Checking Account
Overdraft fees

I had a banking account with fifth third bank. I also have a life insurance policy.in order to pay that policy I needed a checking account I went to the closest bank to me which was fifth third to do the account. I put $50.00 in the acount to start it. Our life insurance was coming out on the second of every month. So on the three days before it was to be taken out my husband was paid we put the money in, but on the second for some reason the money was still not in the account. We used cash to do so. 5/3 charged us $25.00 in overdraft fee plus $8.00 a day. We did not know that we were overdrafted until it was too late and it was $275.00. I do not have a job I am a stay at home mom with my 3 month old premie son. So we are living off my husbands minimum wage job only paying rent, phone bill, gas bill, car insurance, and other odds and ends for our son as well as ourself including gas for the car and food. We tried to close out the account and pay as we went but they refused to do so. They said we have to wait until it goes to collections so we now owe $375.00 to 5/3 bank. We will never be able to pay that off in our life time. Please if you need a bank do not go through 5/3 bank. How they are still in business I don't know and really don't care I just know that they are raping people of their money and don't care about how bad our economy is.

Company: Checking Account
Country: USA
State: Ohio

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