How do you feel about depositing your check into your bank account
and having the bank slap a hold on your check for 7 days, cashing the check
you deposited in 24 hours and then charging you overdraft fees on every
transaction that went through your account.
Not to mention that the bank usually processes the cheque and the proceeds reach them in a day or so. They then collect interest on your money before it is released to your account after the 7 day clearance period.
With the dishonour fees, it's a nice little earner for them!
Banks is bastards.
k. what bank? mine stinks. if I use more then the "available balance" even if I depsoit CASH...they charge me 35 dollars per transaction. PLUS if I have less then 100 dollars per day, they charge me a fee. RIDICULIOUS!!!!!!! I am in the process of switching to a credit union!!!!
Hmmm one of my friends from work refuses to use a bank. I am almost thinking of doing the same.. She pays everything with cash. I am so tired of all the hidden charges they cost me... She hides all her money in her house and pays everything with cash. she also always has money.
We must bank at the same one. I got my first paycheck from a new job. They had to issue a paper check the first time before direct deposit. They put a five day hold on it. Automatic withdrawals bounced like crazy. Bank said I should have anticipated that.
Yea right ,like they did???......grrrr
So wheres our bail out huh
It is wrong and they get away with it.
They know it, and dont care.
I really wish we didnt need to use banks ,especially when you relise how much control they have.
They dont serve like they used too.
Its all wrong.
I recently had another kind of bank issue. I open a CD and the customer service rep told me I had to wait until the maturity date to get the interest. Turns out, she was wrong. I open another CD and another customer service rep asked "post the interest to my checking account" or "hold it until maturity". I hit the ceiling. The bank manager corrected the issue with the 1st CD, but boy was I mad.
The most ridiculous fee I think I've encountered is for non-account holders. If a client writes me a check, I should be able to go to his bank and, with proper ID cash it. But since I don't have an account at that bank, they want to charge me to cash their own client's check! It was a $20 check and they wanted to charge me $5 to cash it!!! My bank doesn't do this, thank goodness, but if it did I would bail.
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