COMPASS BANK 2000 IN NSF FEES SINCE OPENING ACCOUNT IN MARCH 2008 TUCSON Arizona

I own my own business that brings anywhere from 75.00-750.00 per day doing car hauling.  Very large over head with very large pay our fuel tank is 240 gallons and when I made my complaint diesel was almost 5.00 a gallon.  Direct deposit from our GM account we have everyday.  Now when my 18 wheeler is filled up, repairs are done and I draw from my daily deposits the NSF fees are just like a regular person banking with 2 checks a month.  We get paid 4 days a week from direct deposit.  Now my deposits were not posted but all my debits came out before my deposits were posted.  Checks that I receive from customers not on direct deposit like Tucson Dodge, Edmond Marquez Suzuki have holds on them and my deposits still not posted until after our debits were done first and in whatever order they feel like.  I wish people would know more about someone's circumstances instead of jumping to conclusions that we are just financially stupid.  I am no different than a normal W-2 person getting paid twice a month.  I did get a lawyer and they wrote Compass about our NSF's Compass never responded.  The accounts vanished and I never received anything from them in the mail ever after our lawyer contacted them.  I just don't appreciate being made fun of when I am no different from anyone else on here making a complaint.  Since my dealing with Compass and where I am at today I am very happy with my current banking no NSF's f any kind still self employed and getting direct deposit and using my card and no ISSUES!!!  NO NSF's COMPASS IS A RIP OFF TO THE 1000000000000th power.  I feel sorry for anyone at Compass.  But I am happy now and yes Compass did rip me off.  

I have an account with Compass in Tucson as well. The previous posts point out the obvious fact that once a customer understands *WHY* their Compass accounts go overdrawn its their responsibility see to it that the account stays positive. Changing banks is a pain in the fanny but it's not that big a deal.

Having said that, I have had a checking accounts for about 26 years. Compass is the only account that I have ever had that, all things being equal, posts debits prior to credits. I was suprised and dismayed when I found my account overdrawn for that reason. BUT IT ONLY HAPPENED ONCE!!!!! Soon as I understood what the practice was, I banked accordingly. I don't think it is right or fair, and I have moved my banking accordingly with only one account left at Compass (where it will remain for my business account). $2000 is overdraft fees is the classic case of doing the same thing over and over and expecting a different result. I think thats the clinical definition of "CRAZY", or maybe just the lay definition of magical thinking.

*locoserafina*

At $38.00 per NSF charge you have more than 50 NSF's. How can it possible be that you didn't learn after a couple?

Years ago I had a few checks bounce, I was upset with myself (not the bank) and learned how to keep close track with a SIMPLE check register and I have never had one since, through good times and bad.

Blame the bank? That's absurd! Get your act together or just work with cash.

YOU SAY: "They usually give you notice and reasons they are closing out the accounts. "
>>This gives one cause to pause....almost thinking you've had this same thing happen before.


I have to agree with other posters........stop spending what you dont have.....keep a check register and keep it updated. How can you blame the bank for not holding your hand and stopping you from spending what isnt there?

I understand getting slapped with ONE.........MAYBE two ODF/NSF fees.......but any more than that and you have NO one to blame but yourself.

I dont get it. Im sure most of you here probably make more money than I do. I dont have scads of money.....I do ok for myself and do just better than living paycheck to paycheck. But I gotta tell ya......it wasnt until I started coming here that it ever dawned on me to care how they post anything to my account.....or how long this or that hold time is. It just never mattered. I keep an ACCURATE current updated daily register. I KNOW what goes into my account...and what comes out......EVERY month. That money is "spent" in my eyes each month before it is debited/withdrawn etc. It ceases to exist each month because I KNOW it HAS TO. Funny thing is.......Ive never ever overdrawn or even come close.

I guess I just never had anyone to blame if I made a mistake so I opted to be d**n sure I didnt make one......especially where money is concerned.

Hope this all works out for you

Grow up, take responsibility for your actions, and stop trying to get a free ride in life with a lawsuit!!!!

Grow up, take responsibility for your actions, and stop trying to get a free ride in life with a lawsuit!!!!

Grow up, take responsibility for your actions, and stop trying to get a free ride in life with a lawsuit!!!!

Grow up, take responsibility for your actions, and stop trying to get a free ride in life with a lawsuit!!!!

My husband went in and questioned the fees on our account on Wednesday and our account was closed out on Wednesday all our account they closed our personal and business accounts and suspeneded our online access to the accounts it is like they never existed. We had no notice they closed them out and for what reason they closed them out. After he went in and asked about the NSF fees and got no explanation besides use a register and you need to keep trck and manage your money better. After he left that branch they erased us like we never existed. I am sure they probably reported us to Checksystems I am not sure but the practices at this bank is outragous. I have never had anything like this in my life happen at any bank in my life. They usually give you notice and reasons they are closing out the accounts. I am also hoping they have not messed with my children's accounts I have 3 young savers accounts opened there. This is the worst bank ever. I also had direct deposit and would have never known our accounts were closed unless I tried to login to our online banking. You question their practices and they erase you like you were never there that there is very questionable at least. Its like they know they are in the wrong and they erase you so you can't talk anymore like some clip out of a movie because you no longer use their so called banking services.

You apparently cannot sucessfully play by the banks rules (not many people can) and that "free" debit card has, by your account, already cost you $2000. When is enough enough??

A credit card is far safer if you use it for every purchase possible, pay it off every month, and write as few checks as is possible. Credit cards have consumer protections BY LAW, while debit cards have NO consumer protections at all.

But maybe you have now figured out that debit cards have NO consumer protections at all...?

And the Federal Reserve doesn't think it's illegal.

Liz,

I am with you, see my post from yesterday. Compass Bank is legally raping and stealing from hard working cosumers. Not sure how you go about filing a class action suit but something needs to be done.

...the movie 'Liar, Liar' when a client of Jim Carrey's calls his secretary subsequent to his arrest. The secretary informs him that the client has knocked over another ATM machine - and therefore needs Carrey's expert, legal opinion.

Carrey proceeds to tell the repeat criminal, "STOP BREAKING THE LAW, A**HOLE!" before hanging up the phone.

With that example in mind, allow me to give Liz here the following expert advice:

STOP SPENDING MORE MONEY THAN YOU HAVE IN THE ACCOUNT, LIZ!

There you have it - problem solved, no more NSF fees.

No rip-off here...

P.S. Liz, there have been exactly ZERO class action lawsuits brought forth and won via the issue of overdraft fees and/or the transaction ordering process. The only lawsuit settled over the issue was with Nations Bank regarding failure to DISCLOSE of the fees beforehand, not the fees themselves. You agreed to these fees, terms, and conditions when you signed to open the account.