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 BANK FEES 
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Postby birdsfly70 » Mon May 11, 2009 12:20 am


I GOT SOME REPLIES FROM AN AMERICAN SITE

banks - just say NO. Tue, 05 May 2009 17:43

which bank rips off customers ? commonwealth bank.
my balance was $7 so i tried to buy $4 biscuits using eftpos at the supermarket

but it was deeclined.
now i find out they took out $4 monthly fee , leaving $3 and since i tried to

spend $4 i got fined $35 for going over . i didn't get the biscuits so i didn't even

spend $4. no biscuits, and a $35 fee.



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Go to the bank and start bitching Tue, 05 May 2009 22:02

and you should be able to fight that.

The cannot charge you a fee for trying to take out more than you had since they

declined the transaction. Its the same as going to the teller, trying to take out the

$4.00, she tells you no. They wouldnt charge you $35.00 for that, right? Then

they cannot charge you for the other failed transaction.

Had they allowed the trans to go through it would be a different story because then

you would be overdrawn and the fee would apply.

Just as a side note, these are the companies we just bailed out to the tune of a

trillion bucks or so??? Can I get a big WTF???
[Updated on: Tue, 05 May 2009 22:05]

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IcedT

First Merit Tue, 05 May 2009 23:30

I deposited a check in my account there, it bounced. The same day the check

bounced I used my debit card to get gas. I had $25 left in the account and

bought $27 worth of gas. At mindnight that night my wife's paycheck got direct

deposited in there. I didn't get any kind of notification via their online banking

system or a phone call from the local branch. Two or 3 days later my wife

balanced the checkbook and there were no charges or anything so we figured the

bounced check just hadn't cleared yet. They notified us via regular snail mail, which

took 6 days to arrive.

When I finally did get the letter, I logged on to the website to make sure it's still

OK. I see six daily overdraft fees have been applied. $35 per day x six days =

$210 worth of fees. I go into the local branch office and ask for the manager. She

looks at my account and tells me that their system charges the fee every day until

the we come in and handle the overdraft. I explained to her that my wife's weekly

paycheck got deposited the same day and there was plenty in there to cover it. At

most we should only get charged for one day. She gets on the phone to the main

office. After talking with them for a little she apologizes and says there's nothing

she can do about the fees.

I walked out of her office, up to the tellers, and closed our personal account, my

business accounts, and withdrew all the money we had invested with them. I had

them make the cashier's check out to the bank right across the street (Fifth Third)

and the manager had to come out and sign it. She didn't even make eye contact

with me as I took my business across the street. They gave up my business

because we were overdrawn (by $2) for a couple of hours.

For the next six days, I got a letter each day in the mail saying we were still

overdrawn and they were charging us the fee.
[Updated on: Tue, 05 May 2009 23:35]

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BevFan


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You know you're inept when... Tue, 05 May 2009 23:47

Here's my question -- how do you manage to run companies that do shit like this

unsuccessfully?

I really wish banks weren't privately owned.
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ZonononZor


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Back in the good old days... Wed, 06 May 2009 01:20

When I was still in college, once I wrote a check which was 67 cents over my

checking account balance. The bank president himself called my father who went to

the bank and covered the overdraft with a new deposit into my account and there

were NO penalty fees. My Dad did chew my ass out later for it but that was it.

Although things have changed at that bank since then (that was approximately 30

years ago) I still only do business with that same bank. While some things have

changed, they will at least sit down with me and discuss any problems that I might

have with them today and they have often been very helpful with those problems.

Unless I actually move away from he town I now live in, I will continue banking

with them. I suppose this may be one of the few advantages of living in a small

town where many of the people working at the local bank now are people who I

went to high school with and have known for many years.

"Perhaps to be too practical is madness. To surrender dreams? This may be

madness... and maddest of all, to see life as it is and not as it should be." -

Man of La Mancha

"Smart people answer questions, wise people question answers." - ZonononZor

"Minds are like doors. As long as they remain closed, you're going nowhere." -

ZonononZor

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hecubus15


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I still have my account with a small local bank in my hom e town Wed, 06

May 2009 01:59

Even though I live in a different state now. I had direct-deposit of my paychecks

from work, and a debit/ATM card so I could make deposits at almost any ATM, so

it was never an issue. I had an overdraft once but they waived charges and paid

the check because they knew my direct deposit was going to go in the next day.

The times I've thought of switching to a larger chain or something with a nearer

branch, I remember things like that.

I feel the grey goo boiling my blood.

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Polaris


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Reminds me of the $40 pack of cigs.... Wed, 06 May 2009 06:15

A buddy of mine purchased a pack of smokes at the local 7-11 but didn't have

enough funds in his account. The bank covered the purchase but it cost him. He

was charged the $35 over draft penalty plus the $5 for the pack of smokes. So in

the end the pack of smokes cost him $40!!!

When he told me that story it made me sit up and take notice. ALWAYS read the

fine print on what type of account you have and what the associated fees are and

know the rules for over drafts etc...

Every attempt to make war easy and safe will result in humiliation and disaster.

-Gen.William Tecumseh Sherman-

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scorpion..


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Credit Unions Wed, 06 May 2009 11:31

While they are not prefect for everyone, they are much less likely to screw you

over, are much more friendly and both willing and able to work with their customers

and don't get themselves in trouble like the banks do.

One of my credit cards is with shitibank, all of my payments are set up to be

directly drawn from my bank account, the only transaction to have failed, in the

past ten years with several thousand dollars in the account at all times "several

times at that too" is shitibanks, and lo-and-behold there is an interest rate hike

each time.

It is a shame what's happening right now and it really is only going to get worse.
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Bank of america.... Wed, 06 May 2009 12:25

My sister got scammed back in mid 90's with an internet business she started to

set up... basically she was going to be advertising a online cyber mall. she found

out aftersigning up that it was basically a scam. she had ordered a credit card

taking machine but refused shipment as she had found out they were a scam. I

got kicked out shortly after and moved(was living with My mother at time an her bf

didnt like us) well the company falsely clained she had recieved the item and tried

charging her for it. she refused and notified them she had refused delivery and

never got the item. having moved she never heard back and thought it had been

settled.... fast forward abouta year or 2 and I go to withdraw some cash from the

800-1k I had currently in the bank only to be told My account was in the red by

over 600 dollars. I demanded to know how and they informed Me that she had

been sued and lost in absentia as they will not forward legal documents. as she

was a co-owner on My acct the scam company had been awarded around 1700

bucks for an item she never got and they overdrafted My account without notifying

Me+ overdraft fees. I have limited $$ and could never afford to pay back that

extra 600 and to this day cannot get a bank account because bank of america is

listing Me as having an overdraft balance. I found out the company scammed

hundreds of people doing the same thing to them yet I cannot do anything as they

already won the lawsuit. top it off I wasnt even the one that was the one sued yet

they went after My account.


Goes to show you again - Wed, 06 May 2009 14:52

be careful who you co-sign for and allow to 'join' your bank accounts...

Interestingly enough (bank shenannigans) they cannot take 'more' than you have. If

you have a judgement against you and they get to levy your account, they cannot

take more than you have, and I'm really surprised that the bank did that.

The reason why is that the bank can't guarantee that you'll pay them back as there

is no legal document for them to use that you've signed to agree to pay them

back. So if they give the courts more than what you have in the account, how are

they (the bank) going to get it from you? They wouldn't take that risk.
[Updated on: Wed, 06 May 2009 14:58]


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Postby mr_walker* » Mon May 11, 2009 9:35 am


You can ring up the bank and dispute the fee, I have done this before with the Commbank. The fee is applied at "the managers' discretion". (Whatever that is supposed to mean!)


Carl Carlson
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Postby bullwinkle » Mon May 11, 2009 9:59 am


I worked for Westpac for nearly 12 years, the last 5 as a supervisor and then branch manager. If something looked wrong, I'd fix it. In those days, good customer service was encouraged. These days, no-one employed by the banks is prepared to stick their neck out.


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Postby crashdown » Wed May 13, 2009 8:33 am


Remember when we weren't all slaves to banks i.e. you didn't have to get paid into a bank account? Thank you Mr Keating. And now his successor has 0 control over what banks can or can not do :roll:


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Postby modecko » Sun May 17, 2009 5:42 pm


crashdown wrote:
Remember when we weren't all slaves to banks i.e. you didn't have to get paid into a bank account? Thank you Mr Keating. And now his successor has 0 control over what banks can or can not do :roll:

Yes his successor Howard certainly did pander to the banks and allowed them to do whatever they wanted in regards to fees.

And I'd love to see how everyone getting paid in cash would work nowadays. It would be a crime spree and a half.


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Postby mr_walker* » Sun May 17, 2009 9:31 pm


modecko wrote:
crashdown wrote:
Remember when we weren't all slaves to banks i.e. you didn't have to get paid into a bank account? Thank you Mr Keating. And now his successor has 0 control over what banks can or can not do :roll:

Yes his successor Howard certainly did pander to the banks and allowed them to do whatever they wanted in regards to fees.

And I'd love to see how everyone getting paid in cash would work nowadays. It would be a crime spree and a half.



Hahaha, getting paid directly into your account had nothing to do with Keating. Pure and simple it's a security/payroll issue, who wants to be walking the streets with a whole comanies' wages in a bag? If you ask your boss, I'm sure they'll pay you in cash if you insist, but why?


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Postby modecko » Mon May 18, 2009 5:37 pm


mr_walker* wrote:
modecko wrote:
crashdown wrote:
Remember when we weren't all slaves to banks i.e. you didn't have to get paid into a bank account? Thank you Mr Keating. And now his successor has 0 control over what banks can or can not do :roll:

Yes his successor Howard certainly did pander to the banks and allowed them to do whatever they wanted in regards to fees.

And I'd love to see how everyone getting paid in cash would work nowadays. It would be a crime spree and a half.



Hahaha, getting paid directly into your account had nothing to do with Keating. Pure and simple it's a security/payroll issue, who wants to be walking the streets with a whole comanies' wages in a bag? If you ask your boss, I'm sure they'll pay you in cash if you insist, but why?

When I was in Defence we used to have a pay parade once a fortnight. Everyone lined up in rank and alphabetical order and if your surname was towards the back in end like mine was and you happened to get posted to a large base then expect to waste half a morning waiting to receive your pay packet, check if it's right and with all the allowances, additions and deductions this almost required and accountancy certificate, and if it was wrong you had to queue for a long time at the writers bin to make you complaint.

During one pay parade at HMAS Cerberus the pay van was robbed on the way to delivering the pay packets.

And don't get me started if it was boiling hot, freezing cold and/or drizzling, only if it poured rained did they pay you in the gym or under the covered parade ground. Also the Coxswain's would use this as an opportunity to make you life a misery along with the XO making it a uniform check.

Thankyou Paul from the bottom of my heart.


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Postby SKaVeN » Mon May 18, 2009 8:11 pm


The first job I ever had was by pay packets. It was an hourly wage packet too so was never the same very week. I remember the queue every week & wasting a whole lunch break or morning tea break. Some would argue that it's something they should be allowed to do during company time to no avail. The problem then was being stuck with a wad of money & where to keep it until your break when you could go to the bank.

The second job I had was fortnightly direct deposit which was better except they only did it with one bank. If you didn't have an account with the bank they opened an account there for you & deposited it each fortnight (whether you wanted them to or not).

Speaking as a former payroll officer for many years direct depositing is a much better system. You don't need to have armour guards carrying containers full of cash (& guns) & use computerised technology to work out people's earnings instead of having people count it out & work out the taxation manually so less reducing the possibility of human error. It's also better to have computerised automatic payment system to automatically take out whatever payroll deductions you may have (ie: insurance, voluntary tax, union fees, etc.) then relying on clerical officers to remember them all & work them out & take the cash over to the various institutions on your behalf.

Where I worked, I was one of about fifty payroll officer, each responsible for over a million dollars worth of payroll every fortnight. To pay all the employees cash would mean the employer having to give each officer over a million dollars worth of cash to create payments for the thousand plus permanent & contract employees (not to mention all the casual claims which were by far the largest factor). They'd have to work out the gross, net & take home pay for each person & see that the right amount of taxation & payroll deductions are calculated to go to the corresponding financial institutions.

It's much better to have a fully computerised payroll system which does it all automatically each fortnight & have the payroll officers make sure that the correct information is entered into the system as well as maintain & update any details that will effect the employees' pay.


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