- Report: #481174
Report - Rebuttal - Arbitrate
Complaint Review: Fifth Third Bank or 53.com 53 bank
Fifth Third Bank or 53.com 53 bankwww.53.com White lake, Michigan United States of America
Fifth Third Bank or 53.com 53 bank May cause me to loose my house because of massive overdraft fees.They put the highest check possible through before 6 others to draw a negative 400. plus in my account, that's the begining... Modern day bank thievery. There is no justification for a 33.00 charge on a 1.00 overdraft. banks are stealing money from hard working Americans. Find out what you can do about it here. Detroit, Michigan
* : Robert, there you go again...
* : Just one question
* : Thanx You...
* : How to avoid OD/NSF fees.
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Banks are ripping people off on a daily basis and few are doing anything about it. From transaction fees to over draft fees which look like a billion dollar way for banks to make money. Here is the research that I found and my story.
I just contacted the bank about 400.00 in overdraft fees in my account when I had the money in my account to cover 6 of the 7 transactions. Their reasoning was oh we put the higher end checks through first so all the money you had in your account was over drafted even though you had 400.00 in your account the X amount of other transactions were all under 5 dollars the biggest check proceeds all others.
If you don't understand this what I have just wrote. Just know this, the bank is stealing my money even though they may say I can retract 1 or two of the debits which I am waiting for the call "It's still stealing".
I know bankers will say something like oh you should be doing this or that I have seen the rebuttal's on this and 12 other sites so far. The simple truth is they are stealing our money. No if's and's or but's about it.
I am not in the wrong, this is a modern day thievery by the banks. Anyone who can justify in this economy taking 33.00, on a small overdraft. By the way they want to make it 35.00 for an overdraft of a transaction for a cent over your limit top off the fees accrued on a daily basis.. This is un-American
These people need to be stopped if you don't think so, look down your street and see how may new banks there are. Reason for bail out was simple GREED.
You think Bernie Madoff stole a lot of Americans hard earned money, Keep reading...
NEW YORK (CNNMoney.com) -- U.S. banks will collect a record $38.5 billion in overdraft fees this year, with nearly all the revenue paid by just 10% of customers, according to a research report released Monday.
Moebs Services collected data from 2,000 banks and credit unions, and the firm found that 44.5% reported a net overdraft revenue higher than their net income. Fee hikes have helped banks boost profit amid the recession, Moebs said.
"Most people paying these fees have a credit score below 590 or so," Moebs said. "Beyond that, they're a whole gamut of people: rich and poor, men and women."
If you need help I am compiling a blog for those who need it most.
Join my blog to help stop this thievery and get insight on how to stop it: (((link redacted)))
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This report was posted on Ripoff Report on 08/17/2009 01:26 PM and is a permanent record located here: http://www.ripoffreport.com/r/Fifth-Third-Bank-or-53com-53-bank/White-lake-Michigan-48383/Fifth-Third-Bank-or-53com-53-bank-May-cause-me-to-loose-my-house-because-of-massive-overd-481174. 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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