Why do banks screw you over

[SoKlueles]

apparently i didnt do my checking account right and i paid for it. I got an atm card so that they woudl tell me i had insufficient funds if i didnt have it(but i try to keep a good record of my account) they didnt, they just let dumbass me keep taking money
WHY do they let you keep taking money out of ur atm when the fuggin moneys not there???????

 

[KillahBee]

apparently i didnt do my checking account right and i paid for it. I got an atm card so that they woudl tell me i had insufficient funds if i didnt have it(but i try to keep a good record of my account) they didnt, they just let dumbass me keep taking money
WHY do they let you keep taking money out of ur atm when the fuggin moneys not there???????

GROW UP AND BLAME YOURSELF FOR BEING A RETARDED BACKWOODS DONKEY

 

[jnevin]

What do they hit you with? $20-30 per transaction over the limit? I think it's ridiculous.

 

[SoKlueles]

What do they hit you with? $20-30 per transaction over the limit? I think it's ridiculous.

36
and KB, i thought i was in the green and dont be a jerk
Im just askign why they keep letting u use your atm when theres no money in there???? They know people screw up

 

[JayC9]

Because they can...if you would like to make a complaint please fill in the yellow form, thank you have a nice day *annoying smile*

 

[SoKlueles]

holy crap u called me a backwoods donkey?
dang u suck

 

[pintoca]

It's called a Disposition credit. In their view they are being nice by allowing you to use money you don't have

ohh, and then charging the retardedl high interest for it

 

[gotmilk]

they make their money by screwing people

 

[hamstershaver]

and this folks is why we have seperate accounts

 

[thread grader]

my card tells me "insufficient funds" if i try and overdraw

haha to you... hoo-ra for me

 

[musclemom]

apparently i didnt do my checking account right and i paid for it. I got an atm card so that they woudl tell me i had insufficient funds if i didnt have it(but i try to keep a good record of my account) they didnt, they just let dumbass me keep taking money
WHY do they let you keep taking money out of ur atm when the fuggin moneys not there???????

The short answer ... a bank is a business. Considering most of them offer free accounts, free checking, free online banking, free billpay ... and I keep the majority of my funds in a high interest savings account ... the only time my bank makes any decent money off me is when I: 1) buy checks from them (which is now happening like once every five years because I almost exclusively use online billpay); 2) have my balance go under $100, which costs me $12; or 3) bounce a check or otherwise overdraft an account.

 

[SoKlueles]

my card tells me "insufficient funds" if i try and overdraw

haha to you... hoo-ra for me

thats what i thought mine would do.
I dont get it, at all
should i go to them and get them to talk to me like im a child and explain why?

 

[needtogetaas]

apparently i didnt do my checking account right and i paid for it. I got an atm card so that they woudl tell me i had insufficient funds if i didnt have it(but i try to keep a good record of my account) they didnt, they just let dumbass me keep taking money
WHY do they let you keep taking money out of ur atm when the fuggin moneys not there???????

at all banks do this.its called over draft covrige.most banks will let you take out anyware from 500 to 1000 dollers more then what you have.allso if you do do this most banks will charge you a fee of 25 doller just to help you get in the hole more.lol

 

[SoKlueles]

The short answer ... a bank is a business. Considering most of them offer free accounts, free checking, free online banking, free billpay ... and I keep the majority of my funds in a high interest savings account ... the only time my bank makes any decent money off me is when I: 1) buy checks from them (which is now happening like once every five years because I almost exclusively use online billpay); 2) have my balance go under $100, which costs me $12; or 3) bounce a check or otherwise overdraft an account.

do you know that banks get around 5% of a purchase that people make at a store and use their debit cards? Thats why big chain dept stores want you to get a target card or a walmart card, so that you can use their card instead of your own bank card so they dont have to pay that money

 

[Cutiebaby]

before you use the atm you should always check your balance...the over draft fee is not included in your balance...Now you should go to the bank and see if they can get rid of the over draft fee priveledge that is on your account.

 

[musclemom]

do you know that banks get around 5% of a purchase that people make at a store and use their debit cards? Thats why big chain dept stores want you to get a target card or a walmart card, so that you can use their card instead of your own bank card so they dont have to pay that money

Actually, no I didn't know that. But be that as it may, I'm not saying feel pity for the bank, not at all, I'm saying, they're a business, they're gonna do EVERYTHING they can to bleed every potential cent out of their customers, just like any other business.

 

[SoKlueles]

Actually, no I didn't know that. But be that as it may, I'm not saying feel pity for the bank, not at all, I'm saying, they're a business, they're gonna do EVERYTHING they can to bleed every potential cent out of their customers, just like any other business.

hell no i dont feel pity for the bank
im about to go down to the bank and ask them why they let me keep using my atm when the money wasnt in there?
i mean, jeez, ppl screw up and i guess they just wait on that huh?

 

[Delinquent]

The big thing I hate about Suntrust is how they handle incoming transactions. First Union who is now wakovia was caught doing this years ago also.

Lets say you have transaction A, B, C, and D that have been made in that order. A, B, and C are smaller transactions and D is a big one. Even though A, B, and C transactions came first therefore should have been taken out of our accuont first, they will take transaction D out first. What this causes is instead of having one NSF, we'll have 4 NSF because they didn't correctly process the transactions in the way they came in. Shady fucking business if you ask me.
WIth some problems that we have been having getting a new ATM/credit card from them, we are finally switching to another bank. I can't wait until I tell them that the reason I am taking all my money out is because of their utter lack of intelligent customer service and over shady business tactics. They won't give a shit though

 

[SoKlueles]

well im back from the bank
they didnt do anything but give me a transaction notebook and told me to take better care of my account


fuckers

 

[Cutiebaby]

lol you were pwned by your bank!!!!!

 

[SoKlueles]

lol you were pwned by your bank!!!!!

no shit

well be eating bread and water for the next cpl weeks lol

 

[GoldenDelicious]

your bank is a business. they sell a product. that product is your account and the way your account is run. your account is set up to allow the overdraw. simply change accounts to another product that does not include the overdraw facility.

next time read the fine print. if you do, youll find that the answer to your question "why do they let you take out money that isnt there" is simply because...thats what you asked for when you opened that account.

 

[SoKlueles]

well, i have to admit she asked me when i was sitting there if i read my monthly statement, i told her yes
really i dont and she said there was some sort of thingy on there that allows overdrafts, it means, that i have to pay the 36 bucks to them but they pay for the transaction, instead of sending it back to the other place, who would charge at least 25 more bucks
PLUS id still have to pay the 36 bucks
im just gonna pay closer attention to my checking acct
i took bookkeeping in school and hated it,

 

[MattTheSkywalker]

The short answer ... a bank is a business. Considering most of them offer free accounts, free checking, free online banking, free billpay ... and I keep the majority of my funds in a high interest savings account ... the only time my bank makes any decent money off me is when I: 1) buy checks from them (which is now happening like once every five years because I almost exclusively use online billpay); 2) have my balance go under $100, which costs me $12; or 3) bounce a check or otherwise overdraft an account.

wrong.

your money is loaned or invested to others at a higher rate than they pay you.

I like diet cokes.

 

[MattTheSkywalker]

your bank is a business. they sell a product. that product is your account and the way your account is run. your account is set up to allow the overdraw. simply change accounts to another product that does not include the overdraw facility.

next time read the fine print. if you do, youll find that the answer to your question "why do they let you take out money that isnt there" is simply because...thats what you asked for when you opened that account.

stick to dispensing pills, your understanding of banking is simplisitic and borderline retarded.

 

[javaguru]

wrong.

your money is loaned or invested to others at a higher rate than they pay you.

I like diet cokes.

Beat me to it. Banks exist as financial intermediaries. They give you an interest rate on your savings account and loan the money at a higher rate making a profit on the difference. The whole point being you could loan your money out yourself but it's more convient to have an intermediary do it for you. Back when I took banking law, the professor commented that banks traditionally made 10% of their revenue from fees but it had increased to a third of their revenue(ATM Fees, increased overdraft charges etc.)

 

[SoKlueles]

i should bury my money in my back yard

 

[jafo]

thats what i thought mine would do.
I dont get it, at all
should i go to them and get them to talk to me like im a child and explain why?

lol



the bank is charging you for overdraft protection= you can spend the money and they can collect the fees

but you dont get hit 2 times for the NSF

 

[SoKlueles]

lol



the bank is charging you for overdraft protection= you can spend the money and they can collect the fees

but you dont get hit 2 times for the NSF

you get hit once for each one tho
and i think i got like 6
wtf?

 

[jafo]

you get hit once for each one tho
and i think i got like 6
wtf?

but you saved the embarrassment of having to go to a store and buy your check back from them


only the bank is laughing at you

 

[SoKlueles]

but you saved the embarrassment of having to go to a store and buy your check back from them


only the bank is laughing at you

oh yes you are right
i tried getting them to do the thing where if im overdrawn i can NOt withdraw money from my checking account but she told me that if she did that, then if i did bounce a check or atm, they wouldnt pay it and id still pay the 36 bucks and possibly the 25 or 30 bucks for the returned check
i dont think ive ever screwed up this bad with money

 

[jafo]

every body does it at one point or another



I wrote 10,000 worth of bad checks once ..... I made a very large deposit (closed a mutual account out) and I didnt know the bank was holding the funds for 2 weeks till it cleared the issuers bank and BAM all the checks bounced it sucked

 

[SoKlueles]

every body does it at one point or another



I wrote 10,000 worth of bad checks once ..... I made a very large deposit (closed a mutual account out) and I didnt know the bank was holding the funds for 2 weeks till it cleared the issuers bank and BAM all the checks bounced it sucked

holy shit
that would suck
and you know, when it happens, its hard getting back on track from it either

 

[gotmilk]

i should bury my money in my back yard

what money? If you had any you would not have overdrawn

 

[SoKlueles]

what money? If you had any you would not have overdrawn

lol stfu