Inspector stated...
"Keeping
an accurate register WILL prevent these fees. Do you think the banks
are all crooked and just out to rip people off (like Karl)? Maybe
Stacey has many years of banking experience, as I do, and just trying
to educate these cry babies that cannot manage their funds, that the
problem is THEM."
I
can not (nor can anyone) debate whether or not keeping a register would have or have not
prevented any fees in THIS case..there is not any info given as per the
specifics which caused said overdraft...however the OP is claiming
"fraudulent activity". So what does that in itself tell us?? Nothing.
Unlike Karl, I stick to the topics of the
reports, and rebut if I feel the bank did wrong and someone puts all
the blame on the consumer. Now granted karl seems like a kook and
extremist..but some of the links he suggests we visit..seem to be
factual and reported from legitimate news agencies..perhaps we can
learn something..even from a whack job..
As far as me thinking
"the banks are all crooked and just out to rip people off"...perhaps
this is a gray area as apparently the laws have been protecting
them..but you tell me..from these statistics of the fees the banks have
collected due to re-sequencing and charging fees for transactions which
had the funds at the time of transaction...
Industry statistics.
Banks are projected to collect over $38.5 billion in overdraft fees for 2009, nearly double compared to 2000. The fees, usually incurred by low-income customers, are considered "easy money".
The
bank will try to tell us that the re sequencing highest to lowest is
some kind of "courtesy"..as well as the manipulations making things
even more confusing and other tactics used to "encourage"
overdrafting..well consider... "we're protecting the $1000 withdrawal
by docking you for the $1 withdrawals" argument fails to hold water at
all. You have "overdraft protection," which is really another name for
"unlike the old days when hitting your limit would stop the transaction
and keep your finances safe, we're going to let you think you have
enough money until you get the NSF notice from us at which point you
owe us a quintillion dollars." If that big transaction at the end of
the day would overdraw your account by $50, they're going to cover it
just as they would cover a smaller transaction that would overdraw your
account by $50. Claiming they're protecting large transactions by
processing them first is just playing smoke and mirrors with numbers.
Jim...
I agree with your reply..this post should be removed..but it won't be.
Why file a report here? Ripoff Report is a permanent record! Other complaint sites copy our content then remove reports for money.
