Fifth Thrid Bank
Overdraft rip-off Orlando florida

Business & Finance

This bank has established policies that are intended to maximize revenue at the expense of customer. They charge overdraft fees based on transactions that have not yet posted to the ledger. At ledger posting, these transactions are posted prior to offsetting deposit transactions for the same posting period.
The result is an account that never shows a negitive ledger balance is charged over draft fees. To make matters worse, the process withdrawal tranactions are posted from highest to lowest amount to maximize the number of over draft charges assessed.
Using this criteria, overdrafts of small amounts can result in very large fees.inaddition, fees are charged for accessing overdraft protection funds.
This bank received bailout funds totaling to nearly 4 billion tax payer dollars. Call your congressional representative and ask for immediate action to stop this unfair practice.
Fifth Third is not the only bank that uses the practice.


Company: Fifth Thrid Bank
Country: USA
State: Nationwide
Site: 53.com
  <     >  

RELATED COMPLAINTS

First Convenience Bank
First National Bank Texas Charge OD Fees based on available balance instead of current balance resulting in fees charged to spend my money

Bank Of America, N.A
Bank Of America overdraft fees on items not yet cleared - money not withdrawn on account yet

Fifth Third Bank
5/3 Bank () Charging overdraft fees on pending transactions

First Convenience Bank
First National Bank of Texas Bank will juggle your transactions to maximize their overdraft fee

Wachovia
Wachovia's Transaction Processing Fraud: Maximizing Their Overdraft Potential At My Expense

Wachovia
Overcharged

National City Bank, National City Corporation
Unethical fees and a frustrating bank administrato

Bank Of America - BofA
Overdraft charges on available balance not ledger balance

Associated Bank
Associated Bank's new Overdraft Fee Scheme

TD Bank
Overdraft Fees