X.com terminates overdraft protection without informing customers in advance

[Bermar]

Many of you use x.com overdraft pretection very often. Be careful! I just got a message that x.com is going to terminate its overdraft protection as of today. So if you wrote x.com check recenly against your x.com overdraft credit line, you may be in trouble. It appears to me that x.com did send this message to everybody. My DW, for example, has not received anything.

You are welcome to vote against or for this decision at
i-bankdesign board
If I have enough votes, I will try to make public aware about your opinion.

Here is email:

Dear XFinance Customer:

Thank you for using the X.com Website, which currently provides you access to banking products from First Western National Bank (the "Bank&quot and
investment products offered by the X.com Funds. Since its launch, the success of the X.com website has been tremendous, in part, due to the many customers who use the X.com website for their banking, investment, and electronic payment needs.

Upon review of the various programs through the X.com Website, X.com and the providers of financial services through the X.com website are implementing certain changes that could affect your account. For example, effective today, the Bank is eliminating all overdraft lines of credit. Customers with outstanding balances can continue to pay down their outstanding balance, in accordance with the Overdraft Agreement; however, no Bank customers through X.com will be able to borrow additional funds against their overdraft line of credit. Please plan your check writing and debit card activity accordingly. As a reminder, you can deposit money into your checking account two ways: electronic funds transfer or by mailing a check"

 

[Onepotato]

What is there to say but SCUM. A dirty, underhanded, bunch of jerks at X.com decided to do this without informing their customers first.

I will refuse to use their bank any longer and Paypal as well.

Imagine how many people have been on vacation and find themselves stuck. There are undoubtably any number of scenarios where faithful customers are left stranded or worse. All this scum-sucking pig-mating company had to do was give their loyal customers a thirty day notice to allow them an opportunity to adjust, but NOOOO, just like so many other $HITHOOK online companies have done in the past they screw their customers over. They notified after the fact.

I know many Anandtechers here use either Paypal or X.com and I say find another company to do business with; I say we speak up and post reviews and trash this company for what it has done. I believe this is the worst yet from any company. It's not like they have hit hard times and are bankrupt, hell no, these maggots even have the audacity to recommend to all those they screwed to sign up for a Paypal account in the same breath they said screw you.

If anyone here can post a list of sites where we can place the reviews X.com/Paypal deserves then please reply in this thread.