As I read FDIC Consumer Protection regulation 6500, when a bank puts a deposit on hold, they cannot collect NSF fees on that account if they have not previously informed the consumer specifically in writing at the time of the deposit that the fees may be collected and how one applies to have the fees refunded. BBT charged me hundreds of dollars in NSF fees after putting deposits on hold.
I am currently in the process of pursuing complaints with government agencies agencies. It is slow going, because BBT answers the enquiries with character defamation (libel in the form of a letter from a bank vice president who wasn't there), making false statements about my behavior in the bank one day rather than addressing the matter at hand.
While they have committed many egregious acts against me, the charging of NSF fees when a deposit is on hold alone without the proper notice, is an act in which they have probably taken miliions of dollars from unwary consumers. I am talking with an attorney about class action, and we may focus on this act alone or on many more.
Be prepared for a dirty fight but don't give up. If you need social support in your fight against BBT, please email me. If you have been charged NSF fees after they put your deposit on hold, I would like to hear from you and maybe put you in touch with people who are pursuing this issue if you are interested.
But whatever you do, or they do, don't give up. Remember the Gadsden flag of the American Revolution — quot;Don't tread on me".
Don't tread on me, BBT.
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