Does anyone actually like their bank?

Question

I hate my bank. I don't go overdrawn often, only occasionally, always accidentally. I was running a little tight last week, and I forgot about a payment I had made but it had no posted. I didn't write it down and I ended up going over. Everything I had purchased previously had already gone through with no problems, I viewed the evidence of this online. My bill pay went through last and put the account over the limit. The next day I realized what had happened and I deposited some $300 to cover the over the limit and to pay some bills. I came straight home and logged onto my acount. As soon as I had deposited the money the account showed that the order of payments had been changed so that of the last four payments the bill pay was first and the next four, which I had seen process before the bill pay had been listed last so that now all of them had put my account over. I went from one legitimate overdraft fee to four, 3 of them illegitimate in like five minutes.
Do all banks pull this?

I mean this is theft. The part that really gets me is that they didn't try to get away with adding on these other charges until after I had deposited enough money to cover it.

Anyway the point is. I hate my bank. The whole thing strikes me as unethical and lacks integrity. A bank should be high in quantities of both. So far they have refused to help me with this situation so they lack customer service as well.

Does anyone have a decent bank? Is there such a thing? Do they all steal from their customers? I suppose I can't say the name, but this is a nationwide bank, with an implication about being of America.

For the record, when I said I don't go overdrawn often, I mean that in 12 years of having a checking account I have made an error maybe five or six times over all of those years. For those that are implying that I am in some way an irresponsible person, I would like to state, for the record: I work two jobs and generally only get a day off every couple weeks. I recently left an emotionally abusive man and it cost me a lot of money to do so. I tapped out most of my resources to get away from him which is why things were tight. On top of that, at the time I made this particular error in judgement, I was emotionally distressed due to the fact my new roommate let my Indoor Only cat out, that I've had for six years, and he has been missing for the last week.
So while it is not my habit to run my finances dangerously low, it happened.
So be it.
So please keep your patronization to yourselves, I don't need it and I refuse acceptance of it.

Answer 1

yea, banks are nasty mo fo's. this is how they are able to give free checking accounts, by harshly dinging the few folks who get caught with little cash flow.
you have Chase, huh?
the stories I could tell...

Answer 2

Well the bundled funds (CDO's) need to meet a criteria, lets say they need to meet the requirements for (x) amount of time, if the default rate eats up the earning (interest received) is less than the agreed amount the the original lender needs to buy back FORECLOSED property it becomes REO. Lenders are unable to take part in refinancing due to the fact they no longer own the mortgage but with the criteria they are forced to buyback the mortgage/property only after Foreclosure. With all of the standing inventory, residential real estate isn't selling for asking or what's owed. Just by having the properties the lender are having to pay COSTS (property tax/mello-roos, utilities, Association, security, real estate agent). While no one is making the interest payments plus having to pay the extra COSTS. The lenders are taking a large hit on profits. Forcing the bank/lenders to have large WRITE-DOWNS. So all the talk now are the large losses. Stock market the banks/lenders are being hit hard!!! I hope this was helpful and answered your question.

Answer 3

I'm very happy with my bank. They pay 3% interest on my checking account, reimburse all my ATM fees from other banks so I can use any ATM for free, free safe deposit box, free checks, they have free online bill pay, and I can download everything directly into Quicken. Also gave me a free Home Equity Line of Credit. No charge for any of it. (National City bank)

But overdrawing your account is just asking for trouble at ANY bank. They don't like that, and it's not unheard of for banks to close your account if they feel you're doing it too often, even if they are collecting overdraft fees. I suspect what happened is what was mentioned earlier - banks will process the largest withdrawals first, because for most people those are the most important (mortgage, car payment, insurance, etc.). It's unfortunate that that system also generates the most overdraft fees, but it's probably the best system for most people.

Answer 4

I love my bank. I never overdraw my account. That's because I never write checks for money that isn't in the account. I also never allow my account to go so low.

It is normal procedure for banks to process checks largest first. The reason is suppose to be that the larger checks are probably more important than the small amounts.

Maybe you should get overdraft protection. That would save all those bounced check fees.

Answer 5

you should go in and ask them to take off some of the fees...that's happened to me before...explain your story they may take a few off....(which they've done for me)

but to answer your question, i've had so many banks and there's always something annoying with each one...especially the "free checking" ones with all the crazy fees for crazy things like viewing checks online more then ten times a month....

Answer 6

I'm going to switch to gmac bank after I close my account at US BANK, the over draft fee at gmac is $20, USBANK is $38 dollars, plus, i get interest on my balance at gmac regardless of my balance.
Dude above me, what bank you bank at?
I suggest though, sincerely, talk to your local bank and see if they can reverse some of the charges. I have had my local banker reverse charges for me, sometimes they will work with you.

Answer 7

Try a small credit union. I've had no problem with them.

I used to work for a huge bank (who shall remain nameless) and they really could care less about one person's individual little account.

Answer 8

Saying "I don't go overdrawn often" falls on deaf ears for the vast majority of us that have never been overdrawn.

Banks are making money from people like you... but it would be better (cheaper) for them not to deal with overdrafts.

If you knew their "rules" you wouldn't be surprised by their charges. You'd also be more likely to avoid them.

Make excuses. Blaming other people, institutions or companies for your poor behaior is not the best way to succeed in life. Please don't take my comments as uncalled for critisism. Give them some thought. My comments are sincere and based on experiance.

I wish you the best.

Answer 9

I love my bank! No fees. They actually pay me money to bank with them. No fee mortgages. Friendly. Branches all over the nation.

AWESOME bank.

Answer 10

i hate all of the chain banks like wells fargo. i use a local credit union and they are very good to me.