US Bank rip-off! Bogus Overdrafts, Misleading Information! Kansas City Kansas

US Bank Ripped me out of $363.00. On 9/7/2004, I had several transactions that I had done over the weekend that had not yet posted to my account. I will admit that I needed to add $70.00 dollars to my account for them to post. So on 9/7/2004, I went and got a $200.00 loan to cover the $70.00. When I then went to the bank on 9/7/2004 and deposited the monies in the bank. I received a receipt in return that stated that my balance was $900.00. That was good news to me because those other transactions had not yet posted and I was in the clear. I then went out and used my check card for another $40.00 worth of tractions, because I had enough money in the bank to cover it. I went home and checked my account at 12:03 am on 9/8/2004, and the monies was still in theis account.

Around 8:00 9/8/2004, I checked my account again and boy was I suprised. I had 5 charges of $33.00 insufficient fund fees which totaled 165.00 plus the $70.00 dollars that I had owed prior to putting the $200.00 in the bank. And to make it even worse, the statement stated that these insufficient transactions were posted on 9/7/2004 and that I did not deposit the money in my account until 9/8/2004. That was a lie. I called and argued with the bank for two hours and they finally told me that I had to pay the monie. So I went and got another $300.00 loan deposited it in the bank to cover these charges, and then the next day what do I see the $40.00 transactions that I had did the day before had bounced plus they charged me two more $33.00 insufficient fund fees.

I know that they are in the business of making money but this is ridiculas. On 9/7/2004, I had 7 transactions hit on the same day. The largest check was for $455.00, and all of the rest were under $15.00. If they would have only paid the smallest one's first then I would not be out of $363.00 right now. This is the only bank that does it like this. When I asked them why did they pay the largest one and then charge me $363.00 worth of insufficient fund fees instead of just $33.00, then told me that at least that one got paid. This bank is a ripoff. I am going to try to find some laws on this and try to get a class-action lawsuit against this company. This has got to be illegal.

Dee
Kansas City, Kansas
U.S.A.