Complaint Review: Colonial Bank - Tampa Florida
Ripoff Report on CBS 19
Ripoff Report on CBS 19 - Global Marketing Alliance
Ripoff Report on ABC 15 - Smart Shopper
Ripoff Report - Girls Gone Wild
Ripoff Report on Fox 11 - Car Repair
- Author Confirmed
- Colonial Bank 4144 N. Armenia Ave. Tampa, Florida U.S.A.
- Phone:
- Web:
- Category: Banks
Colonial Bank Unbelievable NSF fees to business accounts Tampa Florida
*Consumer Comment: Floating transactions...
*Consumer Suggestion: Not quite right
Show customers why they should trust your business over your competitors...
listed on other sites?
Those sites steal
Ripoff Report's
content.
We can get those
removed for you!
Find out more here.
Ripoff Report
willing to make a
commitment to
customer satisfaction
Click here now..
I agree whole heartedly. I have paid over $5000 in overdraft fees. This is because of their policy of running debits before the credits. The people at my local branch are nice enough but there doesn't seem to be anyone who has the authority to refund fees. When you are a small business with daily deposits and a slumping economy, this really hurts. I am almost going bankrupt due to this policy. They pay the checks because I have been there so long but they charge $36 for everyone that comes in after the deposit. This includes atms, pos, gas pumps, auto debits, everything gets a $36 charge. Then you are trapped because it is a constant, daily catching up cycle of deposits against fees.
Julie
Tampa, Florida
U.S.A.
This report was posted on Ripoff Report on 02/03/2009 09:03 PM and is a permanent record located here: https://www.ripoffreport.com/reports/colonial-bank/tampa-florida-33607/colonial-bank-unbelievable-nsf-fees-to-business-accounts-tampa-florida-419895. 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content
If you would like to see more Rip-off Reports on this company/individual, search here:
#2 Consumer Comment
Floating transactions...
AUTHOR: Edgeman - (U.S.A.)
SUBMITTED: Wednesday, February 04, 2009
It's not the policy of processing debits before credits that's causing the fees, it's the fact that you're making transactions without the available funds to cover them.
Come on, $5,000 in overdraft fees? Stop throwing your money away! You could be a little bit of interest on that 5k or at least using it for expenses.
Simply stop writing checks or using your debit card unless you have available funds to cover the transactions.
#1 Consumer Suggestion
Not quite right
AUTHOR: Flynrider - (U.S.A.)
SUBMITTED: Wednesday, February 04, 2009
You say, "I agree whole heartedly. I have paid over $5000 in overdraft fees. This is because of their policy of running debits before the credits."
Not quite. It is because of YOUR policy of overdrawing your account. You really need to read your account terms very carefully. They will explain exactly how and when things are credited and debited to the account. The bottom line is that you are writing checks or making debits using money that is not available in your account. It's all in the account agreement.
$5K in overdraft fees? Really? And you still haven't caught on? Amazing!
Related Reports
10:46 PM
11:57 AM
07:04 PM
06:57 PM
01:08 PM
09:31 AM
06:02 AM
04:34 PM
07:02 AM
New 
Updated Rebuttal 
Photo 
Advertisers above have met our
strict standards for business conduct.
