Bank Of America Debit/Holds overdraft fee Boston Massachusetts

"that think that BofA can do no wrong."

Strawman argument. You are attempting to exaggerate or even fabricate arguments of the people who disagree with you.


"My point stands, they 'COULD' easily make it so it shows a true balance based on all transactions that have came in, specifically when it pertains to ccd and debit card transactions.

But they don't!! People dont fool yourselves, one software engineer called BofA out on it too, they designed the software to purposely mislead, and try to generate fees. I suggest you google it!!!"

A banking system is only as reliable as the the information that merchants submit. If they submit a $1 hold against a $34 purchase, then your online banking page is automatically inaccurate because the bank can't possibly know how much you charged until the merchant tells them. The only truly accurate record is your ledger/check register (provided that you use it).

"Heres the deal, I write maybe 2-3 checks a month tops, thats EASY to keep track of."

Agreed, though some people who post here have trouble with even that much.

"Now, take countless small debits, those that the bank could easily show every single one of them the second they are charged??"

They do show up on my BofA page barring the circumstances described above.

"Can be difficult to track. C'mon now people, how many actually run around with a little black book jotting down your last $3 transaction at QT?? I would say probably less than 10%. I sure don't see people doing it around me, thats for sure."

These days I use a mobile money app on my phone that syncs with my PC but before that I certainly did jot down my purchases in my register. I certainly don't want to pay overdraft fees and accurate record keeping is the best way to avoid them. I can think of better things to do with my money than donating it to the bank.

"Unfortuantely B of A, and many others, they simply do not care to protect the consumer from over spending, they actually WANT it to happen. Kind of like a CASINO wants you to LOSE. Except at least in a Casino, you acutally know ahead of time what they are after."

Nonsense. BofA or any other bank is not your mommy or your accountant. The majority of account holders get this as they do not pay overdraft fees. That means that they do not overspend their accounts and they manage their money all by themselves.

"Now, I personally have not had an overdraft in years, because I found other methods to protect myself from it. But there are constant new 'victims' of these institutions."

Great. You should use your typing ability to explain how to avoid overdraft fees.

"Don't defend them all you idiots!! Fight them!!! See the banks survive without their precious overdraft fees!!! they don't deserve $400 for a $40 mistake, and never have."

When you resort to name calling, it's a sign that you don't have a substantive argument. You and I have the same goal - we want to see people pay less or preferably no overdraft fees. The difference between us is that I promote personal responsibility whereas you endorse a victimhood mentality.

It's what people deserve and when they mismanage their money to the extent thy do, they deserve what they get. They deserve to have $400 taken from their account when they don't keep track of their transactions. The hope is that people learn from that mistake so that it never happens again. But here's the problem:

THEY DON'T LEARN FROM IT!!!

You see people commenting over and over about how banks costs them hundreds and sometimes thousands of dollars per month, imitating that behavior from one month to the next. It's not a matter of a bank deserving anything; they just are the beneficiaries of the bad behavior performed by its own customers. People can earn an account free of OD fees simply by not overdrafting. If they feel that is what they deserve, they can earn it. It's not a gift or an entitlement. Banks earn a bunch of money in OD fees; it amounted to $38 billion last year across the industry. The reality is that this $38 billion came from a real minority of the banking population - less than 20%. The other 80% of the population sees nothing wrong, so when you ask people to rise up....? just who are you speaking to? I would hope it's not the majority of us who have no trouble banking. Congress agrees there's nothing wrong and now the courts do as well.

The fight is over. Now is the time for us to be accountable. We haven't been.

""'C'mon now people, how many actually run around with a little black book jotting down your last $3 transaction at QT?? I would say probably less than 10%. I sure don't see people doing it around me, thats for sure.'
- A lot of people don't, but they don't need to. It is what ever works for them. If someone constantly uses their debit card, and has low balances they better be writing down the transactions as they make them. But if they have an 'idea' of how much they have, and don't use it much that may work out just as well. For example if someone has $20 in their account in the morning they know they can make that $3 debit if that's all they make. But if that same person uses their debit card 4-5 times in a day, they better be making sure that they have not spent more than that $20.

Good advice. Here's some more.

What I do is this; every time I use my bank card (for gas) I get a PRINTED RECEIPT and shove that into my wallet. This printed receipt comes out of my wallet in ONLY ONE MANNER-when I record the debit in my check book register.

That's how I empty my wallet of receipts. My bank card debit receipts are recorded in my check register.

My VISA credit card receipts are placed into a nook on my desk that is labeled VISA. When my monthly VISA statement arrives, I compare all my printed receipts against the VISA statement. Once the receipts are reconciled with the monthly statement, they are tossed out (unless they are needed for an item warranty.)

Here's some more tips;

Ways to avoid these NSF/OD fees:

Using an account register and reconciling that register with a monthly account statement from the bank will prevent any account holder from causing any NSF/OD fees.

The majority (if not all) of the reports I've read about NSF/OD fees have common behaviors of the account holders:

-using ATM cards for everyday purchases.
-using more than ONE ATM card attached to the account (husband and wife)
-using ATM cards for online purchases.
-using ATM cards for 'auto-bill pay' (autodebits)
**relying upon telephone or online account balances to determine what money is available for that shopping trip to Walmart.
**NOT using an account register.
**NOT verifying deposits have cleared.

1. Use an account register and reconcile the account register with a monthly written statement generated by the bank. If the bank is not mailing statements, contact customer service to have monthly statements MAILED to you.

1a. Be aware of ATM fees, such as the 'non-bank ATM fee' that most banks charge when you use an ATM that is not owned by your bank to make a withdrawal and post that fee in your account register immediately.

1b. Also be aware of any monthly 'account service fee' charged by your bank and post that to your register on the appropriate date.

2. Do NOT GIVE bank account information (or ATM card info) to any merchant, service provider, utility, online service to pay for services and goods. Use a REAL credit card for this purpose (either secured cc or unsecured cc.) Do not setup any automatic deposit to an account that is attached to said cc-NO auto payments to CC company-mail a check each month. If the entity demanding payment makes a mistake, you're going to have a host of problems and risk OD/NSF fees.

3. Do NOT use an ATM card for everyday expenses-USE CASH. Establish a monthly budget and withdrawal a weekly 'allowance' for every day expenses such as 'milk and bread' from the corner store, Burger King, etc. This will reduce the amount of transactions on the bank account which in turn makes RECONCILING the account and detecting ERRORS easier to accomplish. Again, if the entity demanding payment makes a mistake, you're going to risk NSF/OD fees.

4. Do not shop with the ATM card-use a real credit card. A real credit card offers protections that you don't have with an ATM card. If the merchant/service makes a mistake, you can dispute it with the CC company WITHOUT getting any OD/NSF. Not true if you use an ATM card-if the merchant makes a mistake; your money is gone until you can convince your bank to give it back, as well as OD/NSF fees.

5. ONLY ONE ATM CARD to one account. Do NOT have 2 or more atm cards for one bank account. Having 'his and hers' ATM cards attached to the same account is the same as in the old days when some folks would have 2 checkbooks for writing checks. It was an invitation to disaster then, and it is today.

6. Verify that deposits to the account have actually cleared. Deposits can take anywhere between 1 and 5 BUSINESS days to clear depending on the type and/or source of the deposit. Deposits over $5000 can take even LONGER before they are posted to the account.

The Federal Reserve publishes a Consumer Compliance Handbook which gives detailed information about what banks can and cannot do with deposits, holds, and funds availability. You can download this handbook at http://www.federalreserve.gov/boarddocs/supmanual/cch/200711/cch200711.pdf

Follow ALL of these suggestions and you will NEVER pay an OD/NSF fee again unless it is a LEGITIMATE bank error or caused by a merchant. If it is caused by a bank error the bank will rectify the situation and credit any fees generated as well as contact payees and cover any fees the payees assess to you. If the fee is caused by a merchant error, you will need to hold the merchant accountable for the fees, although in many cases the bank may reverse the fees as a courtesy if the merchant confirms that the merchant made an error.

This is a tried and true method to avoid these fees. It works EVERY TIME it's tried.

""'C'mon now people, how many actually run around with a little black book jotting down your last $3 transaction at QT?? I would say probably less than 10%. I sure don't see people doing it around me, thats for sure.'
- A lot of people don't, but they don't need to. It is what ever works for them. If someone constantly uses their debit card, and has low balances they better be writing down the transactions as they make them. But if they have an 'idea' of how much they have, and don't use it much that may work out just as well. For example if someone has $20 in their account in the morning they know they can make that $3 debit if that's all they make. But if that same person uses their debit card 4-5 times in a day, they better be making sure that they have not spent more than that $20.

Good advice. Here's some more.

What I do is this; every time I use my bank card (for gas) I get a PRINTED RECEIPT and shove that into my wallet. This printed receipt comes out of my wallet in ONLY ONE MANNER-when I record the debit in my check book register.

That's how I empty my wallet of receipts. My bank card debit receipts are recorded in my check register.

My VISA credit card receipts are placed into a nook on my desk that is labeled VISA. When my monthly VISA statement arrives, I compare all my printed receipts against the VISA statement. Once the receipts are reconciled with the monthly statement, they are tossed out (unless they are needed for an item warranty.)

Here's some more tips;

Ways to avoid these NSF/OD fees:

Using an account register and reconciling that register with a monthly account statement from the bank will prevent any account holder from causing any NSF/OD fees.

The majority (if not all) of the reports I've read about NSF/OD fees have common behaviors of the account holders:

-using ATM cards for everyday purchases.
-using more than ONE ATM card attached to the account (husband and wife)
-using ATM cards for online purchases.
-using ATM cards for 'auto-bill pay' (autodebits)
**relying upon telephone or online account balances to determine what money is available for that shopping trip to Walmart.
**NOT using an account register.
**NOT verifying deposits have cleared.

1. Use an account register and reconcile the account register with a monthly written statement generated by the bank. If the bank is not mailing statements, contact customer service to have monthly statements MAILED to you.

1a. Be aware of ATM fees, such as the 'non-bank ATM fee' that most banks charge when you use an ATM that is not owned by your bank to make a withdrawal and post that fee in your account register immediately.

1b. Also be aware of any monthly 'account service fee' charged by your bank and post that to your register on the appropriate date.

2. Do NOT GIVE bank account information (or ATM card info) to any merchant, service provider, utility, online service to pay for services and goods. Use a REAL credit card for this purpose (either secured cc or unsecured cc.) Do not setup any automatic deposit to an account that is attached to said cc-NO auto payments to CC company-mail a check each month. If the entity demanding payment makes a mistake, you're going to have a host of problems and risk OD/NSF fees.

3. Do NOT use an ATM card for everyday expenses-USE CASH. Establish a monthly budget and withdrawal a weekly 'allowance' for every day expenses such as 'milk and bread' from the corner store, Burger King, etc. This will reduce the amount of transactions on the bank account which in turn makes RECONCILING the account and detecting ERRORS easier to accomplish. Again, if the entity demanding payment makes a mistake, you're going to risk NSF/OD fees.

4. Do not shop with the ATM card-use a real credit card. A real credit card offers protections that you don't have with an ATM card. If the merchant/service makes a mistake, you can dispute it with the CC company WITHOUT getting any OD/NSF. Not true if you use an ATM card-if the merchant makes a mistake; your money is gone until you can convince your bank to give it back, as well as OD/NSF fees.

5. ONLY ONE ATM CARD to one account. Do NOT have 2 or more atm cards for one bank account. Having 'his and hers' ATM cards attached to the same account is the same as in the old days when some folks would have 2 checkbooks for writing checks. It was an invitation to disaster then, and it is today.

6. Verify that deposits to the account have actually cleared. Deposits can take anywhere between 1 and 5 BUSINESS days to clear depending on the type and/or source of the deposit. Deposits over $5000 can take even LONGER before they are posted to the account.

The Federal Reserve publishes a Consumer Compliance Handbook which gives detailed information about what banks can and cannot do with deposits, holds, and funds availability. You can download this handbook at http://www.federalreserve.gov/boarddocs/supmanual/cch/200711/cch200711.pdf

Follow ALL of these suggestions and you will NEVER pay an OD/NSF fee again unless it is a LEGITIMATE bank error or caused by a merchant. If it is caused by a bank error the bank will rectify the situation and credit any fees generated as well as contact payees and cover any fees the payees assess to you. If the fee is caused by a merchant error, you will need to hold the merchant accountable for the fees, although in many cases the bank may reverse the fees as a courtesy if the merchant confirms that the merchant made an error.

This is a tried and true method to avoid these fees. It works EVERY TIME it's tried.

'Google' this- BANK OF AMERICA COMPLAINTS SECRET LIFE INSURANCE POLICIES, and read that article, and then read about how they were doing 'DEATH SWEEPS' in order for these banks to collect the benefits on their current & former employees when they DIED!

WOW! Using people's Social Security numbers to do 'DEATH SWEEPS'. That's real SNEAKY, huh?

SPREAD THIS ALL OVER THE WEB! Put it at- 'Twitter', 'Facebook', 'MySpace', and all over the web!

Thank you.

P.S. Don't forget to 'Google' all of the following & watch them on the web-

THE OBAMA DECEPTION

INSIDE THE MELTDOWN

THE ASCENT OF MONEY PBS

AMERICA: FREEDOM TO FASCISM

FRONTLINE THE MADOFF AFFAIR

BUSH'S WAR

9/11 PRESS FOR TRUTH

YOUTUBE CONDOLEEZZA RICE LIAR

*Thank you.

POWER TO THE PEOPLE

'Google' this- BANK OF AMERICA COMPLAINTS SECRET LIFE INSURANCE POLICIES, and read that article, and then read about how they were doing 'DEATH SWEEPS' in order for these banks to collect the benefits on their current & former employees when they DIED!

WOW! Using people's Social Security numbers to do 'DEATH SWEEPS'. That's real SNEAKY, huh?

SPREAD THIS ALL OVER THE WEB! Put it at- 'Twitter', 'Facebook', 'MySpace', and all over the web!

Thank you.

P.S. Don't forget to 'Google' all of the following & watch them on the web-

THE OBAMA DECEPTION

INSIDE THE MELTDOWN

THE ASCENT OF MONEY PBS

AMERICA: FREEDOM TO FASCISM

FRONTLINE THE MADOFF AFFAIR

BUSH'S WAR

9/11 PRESS FOR TRUTH

YOUTUBE CONDOLEEZZA RICE LIAR

*Thank you.

POWER TO THE PEOPLE

'Google' this- BANK OF AMERICA COMPLAINTS SECRET LIFE INSURANCE POLICIES, and read that article, and then read about how they were doing 'DEATH SWEEPS' in order for these banks to collect the benefits on their current & former employees when they DIED!

WOW! Using people's Social Security numbers to do 'DEATH SWEEPS'. That's real SNEAKY, huh?

SPREAD THIS ALL OVER THE WEB! Put it at- 'Twitter', 'Facebook', 'MySpace', and all over the web!

Thank you.

P.S. Don't forget to 'Google' all of the following & watch them on the web-

THE OBAMA DECEPTION

INSIDE THE MELTDOWN

THE ASCENT OF MONEY PBS

AMERICA: FREEDOM TO FASCISM

FRONTLINE THE MADOFF AFFAIR

BUSH'S WAR

9/11 PRESS FOR TRUTH

YOUTUBE CONDOLEEZZA RICE LIAR

*Thank you.

POWER TO THE PEOPLE

'Google' this- BANK OF AMERICA COMPLAINTS SECRET LIFE INSURANCE POLICIES, and read that article, and then read about how they were doing 'DEATH SWEEPS' in order for these banks to collect the benefits on their current & former employees when they DIED!

WOW! Using people's Social Security numbers to do 'DEATH SWEEPS'. That's real SNEAKY, huh?

SPREAD THIS ALL OVER THE WEB! Put it at- 'Twitter', 'Facebook', 'MySpace', and all over the web!

Thank you.

P.S. Don't forget to 'Google' all of the following & watch them on the web-

THE OBAMA DECEPTION

INSIDE THE MELTDOWN

THE ASCENT OF MONEY PBS

AMERICA: FREEDOM TO FASCISM

FRONTLINE THE MADOFF AFFAIR

BUSH'S WAR

9/11 PRESS FOR TRUTH

YOUTUBE CONDOLEEZZA RICE LIAR

*Thank you.

POWER TO THE PEOPLE

"People dont fool yourselves, one software engineer called BofA out on it too, they designed the software to purposely mislead, and try to generate fees. I suggest you google it!!!"
- And I can use "google" and find just as many people who said that the Moon Landing never happened or that Elvis is alive and working in a Cafe in TN.

"Now, take countless small debits, those that the bank could easily show every single one of them the second they are charged??"
- They do, IF and notice that is IF the merchant submits the debit. A good example of this is with Gas Stations. They will "authorize" $1, and that $1 will show up. But it is the Gas Station that takes 2-3 days for the real debit to show up showing how much you actually pumped.

"C'mon now people, how many actually run around with a little black book jotting down your last $3 transaction at QT?? I would say probably less than 10%. I sure don't see people doing it around me, thats for sure."
- A lot of people don't, but they don't need to. It is what ever works for them. If someone constantly uses their debit card, and has low balances they better be writing down the transactions as they make them. But if they have an "idea" of how much they have, and don't use it much that may work out just as well. For example if someone has $20 in their account in the morning they know they can make that $3 debit if that's all they make. But if that same person uses their debit card 4-5 times in a day, they better be making sure that they have not spent more than that $20.

"Unfortuantely B of A, and many others, they simply do not care to protect the consumer from over spending,"
- Where in the world did personal responsibility go? Banks are not your babysitter. If you want someone to watch over your account to make sure you live within your means then hire an accountant.

"Now, I personally have not had an overdraft in years, because I found other methods to protect myself from it. But there are constant new 'victims' of these institutions."
- Great for you. By the way what are these "other" methods. Could they have anything to do with knowing your available balance, not using your debit card for every single $0.79 purchase, not spending more than you have, or the many other items that people have suggested to manage your own account? Because if it is some new magical method I am sure that everyone here would love to know what it is.

"" Now, take countless small debits, those that the bank could easily show every single one of them the second they are charged?? ""

Only if the bank knows the amount of the charge. Many vendors will authorize a charge, meaning they check an account for available funds. They don't actually submit the charge until the end of the business day. Gas stations are notorious for this. Resturaunts also, they don't know the amount of your bill because of the tip. They will check and make sure the amount will be approved and at the end of business day submit the corrected amount. There are MANY reasons why an online banking system will always be inaccurate.

that think that BofA can do no wrong.

To what purpose would an online banking statement be misleading??

My point stands, they 'COULD' easily make it so it shows a true balance based on all transactions that have came in, specifically when it pertains to ccd and debit card transactions.

But they don't!! People dont fool yourselves, one software engineer called BofA out on it too, they designed the software to purposely mislead, and try to generate fees. I suggest you google it!!!

Heres the deal, I write maybe 2-3 checks a month tops, thats EASY to keep track of.

Now, take countless small debits, those that the bank could easily show every single one of them the second they are charged??

Can be difficult to track. C'mon now people, how many actually run around with a little black book jotting down your last $3 transaction at QT?? I would say probably less than 10%. I sure don't see people doing it around me, thats for sure.

Unfortuantely B of A, and many others, they simply do not care to protect the consumer from over spending, they actually WANT it to happen. Kind of like a CASINO wants you to LOSE. Except at least in a Casino, you acutally know ahead of time what they are after.

Now, I personally have not had an overdraft in years, because I found other methods to protect myself from it. But there are constant new 'victims' of these institutions.

Don't defend them all you idiots!! Fight them!!! See the banks survive without their precious overdraft fees!!! they don't deserve $400 for a $40 mistake, and never have.

the U.S. economy is much more fragile than most people believe?

Think about it, according to what was stated in that '60 Minutes' segment from earlier this year, if the Chinese government decided to pull all of their money out of the United States, it would create the- 'FINANCIAL NUCLEAR OPTION', correct?

We'd probably be in the same boat as we were last September when the economy was melting down, right?

Just think, a simple PHONE CALL from the Chinese government requesting all of their money that they have invested in the USA could send the U.S. economy into a tail-spin (according to what was stated in that '60 Minutes' segment), huh?

And just think, 90% of American's RETIREMENT ACCOUNTS are invested in the stock market, aren't they?

I hope that the Chinese don't pull all of their money out of the USA, don't you?

P.S. Make sure to 'Google' & watch all of the following on the web-

CHINA INVESTMENT AN OPEN BOOK

INSIDE THE MELTDOWN

THE OBAMA DECEPTION

THE ASCENT OF MONEY PBS

FRONTLINE BREAKING THE BANK PBS

FRONTLINE THE MADOFF AFFAIR

AMERICA: FREEDOM TO FASCISM

9/11 PRESS FOR TRUTH

YOUTUBE CONDOLEEZZA RICE LIAR

*Don't forget to 'Google' this- 3 NEW JERSEY MAYORS AND 5 RABBIS AMONG THOSE ARRESTED, and read that article.

I hope that the FBI is probing ALL of the elected officials in the USA, don't you?

Have a nice day.

at CNNMoney.com today. You can probably 'Google' this- BANK OF AMERICA MAY CLOSE 10% OF BRANCHES, and read the CNNMoney.com article.

Maybe Americans are finally closing their accounts with Bank of America and putting their money into locally owned & operated CREDIT UNIONS, huh?

To learn more about money, simply 'Google' the following & watch them on the web-

THE ASCENT OF MONEY PBS

INSIDE THE MELTDOWN

CHINA INVESTMENT AN OPEN BOOK

FRONTLINE BREAKING THE BANK PBS

Online is bs
If you do not received a monthly bank statement in the mail get one!
Learn to reconcile your account every month - keep a check register and go by that
The overdrafts are YOUR fault period - stop placing blame where there is no blame
This is YOUR account not the bank's
Learn to manage your finances or start paying in cash
PS I do not work for this bank - I bank in West Texas
Stacey

'60 Minutes' segment from earlier this year that banks like Goldman Sachs & Morgan Stanley had the ability to MANIPULATE the price of oil, and thus cause the price of commodities like grain, & rice, etc., to rise sharply, thus creating STARVATION in some parts of the world?

The ability to MANIPULATE oil could also hurt the U.S economy, right? Let's face it- Airlines need fuel in order to keep planes flying, correct? And most people need to put gasoline in their cars, don't they? Most of the food in the USA is shipped by trucks & trains that need fuel, right? High fuel prices could also prevent some people from buying new cars, especially TRUCKS, & SUV's, & even MINIVANS that don't get very good gas mileage, wouldn't you agree?

I can remember watching the PBS News station last year and they showed people in India who were literally STARVING because the price of oil was so high it caused the transportation of such commodities like rice, which is their main staple in India, to go WAY UP in price and many poor people couldn't afford to buy enough food for themselves & their families.

Do you think it's okay for some banks to be able to 'speculate', or MANIPULATE the price of oil all the way up to $147 a barrel like it was last summer? I'm sure you remember how gasoline reached, and exceeded, $4 a gallon in the USA, right? And just think- Goldman Sachs received $10 BILLION in 'TARP' money a few months after oil was at $147 a barrel, didn't they? 'TARP' stands for- 'Troubled Asset Relief Program' which was the $700 BILLION in TAXPAYER'S money, if you didn't already know.

Also, do you think that banks should be able to PROFIT on their current & former employees DEATHS?

You can 'Google' this- JP MORGAN CHASE COMPLAINTS SECRET LIFE INSURANCE POLICIES ON, and read all about it. A Texas law firm is handling this case. There was actually a Rip Off Report at the 'BANK OF AMERICA' page of this site regarding this case a while back.

It seems as though some MAJOR banks in the USA were PROFITING ON THE DEATHS of their CURRENT & FORMER EMPLOYEES (without their knowledge or consent), huh?

Please give me your feedback when you have time.

Thank you.

P.S. Don't forget to 'Google' & watch all of the following on the web-

DID SPECULATION FUEL OIL PRICE SWINGS

INSIDE THE MELTDOWN

THE OBAMA DECEPTION

AMERICA: FREEDOM TO FASCISM

FRONTLINE THE MADOFF AFFAIR

9/11 PRESS FOR TRUTH

YOUTUBE CONDOLEEZZA RICE LIAR

BUSH'S WAR

CHINA INVESTMENT AN OPEN BOOK

P.S.S. Just think, a simple phone-call from the Chinese government requesting all of their money that they have invested in the USA could create the, quote- 'FINANCIAL NUCLEAR OPTION', and our entire economy could MELTDOWN, according to what was stated in the other '60 Minutes' segment entitled- CHINA INVESTMENT AN OPEN BOOK (you can 'Google' it & watch it on the web!)

Let's HOPE that China leaves their money in the USA, huh?

'60 Minutes' segment from earlier this year that banks like Goldman Sachs & Morgan Stanley had the ability to MANIPULATE the price of oil, and thus cause the price of commodities like grain, & rice, etc., to rise sharply, thus creating STARVATION in some parts of the world?

The ability to MANIPULATE oil could also hurt the U.S economy, right? Let's face it- Airlines need fuel in order to keep planes flying, correct? And most people need to put gasoline in their cars, don't they? Most of the food in the USA is shipped by trucks & trains that need fuel, right? High fuel prices could also prevent some people from buying new cars, especially TRUCKS, & SUV's, & even MINIVANS that don't get very good gas mileage, wouldn't you agree?

I can remember watching the PBS News station last year and they showed people in India who were literally STARVING because the price of oil was so high it caused the transportation of such commodities like rice, which is their main staple in India, to go WAY UP in price and many poor people couldn't afford to buy enough food for themselves & their families.

Do you think it's okay for some banks to be able to 'speculate', or MANIPULATE the price of oil all the way up to $147 a barrel like it was last summer? I'm sure you remember how gasoline reached, and exceeded, $4 a gallon in the USA, right? And just think- Goldman Sachs received $10 BILLION in 'TARP' money a few months after oil was at $147 a barrel, didn't they? 'TARP' stands for- 'Troubled Asset Relief Program' which was the $700 BILLION in TAXPAYER'S money, if you didn't already know.

Also, do you think that banks should be able to PROFIT on their current & former employees DEATHS?

You can 'Google' this- JP MORGAN CHASE COMPLAINTS SECRET LIFE INSURANCE POLICIES ON, and read all about it. A Texas law firm is handling this case. There was actually a Rip Off Report at the 'BANK OF AMERICA' page of this site regarding this case a while back.

It seems as though some MAJOR banks in the USA were PROFITING ON THE DEATHS of their CURRENT & FORMER EMPLOYEES (without their knowledge or consent), huh?

Please give me your feedback when you have time.

Thank you.

P.S. Don't forget to 'Google' & watch all of the following on the web-

DID SPECULATION FUEL OIL PRICE SWINGS

INSIDE THE MELTDOWN

THE OBAMA DECEPTION

AMERICA: FREEDOM TO FASCISM

FRONTLINE THE MADOFF AFFAIR

9/11 PRESS FOR TRUTH

YOUTUBE CONDOLEEZZA RICE LIAR

BUSH'S WAR

CHINA INVESTMENT AN OPEN BOOK

P.S.S. Just think, a simple phone-call from the Chinese government requesting all of their money that they have invested in the USA could create the, quote- 'FINANCIAL NUCLEAR OPTION', and our entire economy could MELTDOWN, according to what was stated in the other '60 Minutes' segment entitled- CHINA INVESTMENT AN OPEN BOOK (you can 'Google' it & watch it on the web!)

Let's HOPE that China leaves their money in the USA, huh?

'60 Minutes' segment from earlier this year that banks like Goldman Sachs & Morgan Stanley had the ability to MANIPULATE the price of oil, and thus cause the price of commodities like grain, & rice, etc., to rise sharply, thus creating STARVATION in some parts of the world?

The ability to MANIPULATE oil could also hurt the U.S economy, right? Let's face it- Airlines need fuel in order to keep planes flying, correct? And most people need to put gasoline in their cars, don't they? Most of the food in the USA is shipped by trucks & trains that need fuel, right? High fuel prices could also prevent some people from buying new cars, especially TRUCKS, & SUV's, & even MINIVANS that don't get very good gas mileage, wouldn't you agree?

I can remember watching the PBS News station last year and they showed people in India who were literally STARVING because the price of oil was so high it caused the transportation of such commodities like rice, which is their main staple in India, to go WAY UP in price and many poor people couldn't afford to buy enough food for themselves & their families.

Do you think it's okay for some banks to be able to 'speculate', or MANIPULATE the price of oil all the way up to $147 a barrel like it was last summer? I'm sure you remember how gasoline reached, and exceeded, $4 a gallon in the USA, right? And just think- Goldman Sachs received $10 BILLION in 'TARP' money a few months after oil was at $147 a barrel, didn't they? 'TARP' stands for- 'Troubled Asset Relief Program' which was the $700 BILLION in TAXPAYER'S money, if you didn't already know.

Also, do you think that banks should be able to PROFIT on their current & former employees DEATHS?

You can 'Google' this- JP MORGAN CHASE COMPLAINTS SECRET LIFE INSURANCE POLICIES ON, and read all about it. A Texas law firm is handling this case. There was actually a Rip Off Report at the 'BANK OF AMERICA' page of this site regarding this case a while back.

It seems as though some MAJOR banks in the USA were PROFITING ON THE DEATHS of their CURRENT & FORMER EMPLOYEES (without their knowledge or consent), huh?

Please give me your feedback when you have time.

Thank you.

P.S. Don't forget to 'Google' & watch all of the following on the web-

DID SPECULATION FUEL OIL PRICE SWINGS

INSIDE THE MELTDOWN

THE OBAMA DECEPTION

AMERICA: FREEDOM TO FASCISM

FRONTLINE THE MADOFF AFFAIR

9/11 PRESS FOR TRUTH

YOUTUBE CONDOLEEZZA RICE LIAR

BUSH'S WAR

CHINA INVESTMENT AN OPEN BOOK

P.S.S. Just think, a simple phone-call from the Chinese government requesting all of their money that they have invested in the USA could create the, quote- 'FINANCIAL NUCLEAR OPTION', and our entire economy could MELTDOWN, according to what was stated in the other '60 Minutes' segment entitled- CHINA INVESTMENT AN OPEN BOOK (you can 'Google' it & watch it on the web!)

Let's HOPE that China leaves their money in the USA, huh?

There is ONLY one purpose for an online register and that's for the account holder to reconcile their account and place onto their check register any possible unrecorded transactions. That is the ONLY reason ANYONE should use it and if you or anyone uses it for any reason other than that - will lose their money to the bank. Banks are not your mommy and they don't keep your check register for you; that is the job of every account holder.

A bank is like any other for-profit business in this country; the bottom line is that they don't have to do a single thing to trick ANYONE into giving a bank money and the truth is - they can't. They can resort transactions highest to lowest, they can change dates, etc... if you have enough money in your account, you cannot overdraft your account. Period - end of story.

It is that simple.

There is ONLY one purpose for an online register and that's for the account holder to reconcile their account and place onto their check register any possible unrecorded transactions. That is the ONLY reason ANYONE should use it and if you or anyone uses it for any reason other than that - will lose their money to the bank. Banks are not your mommy and they don't keep your check register for you; that is the job of every account holder.

A bank is like any other for-profit business in this country; the bottom line is that they don't have to do a single thing to trick ANYONE into giving a bank money and the truth is - they can't. They can resort transactions highest to lowest, they can change dates, etc... if you have enough money in your account, you cannot overdraft your account. Period - end of story.

It is that simple.

There is ONLY one purpose for an online register and that's for the account holder to reconcile their account and place onto their check register any possible unrecorded transactions. That is the ONLY reason ANYONE should use it and if you or anyone uses it for any reason other than that - will lose their money to the bank. Banks are not your mommy and they don't keep your check register for you; that is the job of every account holder.

A bank is like any other for-profit business in this country; the bottom line is that they don't have to do a single thing to trick ANYONE into giving a bank money and the truth is - they can't. They can resort transactions highest to lowest, they can change dates, etc... if you have enough money in your account, you cannot overdraft your account. Period - end of story.

It is that simple.

There is ONLY one purpose for an online register and that's for the account holder to reconcile their account and place onto their check register any possible unrecorded transactions. That is the ONLY reason ANYONE should use it and if you or anyone uses it for any reason other than that - will lose their money to the bank. Banks are not your mommy and they don't keep your check register for you; that is the job of every account holder.

A bank is like any other for-profit business in this country; the bottom line is that they don't have to do a single thing to trick ANYONE into giving a bank money and the truth is - they can't. They can resort transactions highest to lowest, they can change dates, etc... if you have enough money in your account, you cannot overdraft your account. Period - end of story.

It is that simple.

"I noticed that some banks, transacitons disappear and then re-appear later when the actual paperwork is submitted."

But it shouldn't matter if the transaction appears, then disappears for a few days, then reposts. When you spent the money, you should have noted it was accounted for and subtracted it from the amount of money you have left. Period.

There is really no purpose for online balances to make more sense.

They are perfectly capable of producing a no nonsense available balance and transaction ledger online, with the actual DATE the original transaction was initiated. You call a CSR, they can see it!! But you can't see some of them. You make a purchase with a card, there is no reason the bank can't post that transaction, or at least show it as pending for a period of at least 7 days.

I noticed that some banks, transacitons disappear and then re-appear later when the actual paperwork is submitted.

It makes sense that it works that way with checks, they hit the account when they come in, but CCD and debit purchases are where people get in trouble.

IMO, banks set it up this way on purpose....Hmm wonder what purpose that could be?? To make a profit off of a mistake, thats why.

Unfortunately, the only way to do anything about it is to keep your own ledger, or just use cash for simple day to day stuff.

Banks WANT to make money off of fees, always remember that.

The wording in your report leads me to believe that you are managing your account balance through online banking. You can't do that... the system was never intended to be used that way.

This is serious. One of the most common causes of overdraft fees that are reported on this site is not keeping a check register and using online banking, phone banking or ATM inquiries to learn account balances.

This website tends to redact URLs, but if you go to Google and search for "free check register", you'll find several printable check registers that you can use along with some tips on how to use them. This really is the most accurate way to manage your account.

After you get your check register, keep the following tips in mind...

The bank does process the day's transactions from highest to lowest and that's okay - the processing order doesn't matter so long as you stay within your account balance.

If you want to buy something for $50 and only have $31 in your account, do not buy the item thinking you'll be able to make a deposit to cover the transaction. Only make purchases when funds are fully available.

Familiarize yourself with the bank's funds availability policy. A check deposited on Saturday evening won't be fully available until Tuesday at the earliest and even later if there was a holiday.

Best of luck to you.

They can't take the fees, if you don't overdraw. You are trying to manage your account by using an online balance. By now, you should have figured out that it won't work. This problem will follow you to a new bank.