The BB&T overdraft scam.
Let's say it's 01/01/08 and you have a balance of $100 in your account. On 01/01/08 you make separate purchases for $5, $10, $10, and $25. Your account balance is now $50. On 01/02/08 you make separate purchases for $10, $10, and $25. Your account balance is now $5. On 01/03/08 you make a purchase for $6. Your account is now negative, -$1.
You would think that you would be charged an overdraft fee for the purchase that overdrafted your account, right? Wrong.
BB&T will also charge you a $35 overdraft fee on all of the previous purchases, even though they were made while enough money was in your account to cover them. Add in the fact that if you check your balance via the internet or an ATM, your balance reflects the purchases made instantly.
Guess what? Now your account is negative -$316.
You are paying $280 in overdraft fees on purchases that you made while enough money was in your account to cover them. Not only that, they were covered. As I said, this bank's website and ATMs will show that the money was taken out in real time.
This practice by BB&T is definitely immoral and unethical. The next step is to find out if anything within the legal system can be done to stop it.
If there is anyone out there who can help, please contact me.
0 comments