News that really Suck! Banks' Overdraft scams.
Overdraft Overload Has Consumers Fuming - an ABC News report is all about how Banks stealing our money.
Tricks they pull are plainly dirty!
Did you order overdraft protection for your account? Your bank will order it for you!
Banks would simply change the sequence of transactions and hit your account with unsufficiet funds charges, many times over while you should've got charged once.
I would call it a "rubbery on a broad daylight".
Total messages: 3
banks
posted by: zookr on Sunday, November 15, 2009 at 10:15 AM
Yes, daylight robbery on a broad scale - credit card companies have jumped on the bandwagon by jacking their int. rates. Next Feb. will be quite something when these new laws go into effect for them (& us).Watch-out for PayPal
posted by: Watcher on Saturday, July 11, 2009 at 11:11 AM
PayPal making changes to their account view pages. My guess is they want a portion of the same pie and working hard to make transactions and balances look untraceable.PayPal suck in merchant support and would not be surprised if they would implement NSF charges/"protection" soon!
Unfair
posted by: Sam on Thursday, July 9, 2009 at 7:03 PM
I've lost my job and barely making it.I had a rent check for $600 to clear and roughly $720 on the account.
Did shopping in two stores and stopped for some gas. My wife got something in a dollar store going over the limit (about $15).
Check was supposed to clear 3 days after the shopping was done, but bank later showed that $600 check cleared first and then gas and dollar store had NSF. Resulted in $70 NSF charge ($35 + $35 for two transactions) while this $600 check should not've cleared and only one NSF of $35 must have been charged!
Sucks
