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Quote:
I get pretty po'd that i have to pay a service charge when i want to deposit money in the bank
I don't know any banks that charge for deposits?
Banks lose money on small checking accounts (anything less then $2000 sometimes more) The only way they can make money off these small accounts is service charges and check cards. If you are smart about your transations you should never pay a service charge. If you are doing everything right and still paying service charges... you need to find a new bank. Think about how much money they can make with a $500 checking account. After sending your statements, processing your checks, paying to insure the money, tracking it with computer systems, issue your atm card, pay people to service it, put it online for you, put on a phone system so you can check your balance, meet all regulations, throw in a couple robberies, 24 camera systems, money transit companies, fraud, etc etc. Don't get me wrong, banks make money... but the spreads aren't there right now. They are making money off loans, and business accounts and people who overdrawl their account.
05 Legacy GT Turbo 5speed
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neelnug, You said a lot of what I was thinking. I'm not a bank employee, but I hear so many of my coworkers griping that the bank cheated them on this...the bank messed up on that...blah, blah,blah. In virtually every case, the errors on their accounts were due to the fact that they did not pay attention to what they were putting into and taking out their accounts.   Personal responsibility. Why are so many people allergic to it?
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2000 Ford Contour SE
Toreador Red
4cyl. / ATX.
Pioneer Deh-1400 head unit, Four 180watt Pioneer 3way 6 x 8's
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Originally posted by hairhorn:
Personal responsibility. Why are so many people allergic to it?
i am in no way dodging responsibility. perhaps an elaboration on how i was treated when i asked for help reconciling this with paypal and my bank would have explained better, but alas, i doesn't matter. rest easy in the fact that you and neelnug are both cold, uncaring twats. g'day.
~Andrew
2001 VW Jetta Wolfsburg Edition
20 valves of fury
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Thats how they make $$$$$$. They would take there service charges out and then bounce my cheques.
Remember
A bank is a company that buys money wholesale and sells it retail. They are NOT a non-profit society.
2012 Lotus Evora
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95 Mystique MTX - GONE 395,000 Kms
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Originally posted by WestCoastAjax:
Thats how they make $$$$$$. They would take there service charges out and then bounce my cheques.
Remember
A bank is a company that buys money wholesale and sells it retail. They are NOT a non-profit society.
well said.
~Andrew
2001 VW Jetta Wolfsburg Edition
20 valves of fury
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Is your bank Nat City? They're the worst.
I posted a ~$3k check on the friday before memorial day. They didn't post it in time, so it didn't get credited until the next Tuesday. No big deal, I thought, except the holiday sure didn't stop them from clearing one check on Saturday and FOUR on Monday, memorial day. Five bounced checks times $29 each meant I had almost $150 in overdraft fees, plus the negative balance from all the checks made for quite an ugly balance statement. Luckily, the power of the angry customer is strong, and a few well-placed phone calls got 4 of the 5 fines wiped out.
Diesel owns you
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Originally posted by neelnug:
As for banks not ID-ing... it depends on the situation. Some branches are terrible about that (but again if its fraud then you will get your money back anyhow). But most bank policy allows tellers to not take ID if they have in the past and you are a regular customer. $2700 check isn't huge and doesn't always require ID if the customer is known. It really depends on the type of check, who the check is from, your current account balance, etc. (but many banks are too lax about this)
Just wanted to clarify my situation: I am not a regular customer at that particular branch, and it was a withdrawal of $2700 in cash (out of a personal checking account that never had anything more than $2800 in it) 
I could understand if my history showed regular deposits and withdrawals in the thousands, but that was easily the biggest withdrawal I've ever made and the most money I've ever had in that account.
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Originally posted by mbTDI:
Is your bank Nat City? They're the worst.
I posted a ~$3k check on the friday before memorial day. They didn't post it in time, so it didn't get credited until the next Tuesday. No big deal, I thought, except the holiday sure didn't stop them from clearing one check on Saturday and FOUR on Monday, memorial day. Five bounced checks times $29 each meant I had almost $150 in overdraft fees, plus the negative balance from all the checks made for quite an ugly balance statement. Luckily, the power of the angry customer is strong, and a few well-placed phone calls got 4 of the 5 fines wiped out.
actually i use 5/3. like i said, mom is a loan officer in their downtown offices, so a few calls and all was well. i am now on a first name basis with the branch manager at my local branch. talked for about 20 mins about cars. turns out he owned a car identical to mine (well, minus all the mods lol) a couple years ago. so i popped the hood, talked for a bit, looked over his car (2005 Acura TL) and he told me about his other car at home, the new G35 (286hp/6 speed). it was a good time. oh, and no fees lol.
~Andrew
2001 VW Jetta Wolfsburg Edition
20 valves of fury
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Not a bank, but the state of Wisconsin is a bunch of crooks too.
Back when my oldest was born, we didn't have health insurance (are you kidding, I was in college and we were living on $11,000/yr), and so the state picked up the tab for the hospital bill initially. But, because my wife (now) and I weren't married then, they forced her to sue me in court for the birth expenses. No big deal, I just figured I'd make monthly payments. Nope, they insisted on wage garnishment. Great, I get to be embarrased to....
....only it doesn't end there. After a few years, it was paid off. I even got a letter from them saying so. Two more years go by, and then late one November, suddenly my paycheck is a lot lower than it should be, like by half. Seems WI made some kind of clerical error years ago and credited someone else's payments to my account (yeah, right, I'm believing that). So to make up for my "missed" payments, they garnished my paycheck again, and didn't even have the common human decency to notify me about it, and were even so cruel as to do this just before Christmas. They refused to show proof that there was ever any error on my account. Basically, they told me to sue them, which of course I could not do because it would have cost me a lot more for an attorney than what they stole from me. Needless to say, I hate WI.
95 Contour SE ATX V6- SOLD
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There are no stupid questions.
There are a LOT of inquisitive idiots.
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Quote:
i am in no way dodging responsibility. perhaps an elaboration on how i was treated when i asked for help reconciling this with paypal and my bank would have explained better, but alas, i doesn't matter. rest easy in the fact that you and neelnug are both cold, uncaring twats. g'day.
Im sorry about your situation. Most likely your bank will refund at least one of the charges so you won't be really screwed. The bank might not have been so nice because 10x a day someone comes in and cries about their charges on their account which is "not their fault" "the bank is screwing them" etc. 1 in 50 are like your situation where it was a simple mistake. Its not the bank's fault (most of the time) it all of the people who cannot handle a simple checking account. I'm really not an "uncaring twat" I refund charges for people who have made a mistake or are in dire straights.
Quote:
Just wanted to clarify my situation: I am not a regular customer at that particular branch, and it was a withdrawal of $2700 in cash (out of a personal checking account that never had anything more than $2800 in it)
As for this... this is just bad security policy. I would have contacted the security person or the area manager. If it wasn't you cashing the check your account would have been protected by the bank. They would have paid your account back. But just like shoplifting... we all pay (through higher fees sometimes)
05 Legacy GT Turbo 5speed
99 SVT GRN/TAN (sold)
06 Ford Explorer EBv8
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