RANT: Overdrew my checking acct = $49 fees

[Ameesh]

Originally posted by: 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

it sounds like you made the system too complicated for yourself.

 

[Homerboy]

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?)

Ah so you're one of those pain-in-the-ass customers that doesnt take credit for their own mistakes and asks others to cover it up for them? Makes sense...

 

[DeafeningSilence]

I've bounced checks twice in my 7 years of banking, and I've gotten both fees cancelled by going in and asking nicely. It's worth a try!

 

[Homerboy]

Originally posted by: DeafeningSilence
I've bounced checks twice in my 7 years of banking, and I've gotten both fees cancelled by going in and asking nicely. It's worth a try!

"nicely" being the key word.

 

[Red]

Ah so you're one of those pain-in-the-ass customers that doesnt take credit for their own mistakes and asks others to cover it up for them? Makes sense...

Not at all. I openly admitted (the once or twice I've overdrawn since I was 18, I'm 21 now) that I overdrew because of careless registry habits I had at that point, but with skillful negotiation I had my fees creditted back.

 

[Homerboy]

Originally posted by: Redhotjrm

Ah so you're one of those pain-in-the-ass customers that doesnt take credit for their own mistakes and asks others to cover it up for them? Makes sense...

Not at all. I openly admitted (the once or twice I've overdrawn since I was 18, I'm 21 now) that I overdrew because of careless registry habits I had at that point, but with skillful negotiation I had my fees creditted back.

welll first off you stated you "b!tch/moan to most large corporations and get what [you] want" Thats your skillful negotiations? Negotiations are usually 2 sided in resolution correct?

You also state "but I hate paying banks for something that doesn't hurt them at ALL" ...
Umm how doesnt you're being overdrafted hurt them? Thats how banks, a publically owned/traded company (or privately I guess) makes money. No $ in your account = them giving you (and thousands of other overdrafted accounts mind you) a free loan... thats less money for them to earn intrest on etc etc. It hurts them plain and simple. I'm going to go to my bank and ask for a $50 floater until next payday... I PROMISE I will pay it back... I PROMISE.

 

[Red]

Originally posted by: Homerboy

Originally posted by: Redhotjrm

Ah so you're one of those pain-in-the-ass customers that doesnt take credit for their own mistakes and asks others to cover it up for them? Makes sense...

Not at all. I openly admitted (the once or twice I've overdrawn since I was 18, I'm 21 now) that I overdrew because of careless registry habits I had at that point, but with skillful negotiation I had my fees creditted back.

welll first off you stated you "b!tch/moan to most large corporations and get what [you] want" Thats your skillful negotiations? Negotiations are usually 2 sided in resolution correct?

You also state "but I hate paying banks for something that doesn't hurt them at ALL" ...
Umm how doesnt you're being overdrafted hurt them? Thats how banks, a publically owned/traded company (or privately I guess) makes money. No $ in your account = them giving you (and thousands of other overdrafted accounts mind you) a free loan... thats less money for them to earn intrest on etc etc. It hurts them plain and simple. I'm going to go to my bank and ask for a $50 floater until next payday... I PROMISE I will pay it back... I PROMISE.

But do you think a $5.00 warrants a $29 fee and $6 every day after that? (BTW, I have overdraft protection and have not overdrafted in a long time) I just don't think banks are really hurting. An overdraft of hundreds or thousands of dollars, which may tangibly (spelling) affect their compound earnings warrants a fee, but... $5.00 ?

 

[Homerboy]

But do you think a $5.00 warrants a $29 fee and $6 every day after that? (BTW, I have overdraft protection and have not overdrafted in a long time) I just don't think banks are really hurting. An overdraft of hundreds or thousands of dollars, which may tangibly (spelling) affect their compound earnings warrants a fee, but... $5.00 ?

The amount is fairly irrelevant in my eyes. You signed a "contract" when opening the account did you not? Stating what the rules, and penalties for breaking those rules were? $5, $50, $5000... an overdraft is an overdraft. If there was no penalty for $5, then why wouldnt everyone at that bank jsut keep overdrafting by $5. Lets see (taking it to the extreme I know but...) 1,000,000 customers all at -$5 is -$5,000,00 per day. Adds up I guess

 

[Spencer278]

my banks over draft protection sucks for use the overdraft it is like 15 dollars and some fee perday. That is inadition to the fee the charge just for having over draft protection.

 

[Hammer]

call them. if its only happened once, they'll waive it for customer sat.

 

[DaWhim]

ask for courtesy

 

[mugs]

Originally posted by: Redhotjrm

Ah so you're one of those pain-in-the-ass customers that doesnt take credit for their own mistakes and asks others to cover it up for them? Makes sense...

Not at all. I openly admitted (the once or twice I've overdrawn since I was 18, I'm 21 now) that I overdrew because of careless registry habits I had at that point, but with skillful negotiation I had my fees creditted back.

Haha... skillful negotiation... What exactly did you use to negotiate with? Threaten to take your negative balance to another bank? You did not negotiate, you whined until they got tired of talking to you.

I had an accidental overdraft situation a while back... I wrote a check, it wasn't cashed, and in the meantime I forgot about it (yeah, I check my balance at the ATM, I know I'm not supposed to do that, but I rarely have so little money in my account that it would matter). The thing is, the bank started charging overdraft fees when my balance was still $75, and the overdraft fees caused even more overdrafts - 7 total. $224. I think I figured out that 4 of them were legitimately my fault, 3 of them were most likely not. I called the bank to ask if they would charge me for only 2 or 3 of the overdrafts, since I obviously did not realize I was overdrawn when I made all of those purchases. I knew they didn't HAVE to, but I figured it couldn't hurt to ask. To my surprise, they credited me for ALL of the overdrafts. Nice bank.

 

[Thegonagle]

Hey, look on the bright side: You just helped pay your own salary!

Ha Ha, just kidding.

Really, the fees have been getting out of hand lately. They used to just be a "don't do that again" slap on the wrist for customers. Now they're seen as a significant source of income to the banking/lending industry.

That's one reason I closed my Wells Fargo checking account that I had open for 10 years--since before I was even 18! (Ever-poorer service since W-F assimilated my original bank is the other reason.) I'm also hesitant to apply for any new credit cards from anyone other than my credit union. (With people flocking from banks to credit unions, I just hope credit unions don't start on the same corrupt down-hill slide as banks. At least credit unions still purport to run as non-profits, although there's the always the possibility of corruption among the directors.)