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Thread: I hate banks!

  1. #1
    Tropical Fish Enthusiast jimscott's Avatar
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    I hate banks!

    We just got a chain reaction for 5 NSF's. Why? On Christmas Eve Lynn made a CASH deposit. 2 days later the bank charges 5 NSF's, for what came through, totally a mere $91. The fees were $175. Why is it that we put cash in, which is supposed to be available immediately, do they wait to credit our account until AFTER debits came through? There oughta be a law against cheating us customers and some sort of ceiling for charges to not exceed the amount that came through. Then, when Lynn followed up on that, she was told that the bank followed the correct procedure and told that we should have overdraft protection. We already tried getting overdraft protection and we were refused.They're nothing but greedy cheats!

  2. #2
    scottychaos's Avatar
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    Jim,
    that sucks!
    I wasnt sure what you meant by "NSF" so I googled it..
    found this interersting story:

    http://www.crankycustomer.com/at_my_...endliness.html

    Im sure the bank will claim your deposit wasnt credited right away because of Christmas day...but there is no reason it shouldnt have credited to your account early on 12/26.
    was it?
    When did they credit it? oh...I see now..this whole thing happened on the 26th right?
    they chose to process the debts immediately before the deposit..
    how convenient..
    sounds like a scam to me.

    thats just really crappy customer service, and I would start looking for a new bank!

    Scot

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    Californian in DC DrWurm's Avatar
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    That suuuuucks. You should probably get away from that place as fast as you can.

  4. #4
    Doing it wrong until I do it right. xvart's Avatar
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    Sounds like that should now be SOP for opening new accounts at banks and ask about procedures for NSF's. That's a great story that Scotty linked.

    xvart.

    edit: I just realized the cash part. That is totally insane. They are holding the money in their hands!! Money doesn't have to clear - it just has to be put in the drawer.
    "The tragedy of life is not that every man loses; but that he almost wins."

    "Quis custodiet ipsos custodes?"

  5. #5
    Zero's Avatar
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    I have had that happen.
    banks make most of there money from 'fees' now.
    I had to contact my bank to put right about $75 in fees that shouldn't have been there because the money was in the bank. got it straightened out after a long conversation with a bank rep.
    SK-8 OR DIE

    growlist

  6. #6
    Lover of Mountains nightsky's Avatar
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    I had plenty of bad experiences with banks. We finally went with a local credit union, and it has been smooth sailing, with much friendlier and easier to understand policies. It may be worth checking to see if any in your area would be better than that bank that's strong-arming you.

  7. #7
    Hello, I must be going... Not a Number's Avatar
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    Tropical Fish Enthusiast jimscott's Avatar
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    Warren: Is that like a BBB for banks in NYS?

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