This company has numerous "rules" that make it so that they can charge an exorbitant amount of fees to a persons account. I opened my checking account 6 months ago. Within the first week of opening the account, I had an overdraft check that was not really overdraft. My husbands paycheck had been deposited on Friday and our bills paid. On Saturday a check posted to the account.
However, my husbands check was supposed not "local" (even though the business was only 20 miles away!) and therefore subject to a 3 day hold. Therefore, they sent back the check that came through on Saturday and charged me a $30 overdraft fee. This has happened on numerous occasions in the 6 months. I have argued round and round with the bank, but they do not care. They want their fee. I have never bounced a check before in my life. That is how the bank makes its money is all of the fees they charge customers. I have checked other banks around the area and this is the only one I have found to have this "local" rule. What they are saying is that my paycheck paid on Friday would not be available to me until Wednesday of the following week, while they in the meantime are using it to earn interest. It is a big ripoff!
Donna
Pen Argyl, Pennsylvania
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