Bank of America Overdraft fees
#24
BOA is awful on overdraft charges. When I was still in the USMC I always got my pay DD'd to my checking. They would show it pending and usually wouldn't release the funds for a couple days.
So I didn't know this at first and paid my bills as usual on the 1st. I got raped for a couple hundred bucks in overdraft charges. So I call customer service the apologize and refund all the charges and say that there should never be a hold that long on my account.
I had the same thing happened the next month. So it was either have BOA rape me $35 a pop on overdraft charges or be late on bills. I was so happy the day I closed that account. I walked in as happy as could be and told the lady I wanted to close my account. She was very nice and asked was there anything they could do to keep me bacnking there. I said sure reund all those overdraft charges and don't hold my check for 3 days every month so I'm late on bills. She didn't say much after that.
I've been with Wells Fargo for a while now and just recently opened a USAA account. Both of those banks have been awesome so far.
So I didn't know this at first and paid my bills as usual on the 1st. I got raped for a couple hundred bucks in overdraft charges. So I call customer service the apologize and refund all the charges and say that there should never be a hold that long on my account.
I had the same thing happened the next month. So it was either have BOA rape me $35 a pop on overdraft charges or be late on bills. I was so happy the day I closed that account. I walked in as happy as could be and told the lady I wanted to close my account. She was very nice and asked was there anything they could do to keep me bacnking there. I said sure reund all those overdraft charges and don't hold my check for 3 days every month so I'm late on bills. She didn't say much after that.
I've been with Wells Fargo for a while now and just recently opened a USAA account. Both of those banks have been awesome so far.
#27
Also note that a savings account is primarily for savings. If your goal is to make more interest, consider something less liquid.
If you have overdraft problems, it's time to start getting a little more organized. As in, keep a check register or use online banking. And learn arithmetics.
#30
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For example, I like to keep at least $40-50k available in liquid cash, for "just-in-case" type scenarios (such as the $35,000 tax bill I have right now.) To this end, I have accounts to two different credit unions: San Diego County Credit Union, and Florida Central Credit Union.
FCCU pays me 4.41% APR on my checking account for balances up to $15,000, free transactions at all ATMs (including coverage of fees charged by the ATM owner)and free overdraft protection up to $300 per instance, $700 total.
SDCCU seems to have cut back a little bit recently. Apparently I'm only getting 0.6% APY from them on my money market account.
#33
Right. Though liquid accounts with a higher APY entail additional rules to that of a basic checking, which if not followed can induce consequences. For instance a money market account usually has a transaction limit per month, etc. However, the annual percentage yield on mms are fantastic.
.6% APY on a mm is NOT awesome lol.
Did you know that when asking for rates on say a CD or MM, the teller/banker must quote word for word "The annual percentage yield for [insert account] is xx% based on an interest rate of xx" to be in compliance with the equal credit and fair lending act? They can't say "APY" or forget to say the interest rate the yield is based upon. For homework I had to call several different banks to evaluate who did that and hardly any did lol.
.6% APY on a mm is NOT awesome lol.
Did you know that when asking for rates on say a CD or MM, the teller/banker must quote word for word "The annual percentage yield for [insert account] is xx% based on an interest rate of xx" to be in compliance with the equal credit and fair lending act? They can't say "APY" or forget to say the interest rate the yield is based upon. For homework I had to call several different banks to evaluate who did that and hardly any did lol.
#35
Seriously, though, I'm curious...there seems to this whole group trying to encourage investment in Iraqi Dinars. Why? Are they trying to artificially boost the value by a word-of-mouth campaign? Could you seriously affect a currency's value so much that it'd be worth the effort?
#36
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Yeah, I didn't even notice it had gone that low until today.
Just checked Mission Federal Credit Union and Point Loma Credit Union (the other two big ones in this area). Mission has the same rates as SDCCU, but Point Loma has a similar deal to FCCU with 2.25% APY on checking up to $25k. Guess I'll be opening yet another account, and yet another check card I need to make sure I keep at least 12 transactions a month on.
Fortunately, PayPal is a wonderful tool for satisfying the direct deposit requirements. I just deposit $1 a month from one account into another, and then move the same $1 back into the account it came from.
Just checked Mission Federal Credit Union and Point Loma Credit Union (the other two big ones in this area). Mission has the same rates as SDCCU, but Point Loma has a similar deal to FCCU with 2.25% APY on checking up to $25k. Guess I'll be opening yet another account, and yet another check card I need to make sure I keep at least 12 transactions a month on.
Fortunately, PayPal is a wonderful tool for satisfying the direct deposit requirements. I just deposit $1 a month from one account into another, and then move the same $1 back into the account it came from.
#37
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Join Date: May 2009
Location: 02184-5505 Braintree, MA
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looks like i have no time to bring them to small claims court. they would probably ***** out either way and settle if i had time to bring them there. they would have a hard time representing themselves in small claims court without a lawyer.
and you finally understand this now?!
no, tomorrow im shipping off!
remember 20100324. i have to stay at this hotel tonight, go to meps tomorrow, get sworn in part deux, then leave this shithole.
and you finally understand this now?!
remember 20100324. i have to stay at this hotel tonight, go to meps tomorrow, get sworn in part deux, then leave this shithole.
#39
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Join Date: May 2009
Location: 02184-5505 Braintree, MA
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im still trying to find out why the hell i got them. i think it was a bad glitch.
one time they credited me 50 bucks, then i spent it, then they took 50 out. then i said wtf i just spent 50 i didnt have to. then they gave me it back
**** just happens to me. i hav bad luck.
one time they credited me 50 bucks, then i spent it, then they took 50 out. then i said wtf i just spent 50 i didnt have to. then they gave me it back
**** just happens to me. i hav bad luck.
#40
You most likely wont get it back no matter what. I once overdrafted $.20 even though it said I had $30 in my account still. I than walked to the atm checked how much I owed hit with a $35 fee walked back to pay it and they had charged me another $60 in that 30 seconds. WTF?! Sure enough I had to pay it. Banks are fucked up and will take your money in ways that arent right. /end thread