US Bank Killing me in Overdraft fees Burnsville Minnesota

You writing your rent check when you didn't have the money in your account is your fault, and only your fault. You can't blame the bank for that.

When you deposit a check written off of a different bank, it is similar to depositing a piece of paper saying someone owes you money. It is not acutally depositing money. So the USbank then takes this piece of paper and takes it to "their bank" the Federal Reserve in order to get this money someone owes you.

When you deposit a check, it is saying "someone owes me money, you can go get it now. Thanks" The check can still come back NSF, as a stop payment, or fraud.

As to you saying, "yeah, you should have paid it, I had the money in there." You didn't have the money in there, you had a piece of paper in there saying the mony will be there soon. These funds aren't "collected" on, which means that USbank still doesn't actually have that money yet. Chances are, it still wasn't collected on Tuesday, but as a service they still had it availble to you that day. Available is not the same thing as collected.

And, they were helping you out in paying that check. If they didn't, you would have still been out the overdraft fees and you still would have a lot to explain to your landlord. He or she might have charged you or put you on notice for having your rent check come back.

You also don't want to be report to chex systems because of something that was your fault to begin with. You are on there for five years regardless if you pay the money back or not. Really, you are only hurting yourself.

When you open up an accont, you are entering a business relationship with a bank. There are terms and conditions. You have to sign a piece of paper saying you agree with them. If you didn't read it or ask any questions regarding your "deal" with the bank. It's simply your own fault. You ahve that right to ask any question in the world to the personal banker. You also, seems like a funny notion, but actually read what you are signing.

The OP wrote:

'Over the weekend I wrote a check for my rent because I had a check to deposit on Monday. So I deposited my check on MONDAYS business day and the check I wrote for rent went through Monday evening.'

Listen up, Tttbbb80538, and everyone else who still thinks you can float a check and/or debit transactions:

THE DAYS OF FLOATING ARE OVER

Legally, when you wrote the check, you presented a note for payment to be honored IMMEDIATELY, not when you could scurry off to the bank to cover it.

Legally, you committed a crime in some localities when you presented the check knowing that there were not funds available at that moment to pay it.

Ergo, YOU are responsible for the fees you were assessed, not U.S. Bank. No Rip-off here...

One last note regarding your 'thumbing your nose at a Chexsystems' remark:

Almost EVERY bank utilizes either Chex or some Chex spin-off like eFunds to verify and maintain bank accounts. Be very cautious with your bravado to 'stick it to the man' by refusing to pay the penalty for your poor choice. An unpaid account on Chex can prompt Risk Management to close down an existing account and make it nearly impossible to open an account for the FIVE YEARS that the bad mark stays on your Chex record.

You think you have difficulty dealing with banks? Try living life without a bank account of any sort. The fees you pay by overdrafting will seem like peanuts compared to the cost of cashing your paycheck at a check-cashing place and mailing money orders for 5 years.

USB gives you $100.00 upfront and the remaining funds the next day. This is called Regulation CC and banks are required by law to tell you their funds availibility rules. You actually signed off on this when you opened the account.

USB gives you $100.00 upfront and the remaining funds the next day. This is called Regulation CC and banks are required by law to tell you their funds availibility rules. You actually signed off on this when you opened the account.

USB gives you $100.00 upfront and the remaining funds the next day. This is called Regulation CC and banks are required by law to tell you their funds availibility rules. You actually signed off on this when you opened the account.

USB gives you $100.00 upfront and the remaining funds the next day. This is called Regulation CC and banks are required by law to tell you their funds availibility rules. You actually signed off on this when you opened the account.

It's not worth the damage it will do to your credit. You'll end up paying far more than that $600 in the long run.

You didn't rack up $200 in fees from just your rent check. You must have had other transactions that were pending and you didn't have the funds to cover them.

US Bank is one of the banks that I use. I know how they operate and I'm willing to bet that everything was covered by the Terms & Conditions that you agreed to when you opened the account.

IT is the Federal Reserve and congress who make the banking laws NOT FDIC. FDIC is insurance in case the bank fails. But with all the math challenged people out there who don't keep a register, the chances of any bank failing is nill. (That is zero for all you math challenged people)

they can report me to chexsystems I am only dealing with cash.
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No, you don't want this to happen....Once you get into this system it will screw up your financial life for multiple years. See if you can negotiate a break with the NSF fees.