My sister put $300 in Bank Atlantic on Friday. The Rep. Told her that she could spend $100 of it until Monday when the rest will clear. She did do as the Rep. Advised. So on Monday she believed her $ was clear and spent an additional $20. Making it a total of $120. On Tuesday she discovered that her account was negative $120. She went into Bank Atlantic to see what was wrong. At that time is when they told her they charged her 8 overdraft charges for going over her limit. (They made no attempt at anytime to fix the overdrafts.)
1st she did deposit $300. - That is her $ RIGHT?
2nd she only spent $120.
Seem like this is taking advantage of a hard working person? Maybe PREDITORY. I can see if she had no $ in the account and just spent away. Maybe then take 8 overdrafts.
If there was no $ in the account why let her keep using the account?
I am in the financial biz Non Banking related - I believe this is the next BANKING SCAM - (Predatory Practice = Bank Atlantic.) Seems like an act of desperation for a Bank that I hope goes under very soon.
MrDragonfly (REDACTED FOR SECURITY PURPOSES)
Boca Raton, Florida
U.S.A.
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