• Report: #1122131

Complaint Review: BB&T Bank

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  • Submitted: Sat, February 08, 2014
  • Updated: Sat, February 08, 2014

  • Reported By: Gizmo — pompano beach Florida
BB&T Bank
3233 NE 14th Street Cswy, Pompano Beach, FL , Select State/Province USA

BB&T Bank BB&T Bank Charged Me In Excess Of $250 In Overdraft Fees That Was A Bank Error To Begin With Pompano Beach Florida

*Consumer Comment: Gizmo,

*Consumer Comment: Gizmo,

*Consumer Comment: Gizmo,

*Consumer Comment: Gizmo,

*General Comment: Your error... And assumptions

*Consumer Comment: Gizmo,

*Consumer Comment: ????

*Consumer Comment: I must be missing something here...

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As an Ebay and Amazon merchant, I deal with a lot of transactions and sometimes I have to refund a customer. 2 weeks ago I did so in the amount of $8.09 from my paypal account unaware that the default settings on paypal always set to refund out of bank account as opposed to paypal account. This refund of $8.09 however overdrew my account by $5 and change. During the refund I was transferring money from paypal into account as well, again, unaware that the refund came out of the bank. Since the account got overdrawn, the bank assessed a $36 overdraft fee. The nightmare is about to begin.

This incident of overdraft charges piled on top of overdraft charges has escalated within a 2 week period into $250+ currently. Once I discovered this (which took a few days since I theoretically had nothing to worry about), I immediately contacted the bank only to have the manager tell me that they only permit 1 courtesy action every 24 months. [continued below]....

..... What she completely disregarded was the fact that this was a bank error caused by the default settings in paypal. Since I sell almost daily I also batch funds out when they settle and funds are available for transfer from paypal. Consequently, since I was unaware that all this was occuring within just a few short days, each transfer from paypal to BB&T Bank kept tacking additional overdraft fees because the transfers were small amounts, but often. Now BB&T is unwilling to reverse the fees and I am out hundreds of dollars and possibly will end up losing my creditline due to my inability to repay my creditors for all the merchandise that I shipped out to my customers. This perpetual vicious cycle of fee assessment needs to be dealt with on a case by case basis and the branch manager is strictly adhering to protocol of not helping the customer.

I have never in my life dealt with such a group of finance gangster amateurs who call themselves professionals. Although the amount isn't worth a lawsuit (and they are aware of this) it is worth noting their predatory tactics and practices. Stay away from BB&T Bank if you don't want to get ripped off for hundreds of dollars!!!


This report was posted on Ripoff Report on 02/08/2014 06:21 PM and is a permanent record located here: http://www.ripoffreport.com/r/BBT-Bank/Select-StateProvince/BBampT-Bank-BBampT-Bank-Charged-Me-In-Excess-Of-250-In-Overdraft-Fees-That-Was-A-Ban-1122131. 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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Updates & Rebuttals

#1 Consumer Comment

Gizmo,

AUTHOR: Karl - ()

Do you think that future generations will be able to come to this website and read the thousands of Ripoff Reports and consumer comments in order to better understand that the U.S. government was ultimately being controlled by a cartel of corrupt and greedy bankers who also controlled Wall Street, the U.S. Military, the NSA, the Mainstream Media, much of the Legal System, the price of oil, and the minds of almost everyone living in the USA? Feel free to share your thoughts.

P.S. Keep watching the price of oil. I believe that the cartel will most likely repeat what they did six years ago when oil went as high as $147 a barrel in July of 2008. Make sure to 'Google' this- DID SPECULATION FUEL OIL PRICE SWINGS, and watch that 60 Minutes segment on the web for important information. Have a great week!

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#2 Consumer Comment

Gizmo,

AUTHOR: Karl - ()

You can also type in 266476 at this site and scroll down to the consumer comment that was posted on August 26, 2007 at Ripoff Report #266476 and read the following that starts paragraph #4-

Quote: "I predict that by sometime early in 2009 that the stock market takes that huge hit! After a full year of reality in 2008, the big collapse happens." - August 26, 2007

Fact: The stock market crashed thirteen months later in September of 2008. The Dow Jones lost a record 777 points on September 29, 2008. The Dow Jones also reached its lowest level in over a decade in March of 2009. The Dow closed at 6,547 on March 9, 2009.

Conclusion: That prediction came true.

 

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#3 Consumer Comment

Gizmo,

AUTHOR: Karl - ()

If you would like to know when the stock market is going to crash again, simply type in 987602 at this site and scroll down to the consumer comment that was posted on January 3, 2013 at Ripoff Report #987602 and read the quote that appears in that consumer comment for the answer.

Good luck to you!

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#4 Consumer Comment

Gizmo,

AUTHOR: Karl - ()

I am certain that well over 99% of the people who live in the USA and all over the world had no idea that the banking cartel, and others, conspired to defraud millions upon millions of Americans and others all over the world out of their retirements and their savings. However, there was at least one person who was warning the American people and others about the collapse of the U.S. economy and the stock market crash back in September of 2007 at this website.

You can type in 271454 at this site and scroll all the way down to the first consumer comment that was posted on September 3, 2007 at Ripoff Report #271454 and read it for proof. Here is part of what was posted that day-

"The Collapse of the U.S. economy is in its infancy. Get all of your money out of the stock market and cash in your retirement NOW!" - September 3, 2007

It appears that this same person was also warning everyone about the stock market crash thirteen months before it happened. Just type in 269041 at this site and scroll down to the consumer comment entitled "Blame it on a Lawyer" at Ripoff Report #269041 and read it for proof. Here is part of what was posted that day-

"Get ALL of your money out of the stock market now! The Collapse HAS been triggered!!!!" - August 21, 2007

Finally, feel free to read what was posted in the Consumer Comment entitled "SUGGESTION" at Ripoff Report #261157. Here is part of what was posted on July 16, 2007, which was fourteen months before the collapse of the system and the stock market crash that occurred in September of 2008- 

"The Collapse has been triggered. Most have become too alienated to even see it. Just watch what happens to all those 401K's in the next few years. And watch how the Dow Jones Adjusts too." - July 16, 2007

Make sure to 'Google' this- FRONTLINE: INSIDE THE MELTDOWN, and watch that documentary on the web for additional proof.

I'll leave you with one final quote-

"Almost everything you do will seem insignificant, but it is important that you do it." - Gandhi

POWER TO THE PEOPLE

 

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#5 General Comment

Your error... And assumptions

AUTHOR: Tyg - ()

Sorry but it is your responsibility to mange your money and your accounts. The bank is under no legal obligation to give you anything back in fees as this is NOT their fault. So youre fake post only shows that you are just as bad as the customers that scam you. Instead of owning up to your mistake you seek to deflect responsibility to someone who can afford to bail you out. I find it hard to believe that you are just that ignorant of your business and its doings. You know this is a Paypal issue but I'm pretty sure I know exactly what they told you. Sorry but this is how the system is setup and that's what you agreed to when you setup your account. The original blame is on you because you did not have enough in this account to make a refund. Period. There is no other reason other then that fact. You know this and that's why you chose to use the web in order to attempt Internet blackmail to get your way. Your tactics are deplorable and your self entitlement attitude is dispicable. Take responsibility for your mistake. 

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#6 Consumer Comment

Gizmo,

AUTHOR: Karl - ()

It appears that the bank's responsibilty is to manipulate their customer's checking accounts in order to assess fees, which are called overdrafts. Banks are no longer making their profits as they did in the past when they were making loans. So they are now targeting their customers and manipulating checking accounts in order to charge overdraft fees. You can 'Google' this- ELIZABETH WARREN ON THE ECONOMY NOW ON PBS, and watch that interview on the web for proof.

There are obviously far too many banks in the USA right now. At least one person believes that the banking sector should be cut by 80%. You can 'Google' this- MUNGER: CUT BANKING SECTOR 80%, and watch that video on the web for additional information.

Banks are also targeting their own employees in order to make profits. You can 'Google' this- BANK EXECUTIVES PROFITING ON THE DEATH OF EMPLOYEES, and read the related articles on the web. You can also type in 411913 at this site and read Ripoff Report #411913 for more information about the secret life insurance policies that many of the banks have taken out on their current and former employees.

Good luck to you!

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#7 Consumer Comment

????

AUTHOR: Stacey - ()

 Do you not take responsibility for your accounts like reconcile your bank account, keep a ledger of debits and credits or even manage your money?? How is this the bank's fault?? It is YOUR RESPONSIBILITY to take care of your money not the banks.

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#8 Consumer Comment

I must be missing something here...

AUTHOR: Ken - ()

"unaware that the default settings on paypal always set to refund out of bank account as opposed to paypal account"

"What she completely disregarded was the fact that this was a bank error caused by the default settings in paypal."

How is this the bank's fault when it's a PAYPAL default setting..one you likely have control over.

" have never in my life dealt with such a group of finance gangster amateurs who call themselves professionals. Although the amount isn't worth a lawsuit (and they are aware of this) it is worth noting their predatory tactics and practices. Stay away from BB&T Bank if you don't want to get ripped off for hundreds of dollars!!!"

What would you expect any other bank to do differently?

It sort of looks like you may have missed something on setting up your Paypal account and are trying to shift blame and allege the bank is somehow responsible or owes YOU special consideration.

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