. No matter when or how much the account is overdrawn, they consider all transactions that day overdrawn and charge accordingly. I most certainly will be participating in the Class Action Lawsuit.
Edgeman
Chico,#12Consumer Comment
Sun, September 14, 2008
To know what really caused overdrafts. The OP brought their account into a negative balance. No ripoff here.