Making themselves? They've LONG been the "enemy". Talk about your behemouth parasites. Any we have them and our govt to thank for this comprehensive recession we're in. Ask them what they've done to support small business and job creation lately?

The thing noone is saying here is that people know there are fees for overdrawing their account - whether it be by check, ATM/Debit card, ACH transaction etc. If you do not keep an accurate record of your running balance, you have noone to blame but yourself if you overdraw your account and are charged a fee. It's like blaming a cop for pulling you over when you're speeding. You are the one who got yourself in this predicament.

this same thing happened to me but it deposited it back into my bosses account instead of mine.I was named employee of the month.Lucky u got yours taken care of with ease.I had to fight with them to drop overdraft fees when it was their but finally they reversed them drew my money out and closed account

Next JULY!!!!!!!!!!?????????????? What's wrong with "TOMORROW"????????? Gouging is gouging and should not be tolerated at all. When your account gets to a $5.00 balance your card should NOT be able to be used -- a clear SIGNAL TO YOU that you're low on money and definite protection from being screwed by the banks.

One small step for man.....I can't wait till we have even more long awaited change. We've been getting reemed for so long.

I suggest that you are not banking with a small community bank. You should switch to a bank that actually cares about you. They are out there. I know. I work for one.

I love all the posts from bankers here ripping on people for overdrawing their accounts as if they really believe they aren't the bad guys. It's not that the banks ding people once in awhile for overdrawing their account. It's the sleazy strategies that they use to get you to overdraw more. At Bank of America they will take all the debit swipes you do on Sat. Sun. and Mon. and pile them all together on Mon. and then order them from the largest debit first to the smallest. If you have fifteen total debits over the three days this strategic manipulation can change what would have been one overdraft charge into ten. They say they order them that way to "protect" you from having large debits not going through and they compile all the debits from Sat. Sun. and Mon. because they "don't post" on the weekends. So even though they know the date of the debits they still pile them together on Mon. and order from largest to smallest in order to maximize overdraft fees. It's laughable how they try to describe this as their effort to "protect" you. I am grateful that our government is finally cracking down on these scamming con artists.

What happened to people being responsible for their money? Why would you ever go and spend money that you don't have in your bank account already? You would think people would learn from their errors, but instead they keep making the same one over and over.

MargeeD: if you where to watch your money on line at least 2-4 times a week you would see any thing that is out of order. And also if you had looked at the bank slip that they give to you at the end of every transaction you would have known before you left the bank of the error.

even though they cleared up thier mistake, you should check your credit report, because those blemishes may still be present, although they were reversed by the bank itself

Let me guess MargeeD, you made the deposit WITHOUT a deposit slip, nor did you know the CORRECT account number that you wanted the deposit made into.............gosh why should you be responsible for your own information when you can blame someone else?

Limiting overdraft fees are great but they should also prohibit banks from automatically without notifying the accountholders in advance and giving them a chance to dispute. See below for what Bank of America did to me (copied from my Craigslist, Facebook and MySpace posts)

"BANK OF AMERICA IS UNSCRUPULOUS (NATIONWIDE)
Date: 2009-11-13, 7:51AM PST
Reply To This Post

PLEASE SHARE THIS POST WITH ANYONE AND EVERYONE YOU CARE TO. I AM NOW GOING TO SHARE THIS ON FB AND MYSPACE AND WILL NOT STOP UNTIL I HAVE MY MONEY IN MY HANDS !


To whom ever may read this -

I keep ALL of my money with Bank of America. Yesterday, I had money in my Checking and Savings Accounts.

Last night, at around 9 pm I went to buy gas on a trip and my Debit Card was declined. I tried to use my BofA credit card and that too was declined. There I was , at a gas station in a strange, rural town in NJ with 2 overtired toddlers, little gas, and no access to ANY of my money, cash or credit, to buy food, gas, tolls, or a hotel.

When I called BofA I was told my accounts were closed because of a risk assessment, that my accounts were in the process of being closed, and that I would not be able to get ANY of the money, not even in person at the Branch, from my accounts for 15 business days (that makes 21 + days). I was transferred to the Risk department and told by a rude gentleman that I needed to call ChexSystems. Obviously upset, I told the gentleman his answer was unacceptable, I was stranded at a gas station in a strange town. I told him I wanted to speak to a supervisor and he said one was not available. I then asked for his name and employee ID # and he promptly hung up.

When I called ChexSystems today, I was told they could give me no information over the phone, I would have to order a report, and if the information was inaccurate I would have to file a dispute with ChexSystems, and that it could take up to 60 days to investigate and resolve, and that in the meantime I cannot open a bank account with ANY bank. I have regular monthly bills for car insurance, utilities, housing, and loans that were set up on Bill Pay and no means to pay them as I cannot open an account with another bank to transfer everything over. This means I will incur additional late fees and possible interruptions of utilities, lapses in insurance.


Thus, I have no means to cash a check NO MONEY TO FEED MY FAMILY, AND NO INFORMATION AS TO WHY MY ACCOUNT WAS CLOSED. I called the Risk Department in Texas once again, and spoke with Gabriel. When I told him I was recording the call for legal purposes, I was told I was not allowed to use the recording against Bank of America, and again not given ANY information.

The reason of this post is to inform all BofA customers nationwide that Bank of America CAN and WILL close ALL of your accounts at ANY given time, for ANY reason and not give you your money for up to 21 days. And they will not give you ANY information as to why. Nor will they give you a mailing address to write them or the name of a supervisor.

If you have any accounts with BofA , I suggest you close them. I also suggest that if anything similar has happened to you, you call you State Banking Department to file a complaint.. I know I have and will continue to do so on a daily basis until this is resolved.

If anyone works for BofA, please bring this to the attention of Senior Management.

I am contacting the media to let them know BANK OF AMERICA ENGAGES IN UNSCRUPULOUS BANKING ACTIVITIES THAT RESULT IN PEOPLE NOT BEING ABLE TO ACCESS THEIR OWN FUNDS TO EAT. AS FAR AS I AM CONCERNED THEY HAVE TAKEN FOOD OUT OF MY FAMILY'S MOUTH IN AN ECONOMIC RECESSION. ONCE THE BALANCE OF MY ACCOUNT IS RELEASED I WILL BE PURSUING LEGAL ACTION AGAINST BofA !

WAY TO GO BANK OF AMERICA. ITS BAD ENOUGH YOU YOU GET SO MUCH BAD PRESS AND PUBLICITY BUT YOU HAVE IRRITATED THE WRONG PERSON AND THE BATTLE HAS JUST BEGUN. ITS A SAD STATE OF AFFAIRS WHEN EXECUTIVES AT BofA CAN GET BONUS' AND BAILOUTS, BUT ACCOUNT HOLDERS CAN'T ACCESS THEIR MONEY.

* Location: NATIONWIDE
* it's NOT ok to contact this poster with services or other commercial interests



PostingID: 1464146108

Sorry MargeeD, but it sounds like it's partially your own fault. That is exactly the reason you are supposed to bring in your deposit slips filled out and not throw it on the teller to figure out which one you want it in.

Although I agree on some restrictions on overdraft fees, why should there be a limit to the number of fees incurred? That's only helping people who are frequently and knowingly overdrawing their accounts.

The fees shouldn't cost so much, but really, people should be keeping track of their money just as if they were using cash. You can't expect to be able to spend more than what you have and do it for free. I have incurred overdraft fees too, and it stinks, but it was my own fault.

So when did become the bank's responsibility to monitor your accounts for you. It done by the computer. You overspend, and the computer puts a charge on there. Either way it didn't cost you anything so why are you crying. What would have been worse. You having to go to the bank twice or all those checks coming back because you didn't have the money in your account. Those late fees and returned check charges will not go away. I think you should personally thank the bank for not costing you a ton of money. Plus, if you had been keeping up with your balance with any of the endless ways to do so, you would have known that the money was put into the wrong account by mistake. Stop blaming other people because you want to go through life blissfully ignorant of everything around you. The overdraft fees are not the problem. The problem is people spending money they don't have. Then they want to cry because the bank charged them a fee for what is basically a unsecured loan. I don't have a problem with them changing it to opt-in. That just means I can laugh at all the lazy, worthless people trying to spend money they don't have and getting declined in stores. How much do you want to bet that the people complaining the most will opt-in after the first couple of embarrassing moments and the people not opting-in probably didn't have to worry about it to begin with. People are sheeple. No backbone to stand up and take responsibility for their own lives. GROW UP. Stupid liberals.

What do you wanna bet that when this happens the banks will require you to sign a card, or some such similar device, which will require your assent to the taking of such fees voluntarily!

To find out the reason why this might occur, check out www. realityunveiled.com - it will explain the whole thing.

The banks are all run by corrupt thieves. They take our tax dollars and pay themselves fat, unjustified bonuses. They charge usurious fees and fly around in luxurious corporate jets. It's time to stand up America... BOYCOTT the banks!!! Take all your money out and put it in a credit union (a lot of them will allow anyone to join now). The credit unions charge lower fees, give better rates and treat their clients with respect.

The fools on capitol hill think they won another battle against the banks. Obama tried that a few months ago and the banks worked around that. Now you can "Opt Out" sure you can, you will lose the use of your card and your account will be closed. How many people will want to lose their cards?? not many.. The banks win again.. Trust me on this one...