• Report: #276013

Complaint Review: Comerica Bank

  • Submitted: Tue, September 25, 2007
  • Updated: Tue, September 25, 2007

  • Reported By:detroit Michigan
Comerica Bank
Detroit, Michigan U.S.A.
  • Phone:
  • Web:
  • Category: Banks

Comerica Bank scam to charge you excessive overdraft fees Detroit Michigan

*Consumer Comment: Bad Math and Poor Reasoning - But Good You're in a CU

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I recently opened an account with Comerica Bank, around August 30th. I used the bank account to pay for my online purchases only and little expenses. I deposited 250 into this account. I was on Ebay and decided to make a couple of purchases. I bought some instruments and some books. now the instruments cost a total of 220 dollars including shipping and there were eight books purchased at 1.00 a piece or less. That equates to 228.00. Balance 28.00. All is good. The next evening I purchase 10.00 in gas and i withdraw twenty from an atm. total 258+ 2.00 atm fee (of course). 260.

I go into the bank the next morning to make another deposit of 100 to cover the extra 10 dollars i spent and go on my way. Balance shows 300.00+. Whew Im ok. I figure some of the online tranactions had not gone through yet. Whatever. I check my account a couple days later and see that I am a -220.00. WTF, I go online and pull up my account statement. It shows that I was overdrawn. IMPOSSIBLE! I had the money in the account plus I bought into the overdraft protection crap. The next day I go to the original branch location. I'm told and shown on printout that my instrument purchase was covered 220, gas 10, then 22 atm withdrawal and FEE. I explain ok but I deposited and addition 100 the next morning leaving more than enough in the account. It is explained to me that even though there was cash in my account to cover the purchases the very next morning that I was being charged overdraft fee because there was not enough money to cover when the transactions were pending. What cause the overdraft was an 10 in gas and $4 additional dollars in atm fees. Atm Usage fee and using another banks atm. Ok whatever. Then there were the books. Remember the books (8) at 1.00 ea, well somehow supiciously the payment for those did not process until between the time I went negative and the next morning when I deposited the 100. I received an additional 32.00 overdraft for ea of those 2 32.00 overdrafts for ea atm fee which took me over. So that 32.00 x 10 = -320. -320 + 100 (deposit) leaves me at -220.00.

What happened to the overdraft protection, well it seems that I would have had to deposit additonal funds into my saving account as well but I was not informed of this at the time of opening. I really didn't want a savings account with them but the account was presented as a bundle, they came together.

I was told there was nothing that could be done, and that I had to pay or on the 5th day of being overdrawn I would be hit with another 25 fee and each day after that 25. I got royally ripped off.

I thought it strange that all my books purchase did not go through up until I was overdrawn but before I added additional funds. Then no one seemed to care. It was just another hustle to them. Thats the end.

Oh yeah I opened another account with a credit union b4 comerica sends me to chexsystems. I refuse to pay 220+25 dollars squared, for 8.00 worth of ebooks. Its not going to happen.

Totally ripped off by Comerica Scam
Detroit, Michigan

This report was posted on Ripoff Report on 09/25/2007 06:27 PM and is a permanent record located here: http://www.ripoffreport.com/r/Comerica-Bank/Detroit-Michigan-48238/Comerica-Bank-scam-to-charge-you-excessive-overdraft-fees-Detroit-Michigan-276013. 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

Bad Math and Poor Reasoning - But Good You're in a CU

AUTHOR: Jim - (U.S.A.)

Based on your ROR, your balance before the gas was $22, not $28. The gas made your balance $12, and then the ATM withdrawl put you at -$10. Sounds like nit pick, but when you run thin on balances, you can't be off like that.

According to the T&C's of just about every bank out there, you would be overdrawn and the fees are due. What you did was try to ride the float, and race to the bank before the charges showed up. However, most people lose that race every time. You don't want to screw up your credit any further by not paying something you did, and believe me it can only get worse for you. Once it gets to collections, add another 20% to the total, plus other fees. Not to mention no one wanting to extend credit to you...... Talk to the people here who can only get a credit card from high risk institutions - they pay almost 30% interest. If you don't pay what you owe - that's you're future. If you think what happened to you was a rip-off - just wait if that future comes to fruition.

The bank is allowed to post your charges before any deposits are recorded to your account, and post it in order of dollar amount in descending order. Again, it is not just Comerica that does this - every bank, BofA, Wells Fargo, Citibank, etc.... they all do it the same way. I know you don't want to hear it, but that $100 needed to be in your bank in the morning BEFORE you transacted everything. I understand you're blaming the bank for hitting you with 8 NSF's for the 8 books purchased, however if you had not withdrawn the money from the ATM, you would have been OK; your balance would have been $12.00 and no overdraft. It's that $20 you wanted from the ATM that caused all of this.

Good for you to open an account at a CU - you will get better treatment there than at any bank. I wouldn't do it though for the reasons you suggested; it will do you far more harm than good.
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