Banks are Going to Get Spanked

[MrAngryFace]

http://redtape.msnbc.com/2007/06/bank_overdraft_.html#posts

Well, help may be on the way. Two major studies are being conducted to examine bank bounced check practices -- one by the Federal Deposit Insurance Corporation and one by the General Accountability Office, Congress’ investigative arm. Federal legislation introduced by Rep. Carolyn Maloney, D-N.Y., would bar many current bank overdraft practices. And a congressional hearing is planned for later this summer to highlight abuses of the practice.

"Congress should help rein in the billions of dollars in hidden overdraft fees that bank customers are forced to shell out every year,” said Maloney, who chairs the House Subcommittee on Financial Institutions. “Hidden overdraft fees are unfair, and fairness is an essential component of a safe and sound banking system.”  

[hyp]

get your money out of washington mutual.  my tax dude was saying they're on the road to nowhere w/ their outrageous loan programs

[FlameOfCallandor]

Two words: Credit Unions

[ToxicAdam]

At my bank, once you have an account of 50k+, they upgrade your account to "premium" and waive all check cashing fees/charges. Now, I bounce checks left and right. 

[Tauntaun]

get your money out of washington mutual.  my tax dude was saying they're on the road to nowhere w/ their outrageous loan programs

what about wachovia?

[nufaust]

get your money out of washington mutual.  my tax dude was saying they're on the road to nowhere w/ their outrageous loan programs

what about wachovia?

wachovia's(happens to be corp i work for) business is good, we are constantly expanding (although that fckn bank of america fells like they have to cockblocks us every freakin time),hiring tons of new pppl , increasing profits, etc
long story short keep your money with us, so i can continue to make 700$+ videogame purchases without my wife strangling me.

[MrAngryFace]

IM so LAZY, I need to take my money out of wamu tho; youre right.

[Saint Cornelius]

Citibank!

[Christopher]

get your money out of washington mutual.  my tax dude was saying they're on the road to nowhere w/ their outrageous loan programs

what about wachovia?

wachovia's(happens to be corp i work for) business is good, we are constantly expanding (although that fckn bank of america fells like they have to cockblocks us every freakin time),hiring tons of new pppl , increasing profits, etc
long story short keep your money with us, so i can continue to make 700$+ videogame purchases without my wife strangling me.

I'm going to have to agree with this post.

[Mupepe]

It took 3 and a half months for Wachovia to give me money back that was stolen from my account.....

[max_cool]

It took 3 and a half months for Wachovia to give me money back that was stolen from my account.....

It took Chase ~2 weeks and I thought that was a long time.

[Mupepe]

That's not even the worst part.  How is this argument for ya....

"Well, Wal Mart and Best Buy said that they have no records of the transactions ever occurring in the system."

"So what you're saying is that the money that's not in my account was never actually spent?  THEN FUCKING GIVE IT BACK"

[drozmight]

USAA... bitches.

[futami]

At my bank, once you have an account of 50k+, they upgrade your account to "premium" and waive all check cashing fees/charges. Now, I bounce checks left and right. 

with 50k in the bank, how are you bouncing checks?

[ToxicAdam]

At my bank, once you have an account of 50k+, they upgrade your account to "premium" and waive all check cashing fees/charges. Now, I bounce checks left and right. 

with 50k in the bank, how are you bouncing checks?

Money Market, CD's, business checking accounts. I only keep about 1-2k in my personal checking.

[Human Snorenado]

At my bank, once you have an account of 50k+, they upgrade your account to "premium" and waive all check cashing fees/charges. Now, I bounce checks left and right. 

with 50k in the bank, how are you bouncing checks?

Money Market, CD's, business checking accounts. I only keep about 1-2k in my personal checking.

Well, you're probably just having money shifted from those other accounts to cover your overages then.