#1 That's it, I am closing my bank acct. today...
05-20-2011, 04:59 PM
- Join Date
- Jul 2009
FirstLight (1000+ posts) Fri May-20-11 11:53 AM
That's it, I am closing my bank acct. today...
I know we have all talked at length about the evil banks and that we should just take our money out...
With all the electronic payments and interconnectedness of the web and our banking, it is just difficult to extract oneself. I was hanging on to this acct because it was the last vestige of 'normalcy' I had left. No other banks will give me an acct because of bad credit and ex-husbands getting me on the checking blacklist. So this acct was part of my 'road to recovery'
But today I am done. I am canceling all my online attachments to this acct, killing my paypal, etc.
Bank of America has swindled hundreds of dollars from me and my family for months. If my balance is low and I know a payment is pending and I deposit cash...they hit me with overdraft fees, pay the payment and THEN take the deposit and use that to cover their charges.
leaving me with negative balance, even though I put in money to cover my butt.
Last month, I even went so far as to ask the teller and the manager at my branch what they coould do to curb this since I am on a fixed income and play life so close to the vest... supposedly he did something in the conputer to make it so that I'd get rejected before an overdraft would happen(you know, the old fashioned way when you would get a call and have to go pay your check in person)
... nope, they just took another $70 from me!
So I guess I am going "off the grid"
nothing but the cash in my wallet and my foodstamp card
when will this end?Olde-style, states' rights conservative. Ask if this concept confuses you.
05-20-2011, 06:02 PM
Oh, the entitlement mentality at work, or should I say perpetually out of work?--Odysseus
Sic Hacer Pace, Para Bellum.
Before you can do things for people, you must be the kind of man who can get things done. But to get things done, you must love the doing, not the people!
05-20-2011, 06:07 PM
Call me silly but try putting the cash in the back before the balance gets low. Banks don't charge an overdraft fee unless a payment comes due and you don't have the money to cover it. Why is the concept so difficult for some to grasp?“Progress is Providence without God. That is, it is a theory that everything has always
perpetually gone right by accident. It is a sort of atheistic optimism, based on an
everlasting coincidence far more miraculous than a miracle.”
G. K. Chesterton
05-20-2011, 06:08 PM
You are in for a rude awakening when you realize the amount of money the bottom feeders in the finance industry will cost you if you want to conduct any business. BofA will look like peanuts.
- Join Date
- Mar 2010
05-21-2011, 10:32 PM
To be fair, there's a few DUmmies trying to explain some basic concepts of money management.
NeedleCast (1000+ posts) Fri May-20-11 01:00 PM
Response to Original message
5. Soooooo...why not just turn off automatic payments?
If that seems to be the problem, why not turn them off and pay things manually, thus avoiding the overdrafts.
Look, I agree BoA is a giant corporate monster and it's only desire it to make money, but if I had a nickle for every post where a DU'er has complained about their bank doing this when it could have easily been avoided, I'd have enough nickles to load up a sock and beat some sense into them.
GreenStormCloud (1000+ posts) Fri May-20-11 06:17 PM
Response to Original message
48. I have been with BofA for years with no problems.
Every day I log into my account and check the balance and balance it against Quicken. On a Word page I keep a list of ALL up coming expenses. If an autopayment is comin out on a date then I enter that into Quicken when my paycheck is deposited. No I am not rich. Right now my Quicken checking account balance is $3.91 but the bank says $87.00. There is an outstanding autopayment of $83.09 that hasn't hit yet. So I know not to spend any of that $87.00.
If you do your bookkeeping carefully and daily you won't have any problems with the bank.
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