Hey thanks, X-Box Live!!

[Xavier434]

Originally posted by: TallBill
Overdraft protection with a credit card for the win.

He's not talking about a Chase credit card.

 

[bsobel]

Originally posted by: Xavier434

Originally posted by: TallBill
Overdraft protection with a credit card for the win.

He's not talking about a Chase credit card.

Neither was TallBill

 

[Xavier434]

Originally posted by: bsobel

Originally posted by: Xavier434

Originally posted by: TallBill
Overdraft protection with a credit card for the win.

He's not talking about a Chase credit card.

Neither was TallBill

Oh wait! Did he mean applying overdraft protection by allowing the bank to charge your CC? I have not heard of this before but it just occurred to me that I may have mistaken what he said for this. If this does exist I may just switch to that myself if it is offered at my bank.

 

[MmmSkyscraper]

Originally posted by: Agentbolt
Way to mock my crippling fear of making my own choices in life, jerkstore!!

:laugh::beer:

 

[mugs]

Originally posted by: Agentbolt
Way to mock my crippling fear of making my own choices in life, jerkstore!!

Oh yeah? Well I had sex with your wife!

 

[OdiN]

Well his bank probably charged him 2 overdraft fees. The first overdraft fee occurred when MS charged him. Then Chase decided to take the overdraft fee out of his account, which overdrafted, creating another overdraft fee. It's so stupid, but banks do that all the time.

 

[Canai]

Originally posted by: pontifex
i would say call both.

 

[TallBill]

Originally posted by: Xavier434

Originally posted by: bsobel

Originally posted by: Xavier434

Originally posted by: TallBill
Overdraft protection with a credit card for the win.

He's not talking about a Chase credit card.

Neither was TallBill

Oh wait! Did he mean applying overdraft protection by allowing the bank to charge your CC? I have not heard of this before but it just occurred to me that I may have mistaken what he said for this. If this does exist I may just switch to that myself if it is offered at my bank.

Yes, if my checking account ever dips below $0 then my credit card picks up the tab so I don't get fees.

 

[Homerboy]

Originally posted by: Modeps

So, after two years, MS out of the blue, after canceling your account 2 years ago, just decided to charge your account for XBL, after TWO YEARS? That seems kind of far fetched. Have you done anything with Microsoft recently that would require you to pay for something?

Thats the part I want to know too... it just doesn't see to add up. After TWO YEARS of nothing your card is automagically charged?

 

[Homerboy]

Originally posted by: OdiN
Well his bank probably charged him 2 overdraft fees. The first overdraft fee occurred when MS charged him. Then Chase decided to take the overdraft fee out of his account, which overdrafted, creating another overdraft fee. It's so stupid, but banks do that all the time.

Ummm I don't think they can charge you an overdraft on an overdraft. That makes no sense. The cycle wouldn't stop.

 

[Fritzo]

My bank rocks with OD fees. They show pending charges and a day end balance on their site. If the day end balance is greater than $5, you get nailed. If you make a deposit before 1pm, they let it slide.

Sounds fair to me

 

[Bacstar]

Originally posted by: Homerboy

Originally posted by: OdiN
Well his bank probably charged him 2 overdraft fees. The first overdraft fee occurred when MS charged him. Then Chase decided to take the overdraft fee out of his account, which overdrafted, creating another overdraft fee. It's so stupid, but banks do that all the time.

Ummm I don't think they can charge you an overdraft on an overdraft. That makes no sense. The cycle wouldn't stop.

hehehe reminds me of that commercial...guy walks into bank...gets charged a fee...talks to teller...gets a fee... etc. etc.

As a matter of fact, I think banks charge fees for practically anything they can get away with.

 

[Xavier434]

Originally posted by: Homerboy

Originally posted by: OdiN
Well his bank probably charged him 2 overdraft fees. The first overdraft fee occurred when MS charged him. Then Chase decided to take the overdraft fee out of his account, which overdrafted, creating another overdraft fee. It's so stupid, but banks do that all the time.

Ummm I don't think they can charge you an overdraft on an overdraft. That makes no sense. The cycle wouldn't stop.

Correct. No bank does that since it is an infinite cycle. Even if they limited it to two fees then it would be impossible to even only get one fee from that bank which is equally ridiculous.

 

[OdiN]

Originally posted by: Homerboy

Originally posted by: OdiN
Well his bank probably charged him 2 overdraft fees. The first overdraft fee occurred when MS charged him. Then Chase decided to take the overdraft fee out of his account, which overdrafted, creating another overdraft fee. It's so stupid, but banks do that all the time.

Ummm I don't think they can charge you an overdraft on an overdraft. That makes no sense. The cycle wouldn't stop.

Uhmmm...yes they can, and yes they do. The cycle does stop because there is no cycle. They just want to ding you twice.

 

[Xavier434]

Originally posted by: OdiN

Originally posted by: Homerboy

Originally posted by: OdiN
Well his bank probably charged him 2 overdraft fees. The first overdraft fee occurred when MS charged him. Then Chase decided to take the overdraft fee out of his account, which overdrafted, creating another overdraft fee. It's so stupid, but banks do that all the time.

Ummm I don't think they can charge you an overdraft on an overdraft. That makes no sense. The cycle wouldn't stop.

Uhmmm...yes they can, and yes they do. The cycle does stop because there is no cycle. They just want to ding you twice.

I'll need to see proof through policy to believe that.

 

[Homerboy]

Originally posted by: Xavier434

Originally posted by: OdiN

Originally posted by: Homerboy

Originally posted by: OdiN
Well his bank probably charged him 2 overdraft fees. The first overdraft fee occurred when MS charged him. Then Chase decided to take the overdraft fee out of his account, which overdrafted, creating another overdraft fee. It's so stupid, but banks do that all the time.

Ummm I don't think they can charge you an overdraft on an overdraft. That makes no sense. The cycle wouldn't stop.

Uhmmm...yes they can, and yes they do. The cycle does stop because there is no cycle. They just want to ding you twice.

I'll need to see proof through policy to believe that.

Agreed
I find it impossible they would and even COULD do that to you account. How is there no "cycle"? The withdrawal causes an OD. Then they charge you ah OD fee. That OD fee causes another OD and therefore another fee. Wouldn't that 2nd OD fee then cause another OD and therefore another fee.... cycle.

Again I just can not imagine a bank charging a fee on a fee. They'd lose customers hand over fist.

 

[XMan]

Email your story to these guys: The Consumerist.

 

[OdiN]

Originally posted by: Homerboy

Originally posted by: Xavier434

Originally posted by: OdiN

Originally posted by: Homerboy

Originally posted by: OdiN
Well his bank probably charged him 2 overdraft fees. The first overdraft fee occurred when MS charged him. Then Chase decided to take the overdraft fee out of his account, which overdrafted, creating another overdraft fee. It's so stupid, but banks do that all the time.

Ummm I don't think they can charge you an overdraft on an overdraft. That makes no sense. The cycle wouldn't stop.

Uhmmm...yes they can, and yes they do. The cycle does stop because there is no cycle. They just want to ding you twice.

I'll need to see proof through policy to believe that.

Agreed
I find it impossible they would and even COULD do that to you account. How is there no "cycle"? The withdrawal causes an OD. Then they charge you ah OD fee. That OD fee causes another OD and therefore another fee. Wouldn't that 2nd OD fee then cause another OD and therefore another fee.... cycle.

Again I just can not imagine a bank charging a fee on a fee. They'd lose customers hand over fist.

I've seen it done. Was a Wells Fargo account. There was a charge which overdrafted - then an OD fee was attempted to be withdrawn, then another OD fee.

 

[Xavier434]

Originally posted by: OdiN

I've seen it done. Was a Wells Fargo account. There was a charge which overdrafted - then an OD fee was attempted to be withdrawn, then another OD fee.

Was that determined to be done due to policy or was it a glitch which was fixed through a phone call after it was discovered? I'd still need to see the policy to believe it mind you.

 

[TwiceOver]

Originally posted by: OdiN

Originally posted by: Homerboy

Originally posted by: Xavier434

Originally posted by: OdiN

Originally posted by: Homerboy

Originally posted by: OdiN
Well his bank probably charged him 2 overdraft fees. The first overdraft fee occurred when MS charged him. Then Chase decided to take the overdraft fee out of his account, which overdrafted, creating another overdraft fee. It's so stupid, but banks do that all the time.

Ummm I don't think they can charge you an overdraft on an overdraft. That makes no sense. The cycle wouldn't stop.

Uhmmm...yes they can, and yes they do. The cycle does stop because there is no cycle. They just want to ding you twice.

I'll need to see proof through policy to believe that.

Agreed
I find it impossible they would and even COULD do that to you account. How is there no "cycle"? The withdrawal causes an OD. Then they charge you ah OD fee. That OD fee causes another OD and therefore another fee. Wouldn't that 2nd OD fee then cause another OD and therefore another fee.... cycle.

Again I just can not imagine a bank charging a fee on a fee. They'd lose customers hand over fist.

I've seen it done. Was a Wells Fargo account. There was a charge which overdrafted - then an OD fee was attempted to be withdrawn, then another OD fee.

I don't know where you live, but you got fucked. From what I know, in SD and MN it is illegal for a bank fee to overdraft your bank account. This is ANY bank fee including the cost of reordering checks.

 

[aplefka]

Originally posted by: Kabrinski
I would say Chase first. Get that overdraft fee removed and talk to them about getting the payment to MS reversed, since you didn't authorize it. Then contact MS to find out why they charged you.

:thumbsup:

 

[mugs]

Originally posted by: XMan
Email your story to these guys: The Consumerist.

Seems a little premature to do that...