Is Bank of America s******g me over?

Question

I keep a transaction register and found out today I was 470 dollars in the hole, due to several transactions i made over the past couple of weeks that are just now "coming through" they charged me around 300 dollars for insufficient fund fees, i showed them my register and they told me nothing could be done about it. does this sound correct?

Answer 1

If you have pending transactions it still counts they are not s******g you over

Answer 2

bank of america screws alotta people over.  i think it is partially your fault for not keeping up to date statements of how much funds you have in the bank.  sign up for online banking next time and it'll let you know how much you have in the bank and how many transactions are pending so you won't be surprised when they kik in later.  it's not the banks fault that the transactions were pending.

Answer 3

How do you think they became one of the biggest banks in the world?  Of course they screwed you over.  This kind of creative timing of transactions, just to give them an excuse to charge excessive fees, was pioneered by Fleet Bank (aka 'Fleece Bank') and has become a standard tool of banks to gouge their customers.  Chase and BoA are the worst; they are more evil than Haliburton and Osama bin Laden combined.

Answer 4

They are not s******g you over. Banks no longer block charges for insufficient funds. The same situation would happen to you regardless of your bank. One thing that BAC offers is balance notifications. You can have your balance sent to you daily via e-mail. Sign up online.

Answer 5

same as above

Answer 6

Bend over and grab your ankles

Answer 7

Of course something can always be done about it.  Depending upon your history with the bank and the attitude of the manager, you might be able to get some or all of the fees refunded.  Don't expect that on a regular basis though.

Most banks now charge overdraft fees of $35 per transaction, regardless of the size (e.g., a $5 debit card transaction), plus a daily fee if you are overdrawn.  Naturally, those fees can compound upon one another.

It is now the policy of most banks to approve transactions they otherwise would decline because of the profitability in approving them.

Are you getting screwed?  Sure, but that's what banks do and all the big ones have essentially the same policies.