FUCK A BANK!!!! Share your stories
- Thread starter M BUTCHER 206
- Start date
most people that have any experience with a bank know that when they spend money and they dont have the funds they will be charged a fee for going negative.
i would have spoke to the manager or customer service when you got charged and let them know you never wanted a credit card or authorized approval for one. and that they can check that the monthly income AND mothers maiden name would be incorrect on the system. that right there would have got you some of those fee's reversed.
you are partly correct with the different level of overdrafts. (first time od = $23 or 25, after that 35) but this is only true for when you DO NOT have overdraft protection or any funds in your savings/cc. There are two types of od protection that wells offers now: savings account and credit card. And the transfer fee = $10. For credit card they JUST recently changed it so it depends on the amount they are covering but the max i believe is $25.
I would have gone talked to the fat bitch or fat cow's manager and caused a scene. But you have to also look at the other view. four months went by you said. thats four paper statments mailed out to you. you also have online banking which show you that your credit card has a balance. so in the end it could have been easily avoided.
dont blame the bank for your lack of responsibility.
ps i am a manager at wells.
i would have spoke to the manager or customer service when you got charged and let them know you never wanted a credit card or authorized approval for one. and that they can check that the monthly income AND mothers maiden name would be incorrect on the system. that right there would have got you some of those fee's reversed.
you are partly correct with the different level of overdrafts. (first time od = $23 or 25, after that 35) but this is only true for when you DO NOT have overdraft protection or any funds in your savings/cc. There are two types of od protection that wells offers now: savings account and credit card. And the transfer fee = $10. For credit card they JUST recently changed it so it depends on the amount they are covering but the max i believe is $25.
I would have gone talked to the fat bitch or fat cow's manager and caused a scene. But you have to also look at the other view. four months went by you said. thats four paper statments mailed out to you. you also have online banking which show you that your credit card has a balance. so in the end it could have been easily avoided.
dont blame the bank for your lack of responsibility.
ps i am a manager at wells.
lol, I just typed out a long ass repsonse to everything, but I got logged off before I submitted it and Im not going to retype it now...the jist of it is, they didnt inform me I owed anything on that account, I got my statements for my checking and savings, and I rarely had access to a computer at the time, but the times I checked it was never included in "My Accounts" on the website. Its not a lack of responsibility, if I knew I owed it I would have payed it, but for me not to know whats going on, have that amount balloon like it did, and then not even attempt to work with me on it. Whatever though shit was years ago, I dont really care anymore, but since your a manager on monday you can call Mr. Fargo and tell him to suck my dick.
yeah thats one of the problems, you cant rely on online statements because theyre so slow to update and hide transactions from you, and the phone statements are even worse. i remember one time it said my last transaction was one that was over a week old and i had like 8 transactions after that particular one... lol. then the letters they send you are of course two weeks behind, cant change that. it seems the only one who can see exactly what is going on is the teller, and they dont tell you even if you ask, from my experience. the whole system is there to confuse and mislead you. the only person who you can rely on is yourself. i guess if you want to bank you have to keep a ledger with all of your receipts and transactions written down... like the little old lady balancing her checkbook in the grocery line... exactly what i wanted to avoid. you might as well compute up a spreadsheet and file every record every single transaction like a fucking tax attorney
most of the times ive overdrafted have been on weekends when my balance wouldn't update and i thought i had more money then i really did and continued to spend until monday rolls around and im a couple hundred short...my last overdraft was because of an extra 200$ hotel charge apparently the howard johnson LAX doesn't appreciate smoking in the rooms...
thing is, it used to be a lot more reliable, but now its like its purposely delayed and held for shady motives
like tell me why putting money in on a thursday before memorial day, that shit STILL is held until tuesday. your deposit couldnt have been put in for friday or saturday, or uhh... THAT INSTANT like its supposed to be? just cause monday the banks closed they get to hold it hostage for 5 days? this happened to me once
like tell me why putting money in on a thursday before memorial day, that shit STILL is held until tuesday. your deposit couldnt have been put in for friday or saturday, or uhh... THAT INSTANT like its supposed to be? just cause monday the banks closed they get to hold it hostage for 5 days? this happened to me once
Think, why would banks deal with poor people that never keep enough money in their accounts to invest? Or who do not take out lines of credit? Why would they watch your money for you? If you have $50 in the bank and use your atm to purchase something for $2 then $3 then $5 then $6 then $49 they will still clear the $49 check first so they can hit you with four overdraft fees instead of one. Even if you did the other ones first. That's how they make money off of poor people or irresponsible people. I would sue the bank that opened up a line of credit without my permission. They have your sS, maiden name and all of that from when you opened the account. If I didn't sign shit then take it off. They piss me off with the holds. I have a good account but when I put in large checks (at the atm) they always flag my shit. Suspicious atm deposit. WTF. Why would I wanna walk into the teller. My shit is supposed to clear the next day and they put 5 (working) day holds on it. I always make them take the holds off. I don't care if I don't need the money its the principal. Dont fuck with my shit. I have wells fargo. I knew WAMU was gonna sink when they gave all these people free transit rides that day. People were coming in my job happy like WAMU bought the busses today. Dumb ass marketing scheme.
because theyre offering a service which is ingrained in our lifestyles almost to the point of being a basic life necessity, and they should want to keep these customers for life. this in hopes that the customer possesses that level of trust and evnetually acquires enough financial security to open those lines of credit and to take out those ridiculous loans. youre not going to make those customers any richer by charging them hundreds of percents interest for covering a simple mistake. then again it has always and will always be the primary intent of the big bankers to sow debt and reap exponential returns, but they should not be allowed to utilize immoral tactics to do so
Look I didn't read the whole thing, let alone all of the replies, but I work for a bank so let me educate you;
1. Like the initial response to your ramble, ALWAYS keep sufficient funds in your account when using your debit card.
2. When a transaction such as your gas purchase posts in real-time as apposed to a few days later, that means that it was a PIN based purchase, as opposed to swiping your card at the gas pump and only entering your zip code.
3. At the end of the business day, bank settle using what are called "Transaction Codes" which delegate the order in which transactions post or "settle" against your balance. For example, if a deposit has a transaction #1 and a gas purchase has a transaction # 2, the deposit will post first. All banks have their own order in which they settle as it is not regulated federally.
4. If the branch manager EVER raises her voice or acts as if you are not the MOST important customer with the MOST important issue, ask for the name of a district manager, or an operations supervisor. Whether your situation was warranted or not, customer service is the branch manager's PRIMARY job.
I know my response was long winded, but it's the truth and I have a career in finance, so it's valid information. My suggestion to you? Cut up the debit card for a few months!
1. Like the initial response to your ramble, ALWAYS keep sufficient funds in your account when using your debit card.
2. When a transaction such as your gas purchase posts in real-time as apposed to a few days later, that means that it was a PIN based purchase, as opposed to swiping your card at the gas pump and only entering your zip code.
3. At the end of the business day, bank settle using what are called "Transaction Codes" which delegate the order in which transactions post or "settle" against your balance. For example, if a deposit has a transaction #1 and a gas purchase has a transaction # 2, the deposit will post first. All banks have their own order in which they settle as it is not regulated federally.
4. If the branch manager EVER raises her voice or acts as if you are not the MOST important customer with the MOST important issue, ask for the name of a district manager, or an operations supervisor. Whether your situation was warranted or not, customer service is the branch manager's PRIMARY job.
I know my response was long winded, but it's the truth and I have a career in finance, so it's valid information. My suggestion to you? Cut up the debit card for a few months!
I just opened an account with the SF Fire Credit Union, it used to be for Firefighters only but now its open to all who work/live in the SF/San Mateo/Marin county. All the money they make goes back to its members, not to outside shareholders like BofA does.
no fees at all, just a $5 startup fee and the only other charge is overdraft with is $40. Which I never do.
The thing i like is that you can use ANY ATM machine and they will refund you the fee within 24 hours, thats a big plus. Also they sent me hella checks which BofA never did, BofA just gave me like a page of 8 checks i had to rip off one by one.
I'mma see how it goes and maybe just move all my money to this account....for now jus gonna stash some cash in there and use when i need money and there are no BofA ATMs around...
no fees at all, just a $5 startup fee and the only other charge is overdraft with is $40. Which I never do.
The thing i like is that you can use ANY ATM machine and they will refund you the fee within 24 hours, thats a big plus. Also they sent me hella checks which BofA never did, BofA just gave me like a page of 8 checks i had to rip off one by one.
I'mma see how it goes and maybe just move all my money to this account....for now jus gonna stash some cash in there and use when i need money and there are no BofA ATMs around...
since u bumped this thread:
a lot of the banks have updated there overdraft policy where if the purchase is under $5 (bofa/wells) or $10 (chase) they will let the purchase go through and NOT charge you an overdraft fee. Also you will only be charged the most four times in a day with wells now.
Best option is they give you the option to remove overdraft protection. So if the money is not there the card will get declined. Although embrasing for those that dont have the money, but a realty check for the dumbass's who continue to spend $2.49 at mcdonalds and get a nice $35 over draft fee.
a lot of the banks have updated there overdraft policy where if the purchase is under $5 (bofa/wells) or $10 (chase) they will let the purchase go through and NOT charge you an overdraft fee. Also you will only be charged the most four times in a day with wells now.
Best option is they give you the option to remove overdraft protection. So if the money is not there the card will get declined. Although embrasing for those that dont have the money, but a realty check for the dumbass's who continue to spend $2.49 at mcdonalds and get a nice $35 over draft fee.
@M BUTCHER 206
YEAH MAYNE!!!
I HAVE THAT SAME EXACT STORY TO THE TEE!!!
I'VE HAD NUMEROUS CONVERSATIONS/ARGUEMENTS WITH THEM ABOUT HOW THEY REARRANGE YOUR CHARGES TO BENEFIT THEM IN MAXIMIZE'N' THE POSSIBLE OVERDRAFT FEE'S!!!
YEAH MAYNE!!! BEEN THERE!!!
BECAUSE OF THIS I HAVE SWITCHED OVER TO "WELLS FARGO" WHERE THEY OFFER ADVANCES AT $2 FOR EVERY $20 IF YOU HAVE DIRECT DEPOSIT UP TO $500!!!
BUT IN THE END, IT IS OUR RESPONSIBILITY TO PAY ATTENTION TO WHAT WE
MAKE AND HOW MUCH WE SPEND!!!
YEAH MAYNE!!!
I HAVE THAT SAME EXACT STORY TO THE TEE!!!
I'VE HAD NUMEROUS CONVERSATIONS/ARGUEMENTS WITH THEM ABOUT HOW THEY REARRANGE YOUR CHARGES TO BENEFIT THEM IN MAXIMIZE'N' THE POSSIBLE OVERDRAFT FEE'S!!!
YEAH MAYNE!!! BEEN THERE!!!
BECAUSE OF THIS I HAVE SWITCHED OVER TO "WELLS FARGO" WHERE THEY OFFER ADVANCES AT $2 FOR EVERY $20 IF YOU HAVE DIRECT DEPOSIT UP TO $500!!!
BUT IN THE END, IT IS OUR RESPONSIBILITY TO PAY ATTENTION TO WHAT WE
MAKE AND HOW MUCH WE SPEND!!!
thats how they rape you, its legal extortion.
ive been done so dirty by wells fargo over the past 2 years with a story very similar... even with my credit card ive had problems... since then ive closed my account and strictly fuck with the green backs at the moment... i plan on opening an account again, just not any time soon...
this thread makes me feel like im not the only fuck with this problem.
ive been done so dirty by wells fargo over the past 2 years with a story very similar... even with my credit card ive had problems... since then ive closed my account and strictly fuck with the green backs at the moment... i plan on opening an account again, just not any time soon...
this thread makes me feel like im not the only fuck with this problem.
