This bank sets up a perpetual overdraft in your account. I can go over by $1, and I'm charged $39 - now, I'm over by $40! Because I'm over by $40, I can't pay another bill, but if I have to, they'll charge me ANOTHER $39, since they took the original $39!
And so on, and so on, etc. Etc. I tried to tell them what this means for someone who doesn't make a lot of money - because I'm charged such an excessive fee ($2 or so, I could understand) - it turns into a snowballing effect - Because you took $39, and I can't cover my next bill, you'll take ANOTHER $39. I told them that this would be THEIR fault eventually.
Their advice: Don't pay your bills! LOL Sure, buddy, now THAT is a great idea.
They know darn well that a check goes in every Thursday morning and has for years, and I believe, as the "USA Today" article last week said, that they are deliberately taking out your money to pay the bills, charging the excessive fees, and THEN putting in the deposits.
And, this is happening mostly to people who have lower incomes, and you never get a chance to catch up! They make it impossible. One time, they took $350 in one week! That is just ridiculous. THAT is way beyond excessive. We have to start fighting these fees - I know that most of the banks are like this.
0 comments