ED Magedson – Founder
BB&T Bank3233 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
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]....
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/reports/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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