RANT: Overdrew my checking acct = $49 fees

[RossMAN]

First of all it's my own damn fault and I feel like a dumb ass.

Last week I logged on to CreditCardsAtChase.com to payoff my Chase Perfect Card which had a whopping balance of $90.

I knew it was linked to my checking account to make online payments. Unfortunately since I have 3 CU and 2 bank accounts I got confused as to which CU it was linked to and ASSumed it was my primary CU's account.

2 days later Chase charges me $29 and my CU charges me $20 NSF fees for my idiotic actions. I have no problems paying the fees since we banks LOVE OUR FEES!

$49 down the drain

 

[RagingBITCH]

Checking Account --link--> Savings Account. Helps prevent from overdrawing For someone who works at a bank I'm surprised you don't have that setup on your own

 

[RossMAN]

Originally posted by: RagingBITCH
Checking Account --link--> Savings Account. Helps prevent from overdrawing For someone who works at a bank I'm surprised you don't have that setup on your own

I do but the savings account balance is piddly

 

[BigSmooth]

You're getting careless in your old age.

 

[RagingBITCH]

Originally posted by: RossMAN

Originally posted by: RagingBITCH
Checking Account --link--> Savings Account. Helps prevent from overdrawing For someone who works at a bank I'm surprised you don't have that setup on your own

I do but the savings account balance is piddly

A Grand Nagus with an almost empty savings account?!? *gasps!!* :Q

 

[RossMAN]

Originally posted by: BigSmooth
You're getting careless in your old age.

I think what I'll do from now on is use my CU's online billpay, that way I know for certain the source of the funds.

 

[FeathersMcGraw]

Any reason you have so many accounts? I'm assuming you're not carrying enough balance that you're pushing FDIC insurance limits.

 

[KGB1]

All that labor and frugelness, has led you to lose more, than you try to save. Don't do online checking, it is teh suck.

(well my chase bank has very pleasant looking clerks, so that doesn't hurt either )

 

[RossMAN]

Originally posted by: FeathersMcGraw
Any reason you have so many accounts? I'm assuming you're not carrying enough balance that you're pushing FDIC insurance limits.

LOL I wish I were pushing FDIC limits, it's more like the limits of poverty.

CU - Car loan, only there because they approved us for a car loan.

CU - Where the NSF occured, my wife uses this CU and I only use my acct solely for Paypal transactions.

CU - Primary CU where my savings and checking account are located.

Bank - Employer provided free checking which I no longer use.

Bank - Free checking with $7, too lazy to close it and it's free. Why close it?

 

[Ausm]

Besides Interest, Overdrafts are the 2nd largest source of income for the bank. They love them My 85 year grandmother racked up over 500 dollars of overdraft charges and those pricks never closed her account or sent her any notices. They also were well aware she was elderly and she has craploads of money in her saving accounts. If it was not for some government snafu with her SS checks she never would been in that predicament.

Syadmin

 

[Atlantean]

Make a website about how you got overcharged by your bank and you are accepting paypal donations to help rectify the situation.

 

[RossMAN]

Originally posted by: Atlantean
Make a website about how you got overcharged by your bank and you are accepting paypal donations to help rectify the situation.

Then wait for someone to create a dontsaverossman.com web site? No thanks.

I would donate all proceeds to this charity

 

[FeathersMcGraw]

FWIW, I prefer to simplify and close unused accounts. Fewer useless statements, fewer things to file, and protection against the inevitable minimum balance fee structure change.

 

[BigToque]

RossMAN,

Why dont you just get overdraft protection on your accounts?

I have a $750 limit on my accounts. If you go over, you pay like $5 for using the service and whatever the interest is on the number of days you are over the limit. (my interest is 21% yearly, but I just transfer the funds from my CC which has a 7.5% yearly)

 

[FelixDeCat]

Ive worked for a bank/mortgage comany since 1991. Just two months ago, I finally signed up for overdraft protection. I dont know why I didnt do this along time ago.

I bought a new car last month (2003 Miata) and put as much down as possible to get the payments as low as possible. WELL, my stupid insurance company cashed my payment to them for an incorrect amount and made my account overdraw. Now remember, Ive been working for this bank for 13 years and never have overdrawn my account. Talk about timing - I was fully protected. I only paid .19 in interest and paid it back immediatley, vs. a $25 overdraft charge.

 

[jagr10]

Ya, I have $200 overdraft. I could have made it $2000, but who the hell wants to be $2000 in overdraft. I set it low enough so i'm not tempted.

 

[PingSpike]

I have overdraft protection on my checking, it comes out of my savings automatically if overdrawn. I think it costs like 0.50.

Not that I'll use it, I always keep a lot of cash in the checking.

 

[Oakenfold]

Call up your credit union and ask them for the fee back, if you have NEVER bounced a check before I don't see why they wouldn't refund the charge to you.
I know you don't mind paying the fee but that's why you have an account with a credit union.

 

[Tom]

Go buy something at shopnbc using that $50 coupon..

now you're a dollar ahead !! :sun:

 

[GasX]

Originally posted by: RagingBITCH
Checking Account --link--> Savings Account. Helps prevent from overdrawing For someone who works at a bank I'm surprised you don't have that setup on your own

I had that. I got so used to it, I stopped putting money into the checking account at all and just let the auto-transfer take care of it whenever I used the ATM or debit card. Then they closed my savings account for having too many withdrawals...

 

[LAUST]

Cash > Credit

 

[Red]

Yeah, I second oakenfold's motion. I'll call/write and b!tch/moan to most large corporations and get what I want. The only time I overdrafted was when I first used a checking out and didn't use a check register. I would call up my bank and tell them to give me the fees back because they make enough money on interest. They would always say "We only credit fees back if its the bank's fault." Then I'd get the branch manager on the phone. This is where the deed was usually done. However, if they resisted, I then asked for the district or regional manager. And when I informed those managers about how un-customer service oriented their employees have been, my checking account gets back in the positive.

I know it's a bit frivolous, but I hate paying banks for something that doesn't hurt them at ALL. (Oh no, Jason's account went from $23.10 to negative -$5.50, let's charge him a bunch of fees because that makes sense?)

 

[RossMAN]

Originally posted by: Dead Parrot Sketch
Go buy something at shopnbc using that $50 coupon..

now you're a dollar ahead !! :sun:

DPS for Elite!

Anything worth buying there?

 

[Oakenfold]

Originally posted by: Redhotjrm
Yeah, I second oakenfold's motion. I'll call/write and b!tch/moan to most large corporations and get what I want. The only time I overdrafted was when I first used a checking out and didn't use a check register. I would call up my bank and tell them to give me the fees back because they make enough money on interest. They would always say "We only credit fees back if its the bank's fault." Then I'd get the branch manager on the phone. This is where the deed was usually done. However, if they resisted, I then asked for the district or regional manager. And when I informed those managers about how un-customer service oriented their employees have been, my checking account gets back in the positive.

I know it's a bit frivolous, but I hate paying banks for something that doesn't hurt them at ALL. (Oh no, Jason's account went from $23.10 to negative -$5.50, let's charge him a bunch of fees because that makes sense?)

That's not what i'm saying at all.
Credit Unions should be geared towards member benefits.
Banks towards stockholders.
I refund fee's like Rossman's quite often, people make mistakes we're all human, however if you have a habit of bouncing checks I don't refund anything.

 

[zixxer]

Originally posted by: Redhotjrm
Yeah, I second oakenfold's motion. I'll call/write and b!tch/moan to most large corporations and get what I want. The only time I overdrafted was when I first used a checking out and didn't use a check register. I would call up my bank and tell them to give me the fees back because they make enough money on interest. They would always say "We only credit fees back if its the bank's fault." Then I'd get the branch manager on the phone. This is where the deed was usually done. However, if they resisted, I then asked for the district or regional manager. And when I informed those managers about how un-customer service oriented their employees have been, my checking account gets back in the positive.

I know it's a bit frivolous, but I hate paying banks for something that doesn't hurt them at ALL. (Oh no, Jason's account went from $23.10 to negative -$5.50, let's charge him a bunch of fees because that makes sense?)

you're an asshole.