Wellsfargo More Overdraft Fee SCAMS Brooklyn Park, Minnesota

At first some people may think your claim is just stupid, that this is not a RipOff. Some others may even think you have no clue about how to manage an account. But if they really think about it they will see that you are right, and the bank was wrong in charging you an overdraft fee.

Because you "opted-out" and didn't want the bank to pay any items that would put you in overdraft. So the bank should have returned the payment UNPAID. Of course they will still charge you a Returned Item Fee. Then the Credit Card would then charge you a returned item fee. If your payment was now late you would have been charged a late fee as well as additional interest by the credit card company. Then if your credit card was over the limit you would get that wonderful joy of paying an over the limit fee as well.

Sure this would have cost youALOTmore, but at leastthe bankwould not havegotten that nasty overdraft fee. I bet that sounds real logical now doesn't it.

Anyways, when you were given the option to "opt-in" banks sent out information as to what it means to "opt-in". This included in every pamphlet I saw that it only included Point-of-Sale purchases(ATM or Debit Card) and that Checks and ACH transactions the bank still holds the option to pay or return items. This is YOUR money you are dealing with and you should have taken the minor effort it took to make sure what the new regulations meant.

New regulations or not. One of the best ways(if not the best) to manage your account is to keep a written REGISTER. This way you can write every transaction down when you make it. Then never spend more than you have available in your account. Another important point in your situation is to cancel all "Auto-Debits", and pay them on your schedule. Especially if you have a habit of not remembering when they will be coming out.

Never do "auto drafts", especially if you keep low balances in your accounts.

Just common sense here.

No rip off here. You knew the auto draft was scheduled, and didn't have the money in the account to cover it.

How is that a rip off?

The new laws do not prevent penalties for overdrafts caused by ACH withdrawals. You failed to understand the changes.