- Report: #1032331
Complaint Review: Wachovia Bank - Severna Park Maryland
-
Author Confirmed
Why?
Wachovia Bank
Ritchie Highway Severna Park, 21462 Maryland, U.S.A.
Web:
N/A
Categories:
Business Rating:
(0)
Tell us has your experience with this business or person been good?
Wachovia Bank Multiple overdraft fees on one overdraft Severna Park Maryland
I've been a customer of Wachovia Bank for a little over a year now, and I rarely have over five or six hundred dollars in my account at any one time, so I have accepted that the bank really doesn't care about my business.
On several occasions I have lost track of my account balance by a few dollars and have received over a hundred dollars in fees because of one overdraft. This last time, I had roughly a hundred dollars in my account, made a couple thirty dollar purchases and then several small ones (you know, coffee, cigarettes, ten bucks for gas).
Monday morning, I checked the online balance and it said thirty dollars, made two purchases totaling twenty dollars, and came home to find that i had incurred 105 dollars in overdrafts that day. In fact, I had bounced by a little over a dollar, but ALL PENDING transactions were charged overdrafts.
Honestly, and maybe i'm just an idiot here, if only one transaction went negative, wouldn't you assume that I would be charged ONE overdraft? I ended up with yet another overdraft the next day when one of the check card holds went through(even though it had already been added in to make my account negative).
I can see the logic in making the penalties severe to prevent abuse, but isn't the 35 dollars to cover a few dollars enough? why do they need to overdraft things that NEVER OVERDRAFTED??!! It's a slightly different problem from the one you are discussing, but I think that if you're going to talk about legality of fees, these ones are more likely to arouse SOME kind of response from the people who regulate banks.
Devin
Baltimore, Maryland
U.S.A.
On several occasions I have lost track of my account balance by a few dollars and have received over a hundred dollars in fees because of one overdraft. This last time, I had roughly a hundred dollars in my account, made a couple thirty dollar purchases and then several small ones (you know, coffee, cigarettes, ten bucks for gas).
Monday morning, I checked the online balance and it said thirty dollars, made two purchases totaling twenty dollars, and came home to find that i had incurred 105 dollars in overdrafts that day. In fact, I had bounced by a little over a dollar, but ALL PENDING transactions were charged overdrafts.
Honestly, and maybe i'm just an idiot here, if only one transaction went negative, wouldn't you assume that I would be charged ONE overdraft? I ended up with yet another overdraft the next day when one of the check card holds went through(even though it had already been added in to make my account negative).
I can see the logic in making the penalties severe to prevent abuse, but isn't the 35 dollars to cover a few dollars enough? why do they need to overdraft things that NEVER OVERDRAFTED??!! It's a slightly different problem from the one you are discussing, but I think that if you're going to talk about legality of fees, these ones are more likely to arouse SOME kind of response from the people who regulate banks.
Devin
Baltimore, Maryland
U.S.A.
