On Dec 24 a automatic deduct was allowed to through with insuffient funds by this bank. The deposits were made the same day the auto deduct was made and 3 small ATM charges also came in at the same time.
Overdraft charge $33 each and $7.00 per day Negative Balance Fees were charged to the account which is OUTRAGEOUS punitive predatory, parasitic and blantant usory.
After contacting Ms. Ellen Calmettes my wife was informed that they would not recind the $7 per day fee and will close our account on March 4th if we don't pay these fees now as of this report are at $305.22 and will be at $508.27 by 3/4. Don't pay the fees and she will turn us in to Chexsystem which means we can't open a bank account for 5 years.
What would have happened if we had not checked our account by internet? Well we would have received a written notice 10 to 30 days later informing of us of the problem. Translation, $70 to $210 worth of Negative Balnce fees and the usual "will be forced to close your account and report you ETC."
Thanks for banking with U S Bank.
60 minutes did a epose' on Sunday Jan 30th about excessive bank fees where the States Attorney General (I think it eas New York) was investaging excessive bank fees and contacted the federal agency that oversees these banks. The Feds basically told the State not to interfere and the Feds will handle it. The state should stay out it.
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