indimuse
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Mon Sep-21-09 05:54 AM
Response to Original message |
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Is exactly why I closed my acct with BOA!  KNR! |
| -Democrats Target Bank Overdraft Charges |
cal04 |
Sep-20-09 10:06 PM |
#0 |
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this is such a no-brainer |
shanti |
Sep-20-09 10:21 PM |
#1 |
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Why, why, WHY do people still use commercial banks?! For |
WestSeattle2 |
Sep-21-09 08:53 PM |
#99 |
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Once upon a time the card would be declined |
PatrynXX |
Sep-20-09 10:21 PM |
#2 |
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a teenager in our household last year... |
grasswire |
Sep-20-09 11:12 PM |
#7 |
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Neither does Wells Fargo |
tinrobot |
Sep-21-09 12:09 AM |
#9 |
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Wells Fargo has a different scam, though |
beltanefauve |
Sep-21-09 03:03 AM |
#22 |
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this happen to me and I called them on this and after two days |
INdemo |
Sep-21-09 07:05 AM |
#30 |
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No offense intended, but |
FBaggins |
Sep-21-09 09:15 AM |
#45 |
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Thanks for sharing |
beltanefauve |
Sep-21-09 02:23 PM |
#80 |
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You have every right to be cautious. My spider sense says "banking industry shill" |
Raster |
Sep-21-09 08:13 PM |
#96 |
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Wells has an even better scam now |
lakercub |
Sep-21-09 10:27 AM |
#56 |
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I hate WF. |
CrispyQ |
Sep-21-09 11:34 AM |
#67 |
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Both WF and B of A worked us over at different times in different ways. Hate them both but |
zonkers |
Sep-21-09 11:03 AM |
#62 |
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Utilities are doing this as well. |
Seldona |
Sep-21-09 06:08 PM |
#89 |
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it's one thing to slap a fee on someone for a mistake |
Skittles |
Sep-21-09 01:55 AM |
#17 |
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there was a thread some weeks ago... |
grasswire |
Sep-21-09 02:12 AM |
#19 |
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good idea |
Skittles |
Sep-21-09 02:35 AM |
#21 |
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Until the 1999 Banking Reform Act, the smaller chargers were REQUIRED to |
truedelphi |
Sep-21-09 12:47 AM |
#11 |
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It actually made sense at the time |
FBaggins |
Sep-21-09 07:09 AM |
#32 |
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How do you know people "used to come into the bank and complain"? |
Raster |
Sep-21-09 09:27 AM |
#48 |
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Because I've been in banking for more than two decades. |
FBaggins |
Sep-21-09 09:39 AM |
#49 |
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That's honest. Banks figured out that this way makes them more money. |
Gormy Cuss |
Sep-21-09 08:45 PM |
#97 |
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If I had $800 in my account, a check for $800 rent posting and a check for $20 to the grocery store |
high density |
Sep-21-09 07:32 AM |
#34 |
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You would. And that makes sense... but |
FBaggins |
Sep-21-09 08:46 AM |
#43 |
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So which bank do you work for? |
Raster |
Sep-21-09 09:23 AM |
#47 |
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That's simply not possible |
FBaggins |
Sep-21-09 09:45 AM |
#50 |
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Banks should post checks to an account IN THE ORDER THEY ARE RECEIVED. |
Raster |
Sep-21-09 08:11 PM |
#95 |
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You can call it whatever you like... But you don't know what you're talking about. |
FBaggins |
Sep-21-09 09:57 PM |
#103 |
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Yea!! |
intheflow |
Sep-20-09 10:22 PM |
#3 |
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Is there some reason why you are willing to let the bank make you even more poor with stupid fees? |
high density |
Sep-21-09 07:36 AM |
#35 |
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All the law is doing is making it a requirement to ASK the customer before they |
fasttense |
Sep-21-09 08:46 AM |
#42 |
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Really not possible |
FBaggins |
Sep-21-09 09:00 AM |
#44 |
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I call bullshit. |
intheflow |
Sep-21-09 10:04 AM |
#53 |
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Feel free to call it what you like... but I'm not seeing it. |
FBaggins |
Sep-21-09 10:18 AM |
#55 |
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Missing one point |
droidamus2 |
Sep-21-09 11:32 AM |
#66 |
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No... I'm sorry. |
FBaggins |
Sep-21-09 12:35 PM |
#76 |
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Not always |
droidamus2 |
Sep-21-09 11:29 AM |
#65 |
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That's certainly an option... |
FBaggins |
Sep-21-09 12:43 PM |
#77 |
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Ok... here's a proposal from a career banker. |
FBaggins |
Sep-21-09 03:32 PM |
#82 |
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How about this |
droidamus2 |
Sep-21-09 11:23 AM |
#64 |
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There is no overdraft prompt at POS. |
intheflow |
Sep-21-09 10:00 AM |
#52 |
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"...the overdrafts accrue within a matter of 2-3 hours..." |
CrispyQ |
Sep-21-09 11:46 AM |
#69 |
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No, they never promped at POS. Dodd wants to add that. |
high density |
Sep-21-09 12:06 PM |
#75 |
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Once upon a time, it did prompt at POS. |
intheflow |
Sep-21-09 03:43 PM |
#84 |
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A few corrections |
FBaggins |
Sep-21-09 04:56 PM |
#86 |
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You're right about the "true" debit cards bit. |
intheflow |
Sep-21-09 05:50 PM |
#88 |
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With respect, |
FBaggins |
Sep-21-09 07:07 PM |
#93 |
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I am certain if your policy was instituted they would return to posting the smallest items first |
laughingliberal |
Sep-21-09 09:23 PM |
#102 |
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Lol... I like the cynicism |
FBaggins |
Sep-21-09 10:04 PM |
#104 |
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Just give us the option |
SOS |
Sep-21-09 10:48 AM |
#58 |
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The option isn't free |
high density |
Sep-21-09 11:56 AM |
#72 |
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How much does it cost to decline a card? |
SOS |
Sep-21-09 06:38 PM |
#91 |
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Yep, I would decline the transaction |
laughingliberal |
Sep-21-09 09:19 PM |
#101 |
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Its a start, but until they cap credit card rates its not enough |
DJ13 |
Sep-20-09 10:32 PM |
#4 |
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Imagine how much they've made on this criminal activity . . .!!! |
defendandprotect |
Sep-20-09 10:50 PM |
#5 |
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Sorry to be the barrer of bad news but... |
jimlup |
Sep-20-09 10:55 PM |
#6 |
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What Democracy? |
Lorien |
Sep-21-09 03:27 PM |
#81 |
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Yep... |
jimlup |
Sep-21-09 08:49 PM |
#98 |
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I APPLAUD this greatly! |
mzmolly |
Sep-20-09 11:26 PM |
#8 |
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As long as we can still take loans against direct deposit. |
Skink |
Sep-21-09 12:19 AM |
#10 |
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Deleted message |
Name removed |
Sep-21-09 12:51 AM |
#12 |
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Deleted sub-thread |
Name removed |
Sep-21-09 01:16 AM |
#13 |
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How about managing your money properly |
AlbertCat |
Sep-21-09 01:34 AM |
#14 |
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Well, I DO blame banks for suddenly charging unidentified "miscellaneous fees" |
Lydia Leftcoast |
Sep-21-09 01:34 AM |
#15 |
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I have so been there |
comtec |
Sep-21-09 01:54 AM |
#16 |
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So if banks |
skepticscott |
Sep-21-09 05:15 AM |
#25 |
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don't hurt your groin with that stretch! |
comtec |
Sep-21-09 05:56 AM |
#28 |
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Lol... no. You didn't say that they had no value... |
FBaggins |
Sep-21-09 03:37 PM |
#83 |
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The service they provide |
skepticscott |
Sep-21-09 06:13 PM |
#90 |
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If they're going to suddenly charge fees, they should provide a service in return |
Lydia Leftcoast |
Sep-21-09 08:13 AM |
#38 |
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How do they possibly justify the first overdraft charge? |
CrispyQ |
Sep-21-09 11:52 AM |
#70 |
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Yeah! Increase the penalty to $200 per overdrawn item! |
Wednesdays |
Sep-21-09 07:07 AM |
#31 |
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"People used to take responsibility for themselves." |
Bill McBlueState |
Sep-21-09 10:06 AM |
#54 |
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New Law: uncollected/insufficient funds = decline at point of sale. |
SOS |
Sep-21-09 10:55 AM |
#59 |
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The real question is... |
Lithos |
Sep-21-09 02:10 AM |
#18 |
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My grandfather was a banker |
mduffy31 |
Sep-21-09 02:13 AM |
#20 |
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What about |
dotymed |
Sep-21-09 04:03 AM |
#23 |
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This should be addressed as well. --nt |
CrispyQ |
Sep-21-09 11:56 AM |
#73 |
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How about this one |
boomerbust |
Sep-21-09 04:50 AM |
#24 |
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Back in the days..... |
Turbineguy |
Sep-21-09 05:46 AM |
#26 |
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it's about time!!!!! |
indimuse |
Sep-21-09 05:54 AM |
#27 |
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Very good news. |
Jacobair |
Sep-21-09 07:03 AM |
#29 |
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Permission? |
high density |
Sep-21-09 07:20 AM |
#33 |
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What upgrade of infrastructure? |
CrispyQ |
Sep-21-09 12:03 PM |
#74 |
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The Royal Bank of Scotland, the Halifax BoS and, I think, Lloyds drastically reduced their |
Joe Chi Minh |
Sep-21-09 07:48 AM |
#36 |
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Excellent---I wonder where the repubs stand on this |
Kingofalldems |
Sep-21-09 07:50 AM |
#37 |
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perhaps the banks' fat cats could take a reduction in salary |
Rosa Luxemburg |
Sep-21-09 08:21 AM |
#39 |
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Dodd better dance faster and better than that! |
Bluenorthwest |
Sep-21-09 08:21 AM |
#40 |
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Somethng you might not know about Chase |
JamesJ |
Sep-21-09 08:41 AM |
#41 |
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Even if you have savings to cover it, they charge you. |
fjc |
Sep-21-09 09:16 AM |
#46 |
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Notice how the second-paragraph sentence tries to whip up sympathy for banks. |
quiet.american |
Sep-21-09 09:55 AM |
#51 |
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How come if you are a day late on a credit card they charge you 40 but the electric co says 2 weeks |
Skink |
Sep-21-09 10:39 AM |
#57 |
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And why is it that in Oregon, an insufficient check fund cost |
truedelphi |
Sep-21-09 01:38 PM |
#78 |
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Action on this is long past due, but don't expect much from Congress, |
change_notfinetuning |
Sep-21-09 10:57 AM |
#60 |
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"Transaction Holding" - scam on the consumer. |
LeftHander |
Sep-21-09 11:01 AM |
#61 |
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Thank you very much! Banks can and do structure how items debit from an account to generate as many |
Raster |
Sep-22-09 12:15 AM |
#107 |
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Good - they should not let you go over the limit |
mvd |
Sep-21-09 11:16 AM |
#63 |
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WTF took them so long? |
Torn_Scorned_Ignored |
Sep-21-09 11:34 AM |
#68 |
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The banks still get to keep their trillions in taxpayer dollars though, right? |
Romulox |
Sep-21-09 11:54 AM |
#71 |
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Overdraft fees - how to beat the bank... |
Q3JR4 |
Sep-21-09 01:52 PM |
#79 |
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You should post this an a OP. |
intheflow |
Sep-21-09 04:39 PM |
#85 |
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It is a very clever idea. |
FBaggins |
Sep-21-09 05:02 PM |
#87 |
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I had a serious problem with BofA. I would deposit my pay check, which is a |
Sivafae |
Sep-21-09 06:56 PM |
#92 |
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That shouldn't happen except in the rarest of cases |
FBaggins |
Sep-21-09 07:21 PM |
#94 |
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Paycheck cashing places would have charged you a flat 3% of the amount being cashed. |
truedelphi |
Sep-21-09 08:54 PM |
#100 |
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I won't get too excited until I see the bill that gets signed |
dflprincess |
Sep-21-09 10:07 PM |
#105 |
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Hard to think of a better way for a Democrat to win re-election in 2010 |
depakid |
Sep-21-09 11:06 PM |
#106 |
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Way overdue. |
Vidar |
Sep-22-09 09:02 AM |
#108 |
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