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Ripoff Report | Financial Institutions Review - ..., California
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Report: #1212660

Complaint Review: Financial Institutions - ... California

  • Submitted:
  • Updated:
  • Reported By: Fair Trade Needs — .. California
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  • Financial Institutions ... ..., California USA

Financial Institutions Major banks A lot of disproportionate fees charged by banks ... California

*Consumer Comment: Nonsense!

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Banks charge a lot of money as fees like "late fee","overdraft fee" etc.

This becomes substantially high compared to the money in the account and amount borrowed.

Added to that Banks dont give copies of bank-accountholder contract to the accountholder to 

later review what they have signed.

 

This is a rip-off, customers are forced to sign on contracts to open accounts and they dont have copies neither electronic nor paper.

 

This makes people afraid to open simple bank accounts.

 

 

This report was posted on Ripoff Report on 03/01/2015 09:41 PM and is a permanent record located here: https://www.ripoffreport.com/reports/financial-institutions/-california-94111/financial-institutions-major-banks-a-lot-of-disproportionate-fees-charged-by-banks-ca-1212660. 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

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#1 Consumer Comment

Nonsense!

AUTHOR: Jim - ()

POSTED: Monday, March 02, 2015

Account holders give themselves overdraft fees because they don't keep written records with an on-going running balance then and only then using the card if the on-going running balance supports the debit.  Overdraft fees are 100% avoidable but not if someone is too lazy to keep records.

Late fees on loans or credit cards are also 100% avoidable by being a responsible adult and paying your bills on time. Your bubble has been burst.  No grow up!

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