2006-07-04 08:12:55 · 11 answers · asked by monkeymom 5 in Society & Culture ➔ Other - Society & Culture
It's a JOKE!!
2006-07-04 08:25:27 · update #1
It is ironic, if I have no money in the account. They charge me $35.00 to tell someone that I have no money in the account. By the same token, Their bank charges them $35.00 to tell the person who deposited the check that my bank told them, I have no money in the bank. To make it further rediculous.. The banks never exchanged the check. MY bank never saw the check.
2006-07-04 08:21:34 · answer #1 · answered by Anonymous · 0⤊ 1⤋
Because they think you'll either wake up and budget your finaces better when they charge you huge fees OR you'll continue to go in the negative and get charged fees and they make money on you!
Either way the huge fees are wrong. All it does is make your money matters worse. I was getting charged fees every week. My girlfriend got me to realize how much money I was throwing away and I just ended my direct deposit and I am gonna close the account and for the time being not use a bank. After I get caught up and ahead and budget my money properly I will open a new account and never go below zero again.
Hope this helps!
2006-07-04 15:26:13 · answer #2 · answered by Captain Don 2 · 0⤊ 0⤋
to teach you a lesson not to write more checks that cause the insufficiency. Some banks BofA for sure charge $30 per overage, add that up along with your insufficient funds way too much for me. Just do without till you have money and it won't happen.
2006-07-04 15:19:27 · answer #3 · answered by Scarlett 3 · 0⤊ 0⤋
To Make Sure That You Won't Do It Again. Sometimes, if you have a pretty Good Record, at the Bank, when you are Short of a Few Dollars, they will Pay it for you. It takes time, to build their trust.
2006-07-04 15:29:06 · answer #4 · answered by ~Terr~ 3 · 0⤊ 0⤋
Well, their reasoning is that it costs to process those bad checks and they are passing that cost on to the customer because they are the ones writing the bad checks. I personally think they do it to get your account further in the hole so they can keep assessing more fees!
2006-07-04 15:15:47 · answer #5 · answered by boredgal 4 · 0⤊ 0⤋
It costs money to process the bad checks, it is a way of getting you to not make that mistake again, and because they can make some money off your mistake.
2006-07-04 15:17:23 · answer #6 · answered by Eric 1 · 0⤊ 0⤋
To make the fact that you are broke sting all the worse. And maybe try to get you too balance your budget a little better.
2006-07-04 15:17:41 · answer #7 · answered by Anonymous · 0⤊ 0⤋
So they can get rich off the poor.
2006-07-04 15:19:29 · answer #8 · answered by auntkarendjjb 6 · 0⤊ 0⤋
it is also similar to a traffic ticket,, you get enough and maybe you will stop passing BAD checks!!
2006-07-04 15:19:13 · answer #9 · answered by fuzzykjun 7 · 0⤊ 0⤋
just like the goverment
2006-07-04 15:16:07 · answer #10 · answered by fartman 6 · 0⤊ 0⤋