Bank Of America ...scam!

[NAIR]

Worst banks: B/A, W. Fargo, U.S.Bank. They all are such shit it's really hard to rank one worst than the other. Shit, wells fargo will charge you 2 bucks to talk to an operator.

 

[jtunderdog]

I use a local bank called iberia and they did the same thing. They showed several charges as cleared then the next day posted my rent check and bounced three charges with a total amount of 10 bucks. They charged me 30 bucks for each of the 3 charges. Sucks but they all do it.

 

[mikeswift]

I've got an idea for you Presser - why don't you try and pay ALL of your bills and keep enough money in your account so this doesn't happen and BOTH of your bills get paid??? :finger:

 

[dreww]

So you guys should do your banking and loans with credit unions and/or capital one

agreed! the recurring problem I see here is the word "bank"

my credit union also gives me their lowest interest rate available on any loan ive applied for. Just look up their rate ranges online, see the lowest, and its automatically what I get.

 

[Get_Swole]

chase bank did this to me once but they have been doing a good job taking care of me for the past while. sucks man get on them so they know you know they are doing it and i would change banks if its not too much of a hassle.

 

[neophyte1978200]

Do you guy keep a record in your check registry. Most people who have the problems you seem to be encountering don't do this.

This is how banks operate. If you write a check, the debit goes on not when you write the check or use your ATM checkcard, but when the other bank notifies your bank. With a check, the funds do not transfer from your account until it actually clears your bank. Check the back of you checks and compare it to the dates on your statements. So it doesn't matter when you write the check, but rather when it clears.

This is how check kiters used to operate before banks became electronic. Remember the movie Leonardo DeCaprio did on Frank whats-his-name? Open an account, get checks, cash those checks. Get the cash, and then several days later the checks would bounce when they hit the bank they were written on.

In using your ATM debit, remember debit go on the next BUSINESS day, not weekends or holidays.

Also remember that some business, and others that we write checks to are lazy and do not cash them timely and thus you need to keep a check register. Also remember that some banks such as BofA charge for your checking account, so beware of the day they do this and for the amount.

 

[neophyte1978200]

They know they have us by the balls and there isn't a thing we'll do about it. We give the banks our money in an interest earning checking account or savings account and they give us a measly 2 or 3% interest, but if we take some of their money in the form of a loan or credit card (which is really just someone else's money anyway) they charge us anywhere up to 20% or more.

Do you ever wonder what would happen if everyone walked into their banks on the same day and withdrew everything and closed all accounts? hahaha It would be chaos!!!

Yes. This is what happened at IndyMac, Washington Mutual, and Wachovia. Its also what exacerbated the Great Depression.

Banks are in the Business to make money. Most large banks would prefer not to deal with the general public but are required to by law. They make very little money off most of use in regard to checking. Think about the number of flaky borrowers who default, go into foreclosure, or declare bankruptcy. Banks actually prefer Business Customers.

Generally, the safer YOUR investment, the lower the interest. And the more risky your payment history or ability to pay (judged by your credit report) the more interest in loans you will pay. :fyi: