Michael
Bountiful,#2Consumer Comment
Sun, September 09, 2007
I am failing to see the rip off here. If you had enough money in your account to cover your bills it wouldn't matter what order they were paid. However, I DO agree that banks do like fees. Oh yes. LOTS of fees for everything. That's why I went to a Credit Union.
M Conner
Vermilion,#3Consumer Comment
Sun, September 09, 2007
My husband and I had the same thing happen to us! We deposited money at the atm on Saturday, over $4000 but the money didn't get credited to our account until Tuesday. Luckily only one overdraught fee was charged, but we were told it would have doubled every day if there hadn't been funds to cover it. I closed the account the same day. I wrote a check for the balance in the account, plus the $33 they told me they would credit my account for their "misunderstanding". We moved out of state shortly thereafter, and upon trying to open a new bank account we were denied. Apparently banks now have a reporting system much like the one credit agencies use. The $33 they were supposed to credit me had racked up over $700 in fees!! We were told that after 6 months you can no longer dispute it, so we ended up paying them $764.19 for something that wasn't our fault. I know switching banks is a hassle, but get out before they rob you too!