Us Bank account policies and procedures are fraudulent and bad business. When I moved to TN my main bank did not have any branches in TN. So I opend a bank account with US Bank. They never stated that I would be charged. 25 cents for each purchase with my bank card and pin. Ok fine with that, when I found out and quit using it that way I could live with it.
But what they don't tell you is that they do this so that you will make purchases using the Visa or Mastercard side of your card. This is where they make their money "raping your account". Lets say you have $300 in your account, you make Visa purchases (lets say 5) totaling in the amount of $281. This then leaves you with $19 available in your account, because they take the money from your account and set it aside for these purchases. You then got to the ATM and withdrawl 20 dollars. This puts your account into overdraft, which you are charged once for. But you know all that money that they put aside to pay for your visa purchases, when each transaction comes in, they pull the money from your charge side and place it back into your account, then rewithdrawl it and charge you and overdraft for each transaction again. So that is 2 times they have taken the money from you.
My question to all is is there no Double Jepordy law, or Class Action that can be filed against this company for this? Think about it if you have $100 and put $50 aside for a bill and spend the other $50, thats still leaves you with $50 when that bill comes in, correct?
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