tag:blogger.com,1999:blog-14733404.post8887763795751429327..comments2024-01-08T05:50:04.098-05:00Comments on baxter sez: South Carolina Federal Credit UnionAlison Piepmeierhttp://www.blogger.com/profile/17972854288403934814noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-14733404.post-66338124873833414242009-02-08T16:40:00.000-05:002009-02-08T16:40:00.000-05:00Michigan State Federal Credit Union too... from my...Michigan State Federal Credit Union too... from my postdoc years. Exactly what I thought at first too- a banking system for the little guy. Well- $33 dollar (what is it with 33?) overdraft charges appeared if you were even 1 cent overdrawn- in the course of transferring money from one account to another! No recourse, no possibility of reversal.<BR/><BR/>My wife and I have since discovered the value of the family-owned community bank. These banks do tend to be locally-minded with their investments, and have, on the whole, weathered the current financial crisis very well. There is also something to be said for them having withstood the temptation to be swallowed by an international Bankasaurus. <BR/><BR/>I have $300 overdraft protection now... and they, and not Citibank, hold my mortgage.<BR/><BR/>-Erich O <BR/>Marquette, MIAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-14733404.post-89743961505633070962009-02-02T21:49:00.000-05:002009-02-02T21:49:00.000-05:00When you've got a list of debits to hit your accou...When you've got a list of debits to hit your account they always draft the largest amount first and go from there. So all your outstanding debit total may only be a few dollars more than what you have in the account but when they take out the largest chunks first you end up overdrafted on a bunch of little stuff, each with its own fee. It's not like they don't know the chronological order in which you made the purchases, its just a big scam.nashvillemidwifehttps://www.blogger.com/profile/08102134266397964181noreply@blogger.comtag:blogger.com,1999:blog-14733404.post-58519018355500482762009-02-02T19:48:00.000-05:002009-02-02T19:48:00.000-05:00M: I'm willing to bet that one of the reasons man...M: I'm willing to bet that one of the reasons many banks have been glad to supply customers with those handy debit cards is because they're able to post withdrawal transactions in real time, whereas deposits still happen in bank time. <BR/><BR/>This was one of the ways we got screwed. It happened over the weekend--i saw where the charges got racked up over the course of a friday night, saturday day at costco, etc. and would have been unable to deposit a thing in order to arrest the decline. <BR/><BR/>J. L: We'll give 'em a look, Janet. Thanks.Bifflehttps://www.blogger.com/profile/13965722716159392121noreply@blogger.comtag:blogger.com,1999:blog-14733404.post-46810628368135210552009-02-02T19:37:00.000-05:002009-02-02T19:37:00.000-05:00arrrg. i remember feeling so angry when that happe...arrrg. i remember feeling so angry when that happened to us. we were already struggling and those charges made everything feel impossible. fortunately, the bank took away some of the charges (because of our big fat business loan) but didn't hesitate to charge often. the thing we figured out was that it depended on what time of day we deposited money vs. what time it was taken out (rent checks etc). just a few hours of difference between the transactions would have made all the difference... they didn't care how much we deposited.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-14733404.post-25469824908084583432009-02-02T17:05:00.000-05:002009-02-02T17:05:00.000-05:00Ah. The same thing happened to us last month when ...Ah. The same thing happened to us last month when Ouida was born. You may want to try Bank of America. I was able to get ours removed by mentioning that I'd just had a baby the week before. It helped that I went to the bank in person with 6 day old baby in tow (our first pubic outing). Yes, I shamelessly exploited my child for a $245 refund of overdraft fees. The best part was when the lady said she wanted to give me a break because she knew how much I needed that money for formula and (disposable) diapers; I didn't think it necessary to volunteer that my baby needs neither of those things.nashvillemidwifehttps://www.blogger.com/profile/08102134266397964181noreply@blogger.comtag:blogger.com,1999:blog-14733404.post-32717889799254717682009-02-02T16:00:00.000-05:002009-02-02T16:00:00.000-05:00Charleston Area Federal Credit Union. I've been w...Charleston Area Federal Credit Union. I've been with them for over 20 years and LOVE them!JanetLeehttps://www.blogger.com/profile/04351167841202171487noreply@blogger.comtag:blogger.com,1999:blog-14733404.post-22067888235738517412009-02-02T14:39:00.000-05:002009-02-02T14:39:00.000-05:00Michelle and I had the same thing happen to us whe...Michelle and I had the same thing happen to us when we first moved to Knoxville. We were broke, with our balance perpetually on the edge of positive. We made a similar series of mistakes, and were smacked with over $300 in overdraft fees- more than $100 of those $33 fees were leveled against overdrafts of less than $5. I groveled, begged, and otherwise generally humiliated myself in front of the branch mgr/automaton. I was heartily rebuffed. I asked if there was any sort of backup program in case this happened again. She offered me the chance to connect a credit card to my account so that any overdraft was charged. The minimum charge? $100. We are doing better now, and we have discovered that if you have some savings, those pigs are your best friend- selflessly offering to upgrade the account and sign us up for rebates and other free shit. I'd like to offer them the chance to get bent. That's a long-winded way of saying that we feel your frustration. Our bank will remain unnamed, mainly because it doesn't matter, because they are all predatory in their practices. After all- they've got to find a way to make as much money off the poor as they do the rich, don't they?<BR/><BR/>Matt S.Anonymousnoreply@blogger.com