I agree with the Ft Myers person about 5/3rds ABUSE of overdraft fees! I have complained to my husband for years now about this. As of this writing, I am sitting here looking at a statement obtained directly from the hands of a teller at 5/3rd, and I am appalled.
The first thing I notice is a $111 overdraft fee on 3/25/09. I look all through that day, to see if there is any overdraft. Curiously, the *DAILY BALANCE* says our account has $169.95 on that day (3/25/09). HMMMM, not overdrawn on 3/25, yet somehow you are charging me $111? WTF???!!!
Of course, the next day there are some small things coming through, $14.15, $9.95, $30.00, $40.00... Which wouldn't have taken it over the limit, since we HAD $169.95 on 3/25. Oh yea, thats right, for some unknown reason, 5/3rd subtracted $111 from our available $169.95, leaving us with $58.95... Hmmmmmm. So now, on 3/26/09, when the above amounts go through totaling $94.10, NOW we are overdrawn -$35.15. And, curiously enough, we get another $111 overdraft fee on top of that. This statement continues on in the same insane manner over only a 4 day period. At the end, the fallout is $973 in OVERDRAFT FEES!!!
In 4 days time, Fifth Third had taken just short of $1000 from me. Wow. And it all started with a $111 Overdraft Fee for NO REASON AT ALL.
Yes, I know, some of you smug individuals out there are thinking, well, theres just more to the story this chick isn't revealing. I wish there were.
Even the tellers at my bank could not explain the $111 fee. They all stood there whispering and dumbfounded. Did I get back my $973? Nope. Did I get back my $111? HA. Yea, right. They are deciding on that, and even if they credit me back that money, they said it could take 10-14 days to show up!!! Wtf???!!! You can take it in a moments time from me, but I have to wait 10-14 days for it to be credited back???!!!
This insanity and ABUSE of OVERDRAFT FEES and other fees MUST STOP! We are allowing banks to be un-policed institutions in this area, and its not right! Other banks do similar crap.
Don't stand for it.
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