First Convenience Bank-Texas Scam or Rip Off? Fuzzy Math: When 1 plus 1 equals $54 Fort Worth Texas

I opened a checking account at the request of a young teller who appeared desperate about her job security.  I would imagine they have quotas to fill with new accounts.  Little did I know that a one time deposit of $25 would cost so much.  

Opening the account was an act of charity.  Being officially part of the "geriatric club", I can remember the angst and worry about meeting quotas and openng new accounts When I was younger.   I clearly did not need the account, but I wanted to help a young teller do well in her job.  

A couple of months of opening the account I received a letter showing that my $25 balance had diminished to a couple of dollars. Mind you, I never used the account.  I went to my local Branch at Walmart (Hulen Road-Ft. Worth). I was outraged that my account was reduced to zero by fees. I shared with the Branch Manager that I wanted to closed the account. She told me that I really don't want to close the account and it would be a bother. If the fees were  a concern I could open an e-account and they would waive the fees. I think I deposited another $25 in account And left the branch. 

Needless to say, I did not close the account because of a branch manager concerned about retention of business and not honoring the request of a customer and doing what is in the customer's best interest. 

I have never used the account.  

Several months have passed and I got a collection call.  The call was that my account was overdrawn by $54.  Ok, I realize I went to started school and learned math in the 1960's, but you do the math, if I have deposited $50 and have not withrawn any dollars 0.  That would mean I have $50.  The collection representative tells me that I owed fees and that caused my account to be over drawn  I was charged $5 monthly maintance on the deposit and I was charged for monthly statements and a $10 return mail fee if those statements are returned per month.  So while I deposited $50 I now owe more than I deposited and I never used the account And the bank makes $104 gross.  Is this a rip off?  Is this fraud?  I would say this is not good business for a bank that is positioned near most of our military bases And no doubt has many senior citizens who think he bank is convenient.  

I am going to pay my fees and close my account, but I also gong to let the Texas State's Attorney's Office know my story and the federal banking regulatory agencies.  In my opinion, this is not a credible bank That prey on consumers with outrageous fees