I got 4 overdraft charges @ $35 each. Thats $140 down the drain. Yes I made a mistake, but after my account went negative I deposited the money the next day. Now my account is back to a normal balance. But what does US bank do they charge me $140 anyways. These banks make milions and billions in profit a year. Do they care about us (the little man)? nope they want every last penny out of the poor man they can get, because it makes them richer. I argued and argued. they wouldn't refund not one penny. Now what do I have to do. I have to borrow more money from them. I had to take what they call a checking account advance. So now instead of just $140 they are making 120% APR on the money I borrowed. These people are scam artist. please leave any input....... Stay away from US BANK....
2006-10-21 05:44:00 · 10 answers · asked by The Man 2 in Arts & Humanities ➔ Philosophy
Yeah, banks are ******* con-artists alright-that's why I avoid them like they were the plague. But for you to have gotten 4 overdraft charges you probably had to have been at least a week or two overdrawn on your account. they usually give you one initial charge, and another charge every 2-3 days. Try finding a credit union in your area, if you maintain a steady balance and only make one mistake, you can usually talk them into at least reducing the charges against, if not remove them altogether. The biggest problem with economics is that everyone has all this debt, but it's in fake money. I call it fake money because someone made up a number and decided to charge you that amount without basis-like if you bounce a check it really costs the bank $35 worth of work to just pay the extra money? Bullshit. Just like it's ridiculous that if you bounce a check somewhere they want to charge you $25 for the check that came back-because you know damn well that if you wrote a check for $15 that it didn't cost that business $25 to attempt to cash that check, and then have it sent back to them free of charge. They should just make you pay what you owe.
2006-10-21 05:57:33 · answer #1 · answered by rhambass 4 · 1⤊ 0⤋
No, that's right. They absolutely do not care.
They are private businesses and they are only interested in making money for themselves. So they give preferential interest rates to the rich, who give them money to invest, and they take money from the poor, who don't have the economic power to do much about it.
However, I do believe the banks are breaking the law in that they are in collusion over these charges. Collusion is when businesses get together and agree on fees to charge to prevent competition from balancing the market; It is illegal.
So there's not much you can do about the charges you have paid for the moment, but I suggest you write to your congressman and bring up the issue of collusion in the banking business and let him know just how much you care about the issue. The problem is it has not yet become a political force. There are a lot more of us paying bank fees than receiving from the banks. It has just not made it to the political radar yet.
2006-10-21 05:58:17 · answer #2 · answered by Anonymous · 1⤊ 1⤋
The banks aren't out to scam you any more than the Gap is. It's a business, they need to make money to pay their employees and stay a business. It's customer's like you that keep them in business. Want to get them back? Get a FREE checking accoung, don't bounce checks, and keep you savings money in an account with another bank with a high yield, like ING. Don't let them have or use any of your money. Use them!!
2006-10-21 07:41:46 · answer #3 · answered by Jilli Bean 5 · 1⤊ 1⤋
Talk to your banker about getting overdraft protection. If you keep a savings account with your bank you can have them transfer money from your savings to your checking if you make a mistake.
2006-10-21 05:53:50 · answer #4 · answered by Melius 7 · 1⤊ 0⤋
Transfer your account to a Bank that has no overdraft fee. There are plenty of banks like that. No one forced you to open an account with that one particular bank.
2006-10-21 06:15:22 · answer #5 · answered by hq3 6 · 1⤊ 0⤋
everything is a scam and the US dosnt care about the poor at all!!
the Gov only care about the Gov
if we want allot of stuff to change we have to take a stand
2006-10-21 06:04:06 · answer #6 · answered by Missbribri 5 · 1⤊ 0⤋
Because banks are greedy, bloodsucking, smiling corporations. Switch to a reputable credit union (avoid "Fred's Credit Union").
2006-10-21 05:53:14 · answer #7 · answered by Lost Panda 5 · 2⤊ 1⤋
I know what you mean, I didn't have your problems but I didn't stay there long
2006-10-21 05:54:20 · answer #8 · answered by nbr660 6 · 2⤊ 0⤋
remember they are a business and not your friend, let the buyer(user) be-where
2006-10-21 05:52:15 · answer #9 · answered by michael m 6 · 1⤊ 0⤋
it's all about money, money, money.
2006-10-21 06:06:17 · answer #10 · answered by jesse 2 · 2⤊ 0⤋