Comments on: Continuous overdraft fee http://www.bluntmoney.com/continuous-overdraft-fee/ Wed, 07 Jan 2009 01:07:38 +0000 http://wordpress.org/?v=2.3.2 By: Tim OConnor http://www.bluntmoney.com/continuous-overdraft-fee/#comment-45444 Tim OConnor Fri, 28 Nov 2008 22:34:44 +0000 http://www.bluntmoney.com/continuous-overdraft-fee/#comment-45444 I am not on any government plan. I just haven't gotten a check in a long time because I haven't had a job in about a month. Come to find out that the fee for overdrafting is $35.00 an overdraft, fine. To bring it positive, I had 4 days. After 4 days, I was, and will continue to be charged $8.00 a day. They offered to waive the fees if I paid $100.00. Due to no job, and due to no extra $100.00 sitting around, I will have to wait until they close my account, hopefully on Monday. I offered to them the fact that I will never pay a single dime off for any continuous overdraft fee. They told me they would send me to collections. Really? How are these fees legal? What does this fee do to enhance the service I receive at the bank? It is financial terror being waged against the poor by a bank that will undoubtedly get millions in bailout money. Pay your taxes - support legalized bank fraud? I suggest no one banks at US Bank. Take your money elsewhere and let all the executives at US Bank get in line at the unemployment office like the rest of us. I am not on any government plan. I just haven’t gotten a check in a long time because I haven’t had a job in about a month. Come to find out that the fee for overdrafting is $35.00 an overdraft, fine. To bring it positive, I had 4 days. After 4 days, I was, and will continue to be charged $8.00 a day. They offered to waive the fees if I paid $100.00. Due to no job, and due to no extra $100.00 sitting around, I will have to wait until they close my account, hopefully on Monday. I offered to them the fact that I will never pay a single dime off for any continuous overdraft fee. They told me they would send me to collections. Really? How are these fees legal? What does this fee do to enhance the service I receive at the bank? It is financial terror being waged against the poor by a bank that will undoubtedly get millions in bailout money. Pay your taxes - support legalized bank fraud?

I suggest no one banks at US Bank. Take your money elsewhere and let all the executives at US Bank get in line at the unemployment office like the rest of us.

]]> By: Jacquie Howard http://www.bluntmoney.com/continuous-overdraft-fee/#comment-24608 Jacquie Howard Sun, 16 Dec 2007 01:46:49 +0000 http://www.bluntmoney.com/continuous-overdraft-fee/#comment-24608 WEll,I'll just have to stop using the bank. I like having a debit card,but not that much. Far as I can tell,these fees are legal,but it seems to me that they are aimed at those of us on monthly incomes. WEll,I’ll just have to stop using the bank. I like having a debit card,but not that much. Far as I can tell,these fees are legal,but it seems to me that they are aimed at those of us on monthly incomes.

]]> By: rachelle http://www.bluntmoney.com/continuous-overdraft-fee/#comment-22467 rachelle Sat, 17 Nov 2007 01:54:32 +0000 http://www.bluntmoney.com/continuous-overdraft-fee/#comment-22467 Thanks for this warning. And for Jacquie, so sorry you are experiencing this. I, too am receiving my retirement $$$ early via federal disability payments. So I understand how stressful this would be when income is limited. This cannot be contributing to you caring for your health. Do you know any of the managers at your bank? Maybe they would consider waiving these fees (which I am surprised are legal.), in light of the fact that you are on disability. I had never heard of this as I've had a couple of overdrafts over the years and was charged $29 flat. So is it allowed by a law that only some states have? Anyway, pray there are no more but just in case hope my banks do not get wind of this multiple fee option. Bizarre, too, since the banks make use of our money and generate more from it than most of us ever will. Best of luck getting this straightened out. Thanks for this warning. And for Jacquie, so sorry you are experiencing this. I, too am receiving my retirement $$$ early via federal disability payments. So I understand how stressful this would be when income is limited. This cannot be contributing to you caring for your health. Do you know any of the managers at your bank? Maybe they would consider waiving these fees (which I am surprised are legal.), in light of the fact that you are on disability. I had never heard of this as I’ve had a couple of overdrafts over the years and was charged $29 flat. So is it allowed by a law that only some states have? Anyway, pray there are no more but just in case hope my banks do not get wind of this multiple fee option. Bizarre, too, since the banks make use of our money and generate more from it than most of us ever will. Best of luck getting this straightened out.

]]> By: Jacquie Howard http://www.bluntmoney.com/continuous-overdraft-fee/#comment-20521 Jacquie Howard Wed, 31 Oct 2007 09:16:15 +0000 http://www.bluntmoney.com/continuous-overdraft-fee/#comment-20521 I've just been "hit" with continuous overdraft fees from my bank,without notice. They are charging me $3.00/day for every day over 8 that I am overdrawn. The thing is,I'm on SSDI,and only get paid once each month,so,of I'm overdrawn,it's the next month before I can clear it up. This month I will have to pay $55 in overdraft fees on top of the $32 it costs when you do overdraft. So,now I have to figure out how I'm going to eat and buy me blood pressure medicine after being hit with this fee. I can't work extra hours to make a deposit. The bank claims they sent out letters,but 3 people in my family have accounts at this bank,and none of us got letters. Tell me how this is fair to those of us on a monthly income? Our checks are already not enough to live on,now we have to worry about that too. I’ve just been “hit” with continuous overdraft fees from my bank,without notice. They are charging me $3.00/day for every day over 8 that I am overdrawn. The thing is,I’m on SSDI,and only get paid once each month,so,of I’m overdrawn,it’s the next month before I can clear it up. This month I will have to pay $55 in overdraft fees on top of the $32 it costs when you do overdraft. So,now I have to figure out how I’m going to eat and buy me blood pressure medicine after being hit with this fee. I can’t work extra hours to make a deposit. The bank claims they sent out letters,but 3 people in my family have accounts at this bank,and none of us got letters.
Tell me how this is fair to those of us on a monthly income? Our checks are already not enough to live on,now we have to worry about that too.

]]> By: dimes http://www.bluntmoney.com/continuous-overdraft-fee/#comment-442 dimes Sat, 04 Nov 2006 18:35:56 +0000 http://www.bluntmoney.com/continuous-overdraft-fee/#comment-442 Yes, I've seen that. Never had it happen to me though. Yes, I’ve seen that. Never had it happen to me though.

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