Report: #1141370

Complaint Review: Nevada State Bank

  • Submitted: Thu, April 24, 2014
  • Updated: Thu, May 08, 2014
  • Reported By: NevadaStateBankSCAM — Henderson Nevada
  • Nevada State Bank


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My complaint involves the morally reprehensible, nay, criminal-like insufficient funds fee practices employed by Nevada State Bank. Over the course of four days, I was charged $224 in insufficient funds fees (see attached bank statement). As this wasn't a loan, and the fees churned covered little, my effective APR was infinite x Pi + E=mc squared... more on this incalculable rate in a moment. At its height, for the $224 in fees I was charged, my checking account reached the brazen negative balance level of $173.85 - obviously Nevada State Bank was on the brink of financial ruin because of my careless financial decision to not keep my balance in the black. (Granted Nevada State Bank was unable to keep their own balance sheet in the black during the crisis that reckless banks like theirs helped cause, and they had no trouble at all taking $1.4B in TARP money – or at least their parent outfit Zions Bancorporation didn’t. As we all learned, financial institutions are always worthy of receiving the fruitiest rewards from their moral hazard. In all fairness, I should point out that Nevada State Bank’s parent outfit did pay back their “loan” to the federal government in four years. Also, at this time I would like to point out that I paid back my “loan” to Nevada State Bank in four days.)

Back to what lead to my noxious persecution of Nevada State Bank’s books.
Unfortunately my payroll check on 03/21/14 was over-levied by some rogue outfit operating on behalf of the state of Kansas - this is no fault of Nevada State Bank mind you, but I believe it needs to be pointed out. I have been promised a $471 refund check from this same rogue outfit "Arnold Scott Harris, PC" (be on the lookout for that complaint next week CFPB), but since they are in bed with the state of Kansas government, this is probably going to be more wishful thinking for me - in fact they need not even provide an accounting of their levy activity due to their shadowy and villainous partnership with a state government. There I go again... back on point: this shortfall is what caused me to put Nevada State Bank in a very tricky and financially precarious position - I can hear the panicked conversation between Board Members Hugh Bassewitz and Harris Simmons when they received word: "Everyone, we need to think quick, the [Name withheld] account is overdrawn by $173.85, we will either have to forego making payroll at the Annie Oakley & Sunset Branch, or we can charge him an effective annual percentage rate of 18,694% or so, while not even providing him a loan! We'll just return most of the payments anyway and wait until they are resubmitted and then charge him more NSF fees. Our Chairman Dallas Haun is the architect behind this cash cow and we need to make him proud. Furthermore, we need to make this [Name withheld] character understand that no one, and I mean no one screws with Nevada State Bank's balance sheet, well, of course, other than our crony auditors, ha-ha, good one Hugh!"


This experience truly disgusts me. I must add the irony that the very agency to which I am submitting this complaint (the CFPB – is somewhat responsible for the very situation that I found myself. If only Nevada State Bank offered a short-term loan product I could have taken out a $200 loan for four days and even at 120% APR I would have paid less than $5 in interest, instead I paid $224 in "fees." I guess in your agency's ultimate wisdom, you have decided that NSF fees are in my best interest - or at least better interest, than short-term loan interest (sorry for a little alliteration - but it calms me).


Lastly, Chairman of the Board Dallas Haun, and his Board Members, Jeremy Aguero, Hugh L. Bassewitz, David Ezra, John Larsen, Terry Shirey, Harris Simmons, Gary Stewart, and Thomas A. Thomas should be ashamed of themselves, not only as bankers or Board Members of a bank, but as human beings. I understand the tacit collusion that exists in the banking industry, i.e., how all banks have chosen to violate their customers rapaciously with egregious NSF and/or overdraft fees. This practice is especially deplorable, since the banks assume nary a scintilla of risk from customers who have direct deposit (like me) - as the bank always pays themselves first when customers' direct deposits post. Choosing to perpetrate this kind of highway robbery on customers because "they can" or because "you agreed to it in your account agreement" doesn't make it right. I expect to receive a refund in my account in the amount of $224.00 within 7-10 business days.

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#1 Consumer Comment

I blame you

AUTHOR: coast - ()

You failed to blame the person that authorized transactions against an account that did not have available funds to cover those transactions. You can blame others but ultimately the responsibility lies with the account holder for authorizing deductions against unavailable funds. The bank did not scam you.

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#2 Consumer Comment

I'll help you by doing the Reader's Digest edit to condense your lengthy diatribe..

AUTHOR: Ken - ()

You let your account go negative and don't want to pay the fees...right?

The rest of your rant is TOTALLY irrelevant.

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#3 General Comment

Your sarcasm aside...

AUTHOR: Tyg - ()

 Atleast YOU are honest enough to admit that this IS your fault and NOT the banks fault. YOU spent money that YOU did not have. They covered those expences at a cost of rougly $35 PER transaction. Whining and complaining that you had to pay NSF is like complaining you have to breath. Kinda silly when you think about it. YOU did this to YOU. YOU overspent what you DID NOT have. So because YOU did this to YOU how exactly is NSB at fault for what YOU did? Please explain it to us.

Obviously you have a higher then normal education. SO you should be savvy enough to see WHERE you messed up. Its is NOT NSBs fault that someone else made a draw against your account. They have no more control over it then you had. To hold them responsible for what YOU agreed to and for what YOU did to yourself only goes to show the depths of your own EGO. Stop being one of the SHEEP!!!

They will NOT be giving you a refund. You can EXPECT this all you like. Your request for a refund on something that was YOUR fault is like requesting a refund for a speeding ticket. Why would you expect them to give back money that you LEGALLY owe?

While I appreciate the HONESTY you have shown here, I loose a bit of that respect due to the USUAL American COnsumer BS. As intellegent as you are, you are acting just like everyone else. Its ALWAYS someone elses fault. The American Consumer NEVER takes responsibility. It is ALWAYS deflected off of themselves. They ALWAYS play the victim. I refuse to believe that someone with YOUR intellegence CANNOT see HOW this is all on you. IS it "cool"?? NO FREAKING WAY!!!! NSF fees are a pain in the a*s!!! But it happens to ALL of us at some point. I myself just recently lost an ENTIRE paycheck to NSF fees. It was MY FAULT!!!!! I didnt have the information because I didnt take 2 mins and do a balance check BEFORE I went grocery shopping. If I had, I would have found that a few bills had already been posted to my account and that I was working under misinformation. It wasnt MY banks fault. THEY didnt spend that money, I DID!! They were kind enough that EACH of my purchase requests were paid for, but I had to pay them for them to do it. Did it suck giant donkey nuts?/ OH GOD YES!!! I had to feed a family of six on basically $20 I was able to borrow. But I did it. Im MORE angry at myself for not taking a few mins then I am at the bank for having to pay NSF fees. The bank DID thier part. Im the one who made the mistake, Im the one who has to be the responsible party. Holding the bank accountable for MY error WOULD be a MASSIVE amount of self-entitlment. Thats not WHO I AM. So I had to suck it up and do what was expected of me. You know, be a adult and accept when I have screwed myself.

If you KNEW your account was overdrawn and YOU didnt go into the bank and request a loan, then the bank is going to do what it has to do by the terms and conditions set forth when the account was opened. One would figure that as intellegent as your post is that YOU would be smart enough to she the WHOLE situation. And that would include YOUR part in it. You are so eager to place the blame on them and request a refund that you are DELIBERATLY ignoring your own role. Use that brain of yours. Then ACCEPT that the world doesnt revolve around you and that YOU ARE HUMAN and YOU MAKE MISTAKES.

Oh and two things in closing...One, not a worker or member of NSB. do realize that banks in general DO NOT make as much money as YOU may think they do. The PALTRY amount of interest means that they would have to hold MILLIONS for OVER 30 days just to see SOME sort of profit for just ONE branch. ANY money they have to pay out because a customer has made a purchase request with NSF pretty much comes out of OTHER customers money and NOT the bank itself.

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#4 General Comment

Some comments...

AUTHOR: Striderq - ()

First, no I have never worked for this bank.

 When you have an item presented to the bank and your account doesn't have the available balance to cover it, the transaction is returned unpaid and you're charged a NSF. Doesn't matter the reason your account is low. You're responsible to make sure there's enoughmoney to cover the transactions you authorized.

Granted, this situation was influenced by the lein from Kansas. But you should have been aware of that possibilty. As far as the bank being sure to recover any negative balance from accounts with direct deposit, it doesn't take that much to change where your direct deposit goes. The bank has no assurance it's coming in until they receive the information from the issuing bank.

Since the bank did everything properly, you have two courses of action for remedy. You can ask the bank to do a courtesy refund of the fees. dependin on your record with the bank and refund history, they refund up to half of the fees. Or you can ask the Kansas lawyers to pay the fees since their lein caused the fees. You probably won't get anything from them.

At least your post was entertaining to read.

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