ED Magedson – Founder
1stCB of Texas Keeping a acurate register does not guarantee no OD Fees! Marble Falls Texas
Just for the record, I have read comments on here about, "If you keep an accurate register you will never incur excessive OD Fees, and I'm here to say that is not true. Let me give an example of my experience.
My balance in my checkbook is $245.00, I have to pay rent of $350. I know that if I pay my rent I will be overdrawn, but I have to pay rent, so here's what I do. I go to the ATM, check my balance first before withdrawing funds, which matches my register of $245, it stated this was the available agreed as it matched my checkbook. So I withdraw $350 expecting that one overdraft fee, which is fine. Here's the math: 245-350=-105-25 OD fee = -$130. Not too bad, just one OD fee. Then I get my statement a couple weeks later, and mind you I DID NOT use my card until I put that 130 back in my account, but my statement showed a negative balance of 248 or so. Here's how this happened, supposedly by 'accident' BS! When I checked the ATM, the available balance was 245, but what happened is supposedly the available balance did not mean all the transactions in my register went thru, even though it matched what was in my checkbook! I'm soory, I thought avail bal meant what u have to draw against, and if it doesnt, then how can they say that its my avail bal if there is actually more money in my account. So what happened? After I withdrew the $350, the bank reordered my transactions so that the ATM went first, then all the little charges came next (hi to low) and boom, I got 3 or more NSF fees because of this. So, my checkbook was in order, my balance matched what the ATM showed, yet I still got excess NSF fees due to reordering of charges, even though my account was negative.
And for those that back the banks, do u really think that if this practice was ethical that every low income american would have to be on the defensive from banks and their NSF fees? C'mon, give me a break you ignorant sheople.
BTW, the reason this happens is this: Our banking system is structured, regulated, overseen by, whatever; by the Federal Reserve. Now with the name like the Federal Reserve you would think its a government agency, but it is not. IT IS A PRIVATELY OWNED BANK! BY WHO? BY THE ELITES, AND BY FOREIGNERS!!! SO WHAT WE HAVE IS A WAY FOR THE RICH, BOTH DOMESTIC AND FOREIGN, TO STRUCTURE THE AMERICAN BANKING SYSTEM TO MAKE THEM WEALTHIER. WHAT A GREAT, AND SILENT WAY TO BRING DOWN AMERICA! IF YOU ARE UNAWARE OF ANY OF THIS, PLEASE RESEARCH THE FEDERAL RESERVE AND YOU WILL SEE WHY OUR ECONOMY IS IN A DOWNFALL, AND THUS OUR COUNTRY AN D OUR 'GOVERNMENT'. WE ARE BEING TAKIN OVER FROM WITHIN, AND THE GOVERNMENT IS LETTING THIS HAPPEN SO THEY CAN STAY IN POWER AND WEALTHY! RESEARCH THE FOLLOWING:
NEW WORLD ORDER
THE UNITED NATIONS
WE ARE BEING SOLD A LIE AND DONT EVEN KNOW IT..PLEASE WAKE UP!! THIS IS REAL, THE PROOF IS OVERWHELMING!
This report was posted on Ripoff Report on 08/01/2013 10:33 PM and is a permanent record located here: http://www.ripoffreport.com/r/1stCB-of-Texas/Marble-Falls-Texas-78654/1stCB-of-Texas-Keeping-a-acurate-register-does-not-guarantee-no-OD-Fees-Marble-Falls-Tex-1072312. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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