Over draft fees?

Question

I have overdraft fees on my bank account because a company charged fees to my account that I didn't want. I canceled the order with the company, and my money was refunded. But the bank still charged me overdraft fees. I was told that my account will be turned over to Collections. I was just starting to get my credit together. I'm worried that this will impact my credit score and credit report.

B dancer222 I know it's not the bank's fault. I hadn't used that account for quite a while, so it's not my fault either...I didn't want the merchandise at all. After I'll end up paying the overdraft fee anyways. It was an error that costed me big money.

Insensitively Honest, I hate to say it but it does appear as everyone is only interested in money. And yes that company did get me on a free trial basis, that's where I messed up at. I plan on opting out of all telemarketing calls from now on. I had also bought something off of TV. I ordered 2 girdles, and the lady processed my order for like 10 girdles. When I tried to send them back..they gave me a big break on the price. I wont' do any more business like that.

Answer 1

Banks do this , when they started all of these overdraft fee's they done it with intention on making money from this , and it has become a major source of income for banks by imposing these fee's banks are not there for you to store a little bit of cash , unless you have a large sum they can use for investments they really do not care , free checking was designed for those who can not manage money , it was done with the plan of increasing the number of overdrafts to increase the income of the bank , due to negligent acts of those who have poor control over their money , why do you think they do not check your credit to open an account , and yes ordering from television , or over the net is considered negligent , they have always said to never give your info , over the phone ,on the net , companies that do this are aimed at the same group targeted by banks as careless spenders , they got you , they may waive it this time but they will not keep doing it , banks want to make your money theirs , these on line , or mail order companies want your money , and if they can get penalties too that is even better , they care nothing about you , except how much of your money they can take from you .

Answer 2

I work for a bank and would pay the overdraft fees. Paying $15-20 in overdraft is better than being put on check systems. It's a pain in the *** to open accounts at other banks once you are in the system.

Answer 3

It's not the bank's fault. Your account was overdrafted. Pay the fee. You could try getting the company that billed you to reimburse you.

But I wouldn't count on that happening.