Godlike Productions - Discussion Forum
Users Online Now: 2,134 (Who's On?)Visitors Today: 222,593
Pageviews Today: 434,665Threads Today: 195Posts Today: 3,240
08:32 AM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

Local banksters sticking it to their customers

 
Missouri Bushwhacker
Offer Upgrade

User ID: 608620
United States
03/10/2009 08:14 PM
Report Abusive Post
Report Copyright Violation
Local banksters sticking it to their customers
During the past two years United Missouri Bank and Commerce Bank have been radically changing the way they process deposits, credits, and payments.

First it was UMB and the policy of pay the largest check first, regardless of what time of day it came in. For example, you have 5 checks or debits that have posted and you're overdrawn by .12, this initiates an overdraft fee. The bank then pays the largest amount first and bounces the rest, due to overdraft fees. At $35 a whack you just lost $140+/-, and must pay up before the payments hit the account again.

UMB's reason for the policy change is that to many people were complaining that their mortgages weren't getting paid. So now your mortgage gets paid but your lights, water, gas, and trash service all get shut off.

Second is Commerce Bank and their policy of counting pending payments that haven't posted yet to your account. In other words, forget running to the bank and making a deposit to cover your account. Not as complicated but just as effective.

What's next? The only thing missing at this point is if you write a check and date it today and run to the bank to cover it tomorrow, only to be charge an overdraft fee based on the date of the check, not when it posted.




wall
Government is not reason; it is not eloquence; it is force! Like fire, it is a dangerous servant and a fearful master. George Washington

Dictatorship naturally arises out of democracy, and the most aggravated form of tyranny and slavery out of the most extreme liberty. Plato
Missouri Bushwhacker  (OP)

User ID: 608620
United States
03/16/2009 12:01 PM
Report Abusive Post
Report Copyright Violation
Re: Local banksters sticking it to their customers
Anyone else with stories about local banks changing policies to better their bottom line while the little guy suffers?
Government is not reason; it is not eloquence; it is force! Like fire, it is a dangerous servant and a fearful master. George Washington

Dictatorship naturally arises out of democracy, and the most aggravated form of tyranny and slavery out of the most extreme liberty. Plato
Al Capone
User ID: 634870
United States
03/16/2009 12:22 PM
Report Abusive Post
Report Copyright Violation
Re: Local banksters sticking it to their customers
How is the bank responsible for your errors? How about not bouncing checks?

violin
Missouri Bushwhacker  (OP)

User ID: 608620
United States
03/16/2009 12:56 PM
Report Abusive Post
Report Copyright Violation
Re: Local banksters sticking it to their customers
How is the bank responsible for your errors? How about not bouncing checks?

violin
 Quoting: Al Capone 634870


That's exactly the point. The bank is the one creating these errors. Most of the checks wouldn't bounce if the banks left their policies alone. Seems like deliberate manipulation to suck a few more dollars out of their customers.

Now take that violin and shove it up your ass.
Government is not reason; it is not eloquence; it is force! Like fire, it is a dangerous servant and a fearful master. George Washington

Dictatorship naturally arises out of democracy, and the most aggravated form of tyranny and slavery out of the most extreme liberty. Plato
Anonymous Coward
User ID: 93091
Spain
03/16/2009 01:01 PM
Report Abusive Post
Report Copyright Violation
Re: Local banksters sticking it to their customers
Same thing was happening in Britain and now there's some sort of consumer action case about it. If the people win they'll get back a lot of the unfair charges.

Fair enough if you go overdrawn by a lot but some cases we're talking about 10 pence and then a charge of £35 plus interest on the overdrawn amount which isn't 10p, it's £35.10.
Anonymous Coward
User ID: 576572
United States
03/16/2009 01:04 PM
Report Abusive Post
Report Copyright Violation
Re: Local banksters sticking it to their customers
How is the bank responsible for your errors? How about not bouncing checks?

violin
 Quoting: Al Capone 634870


I wouldn't have a problem in the world paying an overdraft fee, even for multiple items... IF it were a reasonable charge. Let's say, $10 or $15.

But the idea that you overdraw your account by a dollar and pay $140 in fees should just be illegal.

By your logic, where we should be personally responsible and NEVER make a mistake, then it's okay if the bank just charges $100 per overdraft. After all, it's your fault for not managing your finances.

Keep defending the banks, dumbass.
Anonymous Coward
User ID: 93091
Spain
03/16/2009 01:05 PM
Report Abusive Post
Report Copyright Violation
Re: Local banksters sticking it to their customers
I forgot to mention my own case:-

£5000 overdraft gradually being paid off from my monthly salary each month. When I lost the regular salary and became self-employed I sometimes paid my money in a day or two after the bank calculated it's fees and those fees are what pushed my account over the overdraft.

To cut a long story short this overdraft was looking like never being paid so I asked to change it to a loan - wouldn't do it cause my account had exceeded the overdraft too many times.

All in all I repaid the £5000 overdraft 3 times and still owed the same as I started with so I stopped paying. They kept adding charges and now I owe about £6500 and told them to take me to court. I tried everything to resolve this - a loan, begging them to stop the interest or excessive charges for 6 months, everything I could, but they just said no.

Remember I've already paid them back £15,000 for the the original £5000 and now they want another £6500.
The Psychedelic Magi

User ID: 611217
United States
03/16/2009 01:17 PM
Report Abusive Post
Report Copyright Violation
Re: Local banksters sticking it to their customers
How is the bank responsible for your errors? How about not bouncing checks?

violin
 Quoting: Al Capone 634870


one time i recall, for instance...

I used my debit card (back when i trusted the banks, so naively) to purchase a pack of cigarettes... Earlier, i had been at the bank for a meeting with one of the officials there - i was told by them that my account had a balance that could cover such purchase. My electronic report also claimed the same thing.

Both said i had 35 dollars and some odd cents.


I purchased one pack of cigarettes at $4.57. 35-4.57 = 31.43.

Apparently, the bank had messed up tho. I had only $4.24 in the account.

Therefore, i had a 33 cent overdraft... For which, i had to pay them 40 fucking dollars for THEIR mistake!


Fuck the banks. They only try to screw you
I WILL NOT let consequences dictate my course of action!

A.K.A - Aresh, Awakened Me, An Ominous Coward (Howard), The Goddess Pandora, Aumon Haht Fith Ashai, Within The Flower and a few others...
------------------------------------

In all things, i am flowing back thru and in and out, within and without and beyond them.

This is the Cosm. This is both I and You.

I am the Truth, and I am the Lie - I am the very spark of the Divine!


------------------
as soon as you even go near these things your ego knows what it is.. its all like "what ya gonna do with that?" "Hope you not gonna take it" "cause i will throw myself down on the floor and scratch, claw and bite and tantrum" - Kyuubi


"the gift of love makes much more sense than frankincense gold and myrhh" - Only Me
bed
I will find you in the belabor

User ID: 628959
United States
03/16/2009 01:19 PM

Report Abusive Post
Report Copyright Violation
Re: Local banksters sticking it to their customers
I forgot to mention my own case:-

£5000 overdraft gradually being paid off from my monthly salary each month. When I lost the regular salary and became self-employed I sometimes paid my money in a day or two after the bank calculated it's fees and those fees are what pushed my account over the overdraft.

To cut a long story short this overdraft was looking like never being paid so I asked to change it to a loan - wouldn't do it cause my account had exceeded the overdraft too many times.

All in all I repaid the £5000 overdraft 3 times and still owed the same as I started with so I stopped paying. They kept adding charges and now I owe about £6500 and told them to take me to court. I tried everything to resolve this - a loan, begging them to stop the interest or excessive charges for 6 months, everything I could, but they just said no.

Remember I've already paid them back £15,000 for the the original £5000 and now they want another £6500.
 Quoting: Anonymous Coward 93091


Sounds like a student loan in the states.
Coinbase slippage is weak ass scalping.
Anonymous Coward
User ID: 615845
United States
03/16/2009 01:21 PM
Report Abusive Post
Report Copyright Violation
Re: Local banksters sticking it to their customers
the company I work for uses a bank that charges it's employees 5.00 to cash payroll checks. Banks suck!!!
Missouri Bushwhacker  (OP)

User ID: 608620
United States
03/16/2009 01:33 PM
Report Abusive Post
Report Copyright Violation
Re: Local banksters sticking it to their customers
Bank fees used to be reasonable and it was never an issue until recently. Diligently watching my account on the banks website has led me to these discoveries. I didn't receive a memo from them stating the changes.

Gradually they will make it impossible to complete a transaction without being charged an enormous fee.
Government is not reason; it is not eloquence; it is force! Like fire, it is a dangerous servant and a fearful master. George Washington

Dictatorship naturally arises out of democracy, and the most aggravated form of tyranny and slavery out of the most extreme liberty. Plato
ESP
User ID: 629561
United States
03/16/2009 01:53 PM
Report Abusive Post
Report Copyright Violation
Re: Local banksters sticking it to their customers
- Credit Unions did not need to be bailed out. They are friendly and dont screw their customers like what is going on in the banks these days.
Anonymous Coward
User ID: 602378
United States
03/16/2009 02:05 PM
Report Abusive Post
Report Copyright Violation
Re: Local banksters sticking it to their customers
Banks are thieves.

FirstCitizensBankSucks.com
Anonymous Coward
User ID: 602378
United States
03/16/2009 02:07 PM
Report Abusive Post
Report Copyright Violation
Re: Local banksters sticking it to their customers
[link to www.FirstCitizensBankSucks.com]
mopar28m

User ID: 636257
United States
03/16/2009 03:04 PM
Report Abusive Post
Report Copyright Violation
Re: Local banksters sticking it to their customers
Banks have been doing that for years.

Nothing new.

Credit unions pay as they come thru.
vaccinefreehealth.blogspot.com

The risk far outweighs any benefit as the risk will vary from child to child.
Missouri Bushwhacker  (OP)

User ID: 608620
United States
03/16/2009 03:15 PM
Report Abusive Post
Report Copyright Violation
Re: Local banksters sticking it to their customers
Banks have been doing that for years.

Nothing new.

Credit unions pay as they come thru.
 Quoting: mopar28m


Only during the past two years or so where I bank have the policies changed for the worst. At least they hadn't caught my attention before.
Government is not reason; it is not eloquence; it is force! Like fire, it is a dangerous servant and a fearful master. George Washington

Dictatorship naturally arises out of democracy, and the most aggravated form of tyranny and slavery out of the most extreme liberty. Plato
Anonymous Coward
User ID: 793618
United States
10/16/2009 12:04 PM
Report Abusive Post
Report Copyright Violation
Re: Local banksters sticking it to their customers
Screw the banks





GLP