Check card bouncers.......protect yourself...

[SampSon]

It's obvious that you can't handle what little finances you have, or don't have for that manner. You have a lot of money but can't be bothered to know which account it's in and spend accordingly? I think that banks deserve the money they nail fools like you for. Banks arn't out there to be ethical, they are out there to make money on fees and interest based on the agreement you sign as a member of the bank.

The reality is that you're pissed that you were dumb enough to keep making charges to an account with no money in it, and then try and blame the whole thing on the "unethical" practices of financial institutions. Is this your first time doing business with a bank?

Mabey you should look into another bank, and if you do, read the fine print when you open the account.
I have overdraft protection that costs me like a whopping $10/year. I can run up a few thousand dollars of overdrafts without any fees at all. The money is pulled from my line of credit.

I really have very little sympathy for you in this matter. Ignorance of a law or rule is no excuse and trying to call out banks for "unethical" practices just makes you look like a fool.
Oh well, have fun paying your $750 in fees.

 

[fintheman]

It's obvious that you can't handle what little finances you have, or don't have for that manner. You have a lot of money but can't be bothered to know which account it's in and spend accordingly? I think that banks deserve the money they nail fools like you for. Banks arn't out there to be ethical, they are out there to make money on fees and interest based on the agreement you sign as a member of the bank.

The reality is that you're pissed that you were dumb enough to keep making charges to an account with no money in it, and then try and blame the whole thing on the "unethical" practices of financial institutions. Is this your first time doing business with a bank?

Mabey you should look into another bank, and if you do, read the fine print when you open the account.
I have overdraft protection that costs me like a whopping $10/year. I can run up a few thousand dollars of overdrafts without any fees at all. The money is pulled from my line of credit.

I really have very little sympathy for you in this matter. Ignorance of a law or rule is no excuse and trying to call out banks for "unethical" practices just makes you look like a fool.
Oh well, have fun paying your $750 in fees.

Oh no!??!?!

Did all of the unethical practices that I spoke about 5 years ago suddenly get put into law to prevent banks from screwing people over? lol

Owned, even if it took 5 years

 

[Soundmanred]

Oh no!??!?!

Did all of the unethical practices that I spoke about 5 years ago suddenly get put into law to prevent banks from screwing people over? lol

Owned, even if it took 5 years

I don't get it, that was posted 5 years ago as well...

 

[MotF Bane]

Financial incompetence necro!

 

[zinfamous]

Oh no!??!?!

Did all of the unethical practices that I spoke about 5 years ago suddenly get put into law to prevent banks from screwing people over? lol

Owned, even if it took 5 years

LMAO! bumping an ultra-necro to post 5-year later ownage!

how very ...Dave like? I don't know if this is sad, or so bitterly awesome.

:awe:

 

[zinfamous]

I don't get it, that was posted 5 years ago as well...

sampson was chastising OP for being financially incompetent and stupid. OP was claiming that this is an unethical practice by banks that would even catch some studious, responsible people if left unchecked.

OP bumps 5 years later to show that the collapse of the world economy, exposing such unethical practices and new reforms = OP vindication, thus retroactive ownage of sampson?

 

[Soundmanred]

sampson was chastising OP for being financially incompetent and stupid. OP was claiming that this is an unethical practice by banks that would even catch some studious, responsible people if left unchecked.

OP bumps 5 years later to show that the collapse of the world economy, exposing such unethical practices and new reforms = OP vindication, thus retroactive ownage of sampson?

meh.

 

[QueBert]

Oh no!??!?!

Did all of the unethical practices that I spoke about 5 years ago suddenly get put into law to prevent banks from screwing people over? lol

Owned, even if it took 5 years

you can still be hit with overdraft fees even if you told your bank to disable it on your account. I made a purchase using Paypal, I stupidly forgot about it and since Paypal takes sometimes 3-4 days to charge your bank account. I got hit with a $20 OD fee, not sure if I could fight it and win, but I just chalked it up to I need to pay better attention to what I buy. My credit union will automatically deny any instant charges that can't be covered, but Paypal does shit a weird way or something.

 

[Svnla]

I don't want to pick side but should anyone pay attention to the balance of their checking account and pay your bills on time? Banks/CC companies/et al won't able to screw you if you pay attention to your money.

<<----always follow the simple rule "Don't spend more than what you have".

 

[fintheman]

I don't want to pick side but should anyone pay attention to the balance of their checking account and pay your bills on time? Banks/CC companies/et al won't able to screw you if you pay attention to your money.

<<----always follow the simple rule "Don't spend more than what you have".

Of course! That is why I didn't want some automatic credit (aka overdraft protection) so I wouldn't spend more than I have.

 

[QueBert]

I don't want to pick side but should anyone pay attention to the balance of their checking account and pay your bills on time? Banks/CC companies/et al won't able to screw you if you pay attention to your money.

<<----always follow the simple rule "Don't spend more than what you have".

I think there is somewhat of a conspiracy here, with the exception of Paypal, everywhere I use my CC it will either approve or deny me instantly. But if I get approved it still might not show up on my account for a day or 2. I'm sure the technology is there where it could update your account status quicker. I'm not talking instant, but within a few hours is more than reasonable. The time I was hit with the fee, yeah it was my fault, but I did check my balance before I made the purchase. If my bank/pay pal had been quicker to actually process the shit. I would have seen my funds were too low and not bought the other thing.

While I'm ranting, they could also speed up returning funds, when I buy shit it typically comes out of my account instantly. When I get a refund it can take up to a week.

 

[DominionSeraph]

It is unethical for a bank to continue on charging you when THEY KNOW YOU DON'T HAVE THE MONEY.

No, they are providing you a service. One that you signed up for.
It's a zero-credit-check instant-approval line of credit. One that saves you from taking a hit to your credit history and can serve as an emergency reserve.

It is YOUR responsibility to know how much money YOU have. You being too lazy and stupid to balance a checkbook (or simply just keeping a couple thousand dollars reserve) does NOT make the bank's cleaning up after your messes "unethical."
You obviously need a nanny. That's ~$30,000+ per year. So you're getting off cheap.

 

[QueBert]

No, they are providing you a service. One that you signed up for.
It's a zero-credit-check instant-approval line of credit. One that saves you from taking a hit to your credit history and can serve as an emergency reserve.

It is YOUR responsibility to know how much money YOU have. You being too lazy and stupid to balance a checkbook (or simply just keeping a couple thousand dollars reserve) does NOT make the bank's cleaning up after your messes "unethical."
You obviously need a nanny. That's ~$30,000+ per year. So you're getting off cheap.

A law was passed because they did this without your permission, it's one thing to offer a service, but another to force it on you. The only "service" they're providing is making more money. It's doubly bad for people with a joint account, if you don't remember to tell your SO about every thing you buy, you can get screwed if they check, see $$$ enough for what they want and buy something which is > than what would be in if your charge had came up. It's especially wrong considering how debit cards are always pushed as "you can only spend what you have" which is what they're suppose to be, but apparently that isn't the case. If they really cared about their customers they'd give them a day grace period to cover it, at least the 1st time it happened.

Example 2 nights ago I did a cash deposit on Full Tilt Poker, it still hasn't shown up on my credit union account, I'm sure it will by tomorrow, but that's $200 that appears to be in my account which definitely isn't.

 

[fintheman]

A law was passed because they did this without your permission, it's one thing to offer a service, but another to force it on you. The only "service" they're providing is making more money. It's doubly bad for people with a joint account, if you don't remember to tell your SO about every thing you buy, you can get screwed if they check, see $$$ enough for what they want and buy something which is > than what would be in if your charge had came up. It's especially wrong considering how debit cards are always pushed as "you can only spend what you have" which is what they're suppose to be, but apparently that isn't the case. If they really cared about their customers they'd give them a day grace period to cover it, at least the 1st time it happened.

Ding ding ding! Too bad people want to make this into a personal responsibility discussion. I guess these laws were passed just to protect stupid people and the banks had no nefarious doing what they did before.

If I don't have money in my account - Then I don't have money in my account. I never asked for credit to let me buy a thing of gum that would overshoot my account by .20 cents and then I bought 35.20 dollar gum. Which world do you come from where that is not royally fucked up?

 

[james1701]

At least they were not like 5th 3rd, they would charge fee's for having overdraft fee's after you brought your account back to positive. If you did not know, and had written a check, and depending on what you put in the bank, the extra fee would snow ball you back into a nsf. What should have cost my ex wife 300.00 to get her account straight ended up costing over 1200.00 because they would tack fees on top of fees after she deposited money in her account.

I think that has been ruled illegal now, because she called me wanting to know if I still had an old account number from her. She got a notice of a class action suit, and it needed the account number to award settlements.

 

[kranky]

I continue to be amazed that people who don't carefully track their balance just don't switch to cash.

It's OK to not be the person who monitors their account to the penny, but if that's you then don't use a debit card. It's like buying a gun and bullets, handing it to the bank, then complaining that they shot you.

It must be considered terribly uncool to use cash, as I see plenty of people at work who whine about overdraft fees from their debit card use everywhere they go instead of getting some cash once a week from the ATM. With cash, when you are out of cash, you stop spending, and no overdraft fees.