Bank of America Overdraft fees
 

the person in this picture is bank of america's CEO Brian T. Moynihan.

i'm so fed up with bank of america's shit, had to post this.

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in better news, this is the last time im gonna be able to post for two months or so, im off to the military exam tomorrow (MEPS) and then off to chicago for bootcamp!

You spend more than you have...they want compensation for the "loan" they gave you instead of just denying your ass money...if that is this big of an issue I suggest you find another bank...A Credit Union maybe? They usually have pretty good interest rates as well.

Have a nice day.

or, they make an error in my account and its now worth 400 bucks?

tried complaining, this shit happened twice to me. the same shit. they refunded only half the first time, and now they wont refund anything. completely their fault!!! i had money in my account to cover it and they charged an overdraft!!

fucking assholes. i'm gonna take them to small claims court.

oh btw, i read somewhere that they are going to get rid of overdraft fees at some point... wish that point had been today.

If it was an error on there part, I suggest continuing to call back rationally talking to different people and their manager's until you find someone who speaks english and has an IQ of more than 6 and they will help you out. Calling and yelling and shit will get you nowhere.

i didnt do that either. they kept telling me that they cant do it because they already gave me courtesy refunds already, which is bullshit because somehow they fail to see that it is completely bank error. do they not offer refunds anymore or something? i never got that memo.

If its the banks fault i dont see why they wouldn't refund the money.

Wells Fargo has been amazing to me, they have even refunded me a few times for my overdraft fees when it WAS my fault.

+1, WF is the shit.

bank of america gives you 5 days to pay off your overdrafted fee's. on the 2nd day they will send out a courtesy snail mail post card informing you also and if you signed up for the email alerts you would have been noticed the first day.

Overdraft fee's suck i know, ive have my share of them but with my old bank (U.S bank)

Try getting into the habit of checking your account online daily so shit like this doesn't happen.

I use a local credit union. They're fairly lenient. But I still hope that them getting rid of overdraft fees is true. I been hearing about it for a year already.

For us military folk USAA is the only way to go.

Oh man.... I feel my rant about banks coming on... must resist.... arrrrrgh!

I hate banks.

ATM's demonstrate why monopolies must be watched and occasionally bitch slapped. The ATM was the single greatest cost reduction in banking history. They were able to fire legions of tellers, and close expensive branches across the country.
And for this, they have jacked rates to $3 bucks to take out $20 out of your account.

And the costs of taking money out of an ATM are remarkably stable in a region. If one bank is charging $3, most will be charging $3. In any other business we'd be screaming about anti-competition price fixing. But not banks.

And don't even get me started about predatory loans and over draft fees.

I hate banks..

If it really is an error like you say I'd get them to print off a statement for you and take them to small claims like you said. Banks suck and there isnt anything you can do about it.

Edit: This thread makes the OP's user-name a tad bit ironic.

so what happened?

Your life is a series of clusterfucks.

My bank fucks me with them. Of course it's my fault most of the time, but sometimes you can't help it when on a tight budget. What gets me is that they threaten to close my account when I get more than a few a year. I don't see why they should be concerned, they get fuckloads of free money out of me because they had to front me $5 that I overdrafted. I go over a few bucks, they charge me $35, and I pay them usually within the week. I need a new bank.

Can't be worse than my bank.

Everything I buy is with a debit card. DEBIT. When I signed up for the card one of their 'features' was automatic overdraft protection which never works. They claim if you try to buy something on debit that will charge your more than available funds it'll just deny the transaction. What happens instead?

Go $0.50 overdrawn and they charge you THIRTY DOLLARS!!! Then you have to call and pitch a bitch. They start new business day at 14:00cst, and even if you go over but deposit enough money to get back in black they still charge your ass.

Fuck banks. Fuck credit cards, especially.

I've had this one credit card since 1998 that honestly I haven't used in 5 or 6 years. Called the other month to close the account and was advised by the representative on the phone that closing the account might have an adverse affect on my credit rating (which I didn't believe) but told them I'd look into it. Never did get around to the research however. They send me a blank statement every month even though I haven't charged anything to it in years, but yesterday I receive an 'official' looking letter that I was 30 days behind on my balance which they kindly tacked a $35.00 late fee on. Typically I'll open those statements every 60 days and run them through the shredder but hadn't done so yet, so I went back and opened the Feb statement to see a late charge added to an $18.50 carried balance from Jan. Went back to the Jan statement to find a "ANNUAL FEE" of $18.50, then their $35.00 fee tacked onto that for a grand total of $53.50!!!

Of course its 17:30 at this time and their customer service department lists on the bill it closed at 16:30cst, but I called anyway. Gave the dude my account info to have him inform me of a past due, asking how I'd like to take care of it. Told him I wasn't paying it and knew nothing about it. He went on some sales pitch about how they sent out a letter in November of last year about changes to your account and giving you the opportunity to 'opt out' of the yearly fee (What the FUCK!? OPT OUT OF THEIR FEE????" and I hadn't done so, so they assumed I would be willing to pay it.

At this point I simply explained to him that I considered closing the account, decided to keep it open for a bit just in case something happened but now am going to close the account. Also pointed out that I fully planned on NOT paying the 53$ which he promptly offered to credit. He was going to put me on hold for a few minutes then just hung up on me. Called back and got another operator who I gave my account number to and before I could get another word out of my mouth SHE started in on me about this fucking letter they sent out.

I went off on her about charging customers 30% interest for carried balances and how absurd I thought it was they expected people to pay for the pleasure of getting assfucked by them each and every month, ontop of their 30%. Informed her I would be closing my account at this time when she interrupted me back into her lecture about the letter of change of account that was sent out..

What happened? She credited the charge then got off the phone with me quickly as possible, instead of closing the fucking account like I requested! Dirty bitch...

checking with overdraft to savings with overdraft to credit card = never having to call up and be their bitch.

also, local credit unions are more likely to not charge you assrape fees.

did you know some banks do this:

1. your balance is 100 dollars

2. you make a deposit at 8am for 100 dollars

3. you withdraw 101 dollars at 3pm

4. they overdraft you by 1 dollar at 3pm and clear the deposit at after that "by 5pm the same day".

they just made $35 off your ass on a technicality.

banks were'nt you going to ship off to bootcamp yesterday the 22nd?????????????????????????????????????????????? ?????????????????????????????????????????????????? ????????????

Was the deposit a check or cash? Cash is made available right away, and according to the Expedited Funds Availability Act (Reg CC), ALL US banks are required to make at least $100 available the next business day, dependent on the type of check/s deposited and your account status. Depending on your bank's turnover date, that $100 MUST be made available (federal law). If their turnover period is 4PM, and you withdrew at 3PM, what they did is legal. If the bank overdrafted you even though they were already on the next business day (say they turnover at 2PM and you withdraw at 3PM), well, they can't do that.

Note that before 20 years ago, this law wasn't passed and banks could really screw you over. 1 business day availability and 7 day full availability really is a pretty fast time considering before we didn't have the Automated Clearing House. yay technology!

What all of you need to do is open an account at my bank and refer me please. :idea:

Order of operations:

Open for business, process all withdraws from largest to smallest regardless of date, process all deposits from smallest to largest regardless of date, collect fees from n00bs with overdraft protection.

BOA sucks, never use them. They like to give credit cards to illegal aliens. You and I end up paying for that default.

Quoted for sad truth. Sad America, our 30% credit cards, and %0.009 interest savings account in the same bank.

When I first opened my savings account it was 6%, now it's what 1.1% awesome :jerkit:

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.

Ive had BOA since 1999, yet to pay one overdraft fee. Sounds like you guys fail at math.

I hope it isn't.

If they take away this penalty, then those of us who use our bank accounts responsibly will see a reduction in the benefits we enjoy in order to pay for your behavior.

For a credit card account you have an option to pay what you owe and have 0%. If you want your money out of your savings, the bank must pay what they owe, plus %0.009 interest that has been accumulated. They can't just be like, "I'll give you some money from your savings now, and pay the rest to you with 30% interest until we get more money." Well, they could, but they already have the money.

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.

This.

We've been with them forever. Dave Ramsey, whose advice I follow, says they're unfriendly, but I've never had any run-ins or fees.

+1

It's also worth noting that if you shop around, you can find higher-yield deposit instruments that allow you to retail liquidity.

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.

money market accounts ftw

I just bought some Toyota HVAC control slider knobs on eBay, and the seller also included one Iraqi Dinar and a note listing all the investment possibilities with the new Dinar. It seems pretty safe, I'm going to invest all my liquid funds into Dinars.

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.

Having worked in Iraq for over 5 years, I think that is an extremely risky investment.

But this eBay seller told me that if the Dinar increases to just equal the next-lowest Middle Eastern currency, I could turn $10,000 into $260,000!! I don't see how I could lose.


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?

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. :rolleyes:

looks like i have no time to bring them to small claims court. they would probably pussy 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.

that didnt explain to me why you have fees or errors...

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 :crx:

shit just happens to me. i hav bad luck.

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

This right here is my official goodbye to miataturbo for a couple months. my recruiter is on his way and i need to pack the little shit i needa bring. its been gr8.

I think you're confused...to your recruiter, you ARE the little shit he needs to bring.

Best of luck, hope you survive.

get plent of sleep tonight they most likely process you at like midnight 1 am hell it's been over twenty years and i still remember my first night like it was yesterday

-Banks- get USAA, but be aware, you still get penalized for stupidity. So as long as 'bad shit' just happens to you, and you aren't causing the 'bad shit' USAA WILL fix it.

I'm glad you said it first. Try not draining your bank account to zero before the month ends, bad habit.

I haven't lived check to check but I keep a minimum of $1,000 in my checking account. I consider that my "zero" balance. Never pay NSF or overdraft fees.

It's really quite simple. And I use a credit card to pay for everything, most debit cards don't offer rewards and offer less protection against fraud and such.

Banks, I don't know how a little pussy ------ like you will handle six hours in the military. If they have dumbed down the military to the point that a little pussy ------ like you can handle it, I feel sorry for the military.

Here's hoping that they man you up, even a little bit. Maybe when you're curled up in the fetal position crying like the bitch you are about how it's just too hard they'll explain that you have nobody but yourself to blame for stupid shit like your overdraft fees.

http://andersonpooper.files.wordpres...tal-jacket.jpg

Frank

Unfortunately they have for the most parts. Spec Ops is still top notch but the rest of the training is soft and pussy-like. Can't smack a recruit upside the head anymore, WTF????

im sure it's like the rest of the military accidents happen banks is prob learning some pretty harsh lesson in life right about now hope he learns how to fold his cloths just right or there will be hell to pay:giggle:

Back on just to check in. i can't believe it's been 2 years since i had my miata.

And yeah, the military changed me quite a bit. learned some valuable life lessons. The major one being, don't be friends with a drug addict in the military; he will screw you over, and your command will find out and you will be discharged from the military.


With that said, i'm out of this forum for good this time..I don't feel like searching for all the "kind" word's you've said about me since i've been gone (i'd imagine some inappropriate remarks were made, but I don't blame you,) and i'm not saying you guys said anything about me either.

But I if you did, I was very immature then, hope you guys can understand it for what it was. I actually do feel like apologizing for coming off as a dbag noob to anybody on here.


I'm moving on with my 300zx though. Take care everybody.

So, you got kicked out?

who are you?

Yeah, I did. In the process of appealing the discharge, then appealing my RE4 code.


Braineack. I just looked at my old posts, if Hustler still posts here, he can tell you who I am. I dont even know how it got to the point it did, but idc really. I'm out though. Maybe sometime I'll be back but I hope by that time it's with a NC miata.

Can you delete my account? Or ban it? I won't be using this one when and if I come back in a few years.

you can do it yourself in the user cp. see ya.

you were in the navy for some point you the crew works as one one fuck up endangers everyone. as for an appeal you might as well fucking forget it walt disney tried his whole life to appeal his discharge gave to the war effort proproganda cartoons ect... they denied him to his dying day.
your chief prob informed you what a shit bird is didnt he:td:

nice to know you still suck at life


BTW...this shit IS as gay as:

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