Flynrider
Phoenix,#2Consumer Comment
Sat, May 05, 2012
" Effective Jan 1st, 2012. Union bank charges $10 per month for paper statements, $8 for online statements. "
Is that what they said, or is that what you interpreted it to mean? Banks charge monthly service fees for maintaining checking accounts that do not meet minimum balance requirements. The service fee includes the processing of statements (among other things), and it will be charged whether the account is used or not. They give you a $2 discount if you choose to have statements delivered electronically. Your impression that the fee is only to cover a statement is incorrect. It covers everything related to maintaining the account.
" Only a couple of days later, I found out that Union Bank charged $33 a NSF fee. Really??? "
Yes, really! The fact that this is a surprise to you indicates that you are probably pretty good at managing your accounts. Their $33 fee is actually at the lower end of NSF fees charged by banks. Most of them are in the $35 - $39 range. If this is the only reason you want to dump this account and go to another bank, I strongly suggest you look over the other bank's fee schedules before signing up. You may be in for another nasty surprise.
Jim Martin
Indiana,#3Consumer Comment
Fri, May 04, 2012
I understand an NSF fee...but $33 per item???
The bank I currently use charges $39 per item.
Check your agreement, I'm sure the amount is in there some where. You did agree to it.
Having an account with the bank "many, many, years" and only having one other NSF fee is completely irrelevant.
Like you said, it is YOUR fault. It is always important to make sure the money to cover the check is in the account BEFORE writing it.
And, NO, I don't work for Union Bank. Also, no one is going to believe your claims of a lawsuit either.
I will be cancelling my account on Monday
Good luck finding a bank or credit union that charges less than $33 for NSF/Overdraft.