I want my overdraft fees back!

[redtourmaline]

What is the name of your state? GA

Tell me if I'm crazy but is this unconstitutional or what? Today to get anything you must have a debt or credit card, I don't mean just need, I mean you MUST have one. Most people that have credit problems, and that is alot of people, use the debit card. So we are forced to get a checking account to obtain one. The bank in turn takes our money, invests it and makes money off of us. Then they charge us with all kinds of fees to do anything and everything at their "business". The fact that they are using our money to make their money you would think they would give it to us for free but NO! Then you put your money in the bank but can't use it till they say you can. If I make a deposit after 2pm then I don't get to see my CASH till the next business day. If I want to go out and use my debit card anytime that night then I'm just out of luck. If I do decide to use that card then I will find that every transaction that was made will have an NSF charge. Funny how all of your withdrawls, checks and debit card transactions are made in "REAL TIME" by this I mean IMMEDIATELY! but NO your deposit can't be. Why is that? They can automate their system where it connects with all of the stores, theaters, resturants etc.... but the can't automate their system to put in your money in your account as soon as you put it there?

I WANT ALL MY OVERDRAFT AND NSF CHARGES BACK!! and for them to change this policy.

Now I am thinking it is about time to get good and mad about this and sue a banking institution for this. If you would have told me years ago, that someone could sue a tobacco company for getting cancer when you smoke 2 packs a day, I would have told you, you were crazy, but not so today. I think this is wrong and have thought so every since the day I went to buy a car and couldn't get one because I had no checking account, debit/credit card or credit on my cbr. To get the car I had to go get a checking account, a card and establish credit. I was FORCED to do this unless I just had the cash. I am looking for advice, a lawyer who wants to take this on and people who agree with me and want to join in with me. Thank you

[thepenster060]

ummm....ok then. It is your responsibility to know what your balance is. So, do you have a legal question here?

[panzertanker]

Originally Posted by redtourmaline

I am looking for advice

1. Deposit your money before 2pm
2. Get direct deposit from work
3. Don't use your ATM/Debit card until you have checked the balance
4. Get a better paying job (then you won't have to worry about not having enough money)
5. Ask a legal question

[bdancer]

I don't think the bank can make much off the money in a bank account that has such a small balance that using the debit card causes NSF. Sound more like it cost the bank more in administration costs than they get from "using the money". The bank has to charge those fees to break even so that folks who don't bounce checks can have free checking.

[Zigner]

Originally Posted by redtourmaline

I went to buy a car and couldn't get one because I had no checking account, debit/credit card or credit on my cbr. To get the car I had to go get a checking account, a card and establish credit. I was FORCED to do this unless I just had the cash.

I read your post and I've seen that other people have already replied to portions of it. I wanted to take a stab at this part though.
I have an idea to help - now, I know this will be a radical thought so hold on to your hat...
If you don't want to be "forced" to use the "credit system", then SAVE UP until you can afford something!!!

[45Frank]

well I think there some valid points.
I went go to a bank and deposited 1000.00 plus in Cash into my business payroll account, give the bank a check from my payroll account into personal, Pay 900.00 motrgage payment at the same bank from the personel checking account to the mortgage dept.. Comes out instantly when the check is swiped and numbers are punched into the computor. Why is it they will instantly take the money from my checking account yet my cash deposit has to clear.
Yes they tried to hit me with an overdraft, until I threatened to move all my accounts they could have cared less.

Same bank I closed on a house and deposited nearly $100,000.00 with a certified check from their lawyers account at the same bank as mine. Well I was allowed to take a thousand here and there but three weeks later when I tried to remove the people from my house for nonpayment the check still didn't clear. It took 28 days for funds to become available. Bank of New York.

You must admit the banks do use and screw us whenever they can get away with it.
I never used this bank again and did close all my accounts, this and one other bank I will not even accept checks from. The one who treats their customers as common criminals, you must provide a mug shot any cc to cash a check.

[mb94]

Originally Posted by redtourmaline

I think this is wrong and have thought so every since the day I went to buy a car and couldn't get one because I had no checking account, debit/credit card or credit on my cbr. To get the car I had to go get a checking account, a card and establish credit. I was FORCED to do this unless I just had the cash.

Are you saying that the car dealership wanted some type of proof that you could keep up with the monthly payments before they'd loan you the money to get a car? How dare they! Why they should just let everyone drive any car they want regardless of their income or history of making payments on time. It's almost like they're in it for the money. Like it is some type of business to them.

[Carrie&Brian]

Originally Posted by redtourmaline

What is the name of your state? GA

Today to get anything you must have a debt or credit card, I don't mean just need, I mean you MUST have one.

No, you don't need one. My parents and grandparents got along fine w/o credit cards, paying cash or writing checks. But people like the conveniences that pastic offers. Its a CHOICE. At the present time I do not have a credit card and use a debit card for emergencies only.

Most people that have credit problems, and that is alot of people, use the debit card.


I use a debit card because I disagree with the current "debt culture" and would rather pay for what I buy than charge it. Not everyone who uses a debit card has credit problems. Cash is a very liberating thing

So we are forced to get a checking account to obtain one. The bank in turn takes our money, invests it and makes money off of us. Then they charge us with all kinds of fees to do anything and everything at their "business". The fact that they are using our money to make their money you would think they would give it to us for free but NO!

There are checking accounts that pay interest on them.

Then you put your money in the bank but can't use it till they say you can. If I make a deposit after 2pm then I don't get to see my CASH till the next business day. If I want to go out and use my debit card anytime that night then I'm just out of luck. If I do decide to use that card then I will find that every transaction that was made will have an NSF charge. Funny how all of your withdrawls, checks and debit card transactions are made in "REAL TIME" by this I mean IMMEDIATELY! but NO your deposit can't be. Why is that? They can automate their system where it connects with all of the stores, theaters, resturants etc.... but the can't automate their system to put in your money in your account as soon as you put it there?

Maybe you might want to consider changing banks. My bank usually takes a day or so to post debit card purchases but posts deposits quickly. I think you're having a bank/bank branch problem.


I think this is wrong and have thought so every since the day I went to buy a car and couldn't get one because I had no checking account, debit/credit card or credit on my cbr. To get the car I had to go get a checking account, a card and establish credit. I was FORCED to do this unless I just had the cash. I am looking for advice, a lawyer who wants to take this on and people who agree with me and want to join in with me. Thank you

I recently bought a used car CASH. I saved up some money and bought something used, that would get me from point A to point B, something that I could AFFORD. Its not flashy but it runs. I didn't need a checking account, credit card, or a loan. I bought it through a private party sale in the yellow pages.

I'm sorry you're unhappy with your financial matters, but personal choice plays in to things. Try writing checks for purchases you can't pay cash for, and pay cash for everything else. You are correct- a lot of businesses are out to take advantage of people who can't manage their money very well (i.e. paycheck advance, rent to own, etc).