Comments on: Forget Drugs the Feds are Cracking Down on Overdraft Fees

By: SN

SN — Thu, 10 Jun 2010 02:55:38 +0000

Come on people…you spend $$ you do NOT have. The banks cover the cost and save you have being the merchant for that bounce ck / purchase. OPT OUT and you can save the OD Fees, but be prepared to have what ever you want to be declined. Budget your money. Math 101 for dummies is a great book to read….

By: Babygrl88

Babygrl88 — Mon, 16 Nov 2009 14:21:41 +0000

@ shay

PREACH!!! lol

By: blackgirl

blackgirl — Sat, 14 Nov 2009 04:12:46 +0000

THANK GOODNESS!! If I use my debit card on the weekend I am undoubtedly going to incur 21 dollar charges. I call and have absolutely no recourse. I’m just set back 100 dollars in overdraft fees. This is “shiesty” period. It has nothing to do with you keeping up your account. Miscalculate and you still get overdraft fees. There needs to be some kind of dispute process or regulation on these overdraft fees. In this economy, people just don’t have it to be going through all this nickel and diming.

By: greedyhustler

greedyhustler — Sat, 14 Nov 2009 01:43:12 +0000

that awesome just last week i just paid bank of America $200 for overdrawn fees. i don’t mind they charged people for it come on 35 dollars each time is ridiculous.

By: Shay

Shay — Sat, 14 Nov 2009 01:19:50 +0000

Just taking off the flag that allows a customer to go negative doesn’t fix the problem. I work in a bank and part of my job is opening accounts and continued customer service. I talk to customers until I’m blue in the face telling them what to do and not to do to avoid fees. I even remove the overdraft flag on some customers when I see a problem. That being said I still get 10 calls a day about blatant and on purpose overdrafts. The same customer that I removed the flag because of complaints will actually call me days later and ask why they can’t buy the $400 set of tires they need for an emergency even though they only have $50 in their account. I’m also tired of hearing that banks “prey” on the poor and uneducated. Why is it that my poor mentally challenged customers NEVER go negative? Is it because they don’t have $400 car notes, $90 cable bills, $200 cell phone bills? If you’re living above your means it’s not the banks fault. If most people went through their statement and cut back on the things that caused them to go negative they wouldn’t have any problem.

By: debtgazette

debtgazette — Fri, 13 Nov 2009 23:45:10 +0000

The banks though I don’t think are going to just sit by and see all this money go out the window without any response. They are all about their bottom line and are now going to have to make up this lost revenue somehow. What we can expect from them is now they will start charging for other services such as simply having a checking account.

The people that manage their accounts well and never come close to having an overdraft charge are the ones that are going to suffer. These people are the ones that are going to pay the price for the seemingly less responsible people. Isn’t that how it works with everything in this world though? Why should this be any different? The people that do things the right way often seem to have to pay the price for those that can’t manage themselves. Its not entirely those people’s fault either. Its also the banks fault for getting too greedy with the overdraft system. They saw a great source of profit, and exploited it to the extent that something had to be done about it.

Check out my blog on the Fed’s crackdown on the overdraft cash cow at…. http://www.thedebtgazette.com/2009/11/feds-crack-down-on-overdrafts/

By: B

Fri, 13 Nov 2009 22:55:59 +0000

When the business of the economy was doing good every race group was making cash up the butt. Do not come crying cause you didn’t keep your eye on the ball. No one told you poor people to get a home loan when you knew you could not afford it.
The economy during the mortgage hype was well over 65 trillion dollars.That is wall street money. Not real money. and therein lies the crux of the matter.Or economy is optimized by complex financial models on wall street. We don’t live on REAL MONEY. You just don’t understand. You Americans are so stupid. You are day and night dummies.
Did you know that in the past 30 years America spent more on drugs than the current national debt? You are sick people.
Right now every race group is selling illegal drugs in America. And here is something to thin about. Do you know what is in the drugs other than what you can get off of wikipedia? You would be surpised to find out that biological ingredients were being added to the drug supply. Oh what a scandal. And black folk for instance sell drugs like there is no tomorrow and making big money. Bling bling. Cars, shoes homes etc. Yeah, you lovin it now until the day of reckoning hits you and you’ll be crying like little sissies to washington. But everything leading up to that would be heavenly. This is a dead empire.

By: Poca

Poca — Fri, 13 Nov 2009 21:55:15 +0000

All I can say is: “AWESOME”!!!!!!!
Banks are off the hook!
I keep my $ stashed under my Tempur-Pedic Mattress!
No OD fees, charges, etc…

By: Souljagir

Souljagir — Fri, 13 Nov 2009 21:19:08 +0000

well I will say this when you make a purchase a company has 60 days to process the bin ticket and while your bank will set the money aside and you look online and see it accounted for if the ticket for the purchase at that company isn’t processed after 24 hours it’s placed back in your account and unfortunately you may spend the money with out knowing and thus you may have thought you were spending what you have when you actually don’t have it and the banks make off with the over draft fees just ask bank of america, sun trust and wachovia they’re the worse. I worked at the Federal reserve board in Dc where they hold their tri monthly FOMC (look it up people) meeting and they vote on interest rates and things like this. unfortunately it’s not completely on Obama! Stop pressuring that man and to avoid fees do what your grandma and ‘nem did, use cash there’s no over draft in that! -My two cent!

By: A Soror

A Soror — Fri, 13 Nov 2009 19:26:36 +0000

Get Real

I love that sign, “BAILOUT PEOPLE NOT BANKS”. I personally think that is the reason that Obama will be a one term president. He has give 700 billion to banks & Wall St. These are the greedy bastands who bankrupt America & you expect them to do the right thing with bailout money. Every week CNN has a new story about how our bailout money is being used for excessive executive vacations including private jets. Not to mention remodeling of CEO offices which included a $6,000 shower curtain. Nothing is being done about these foreclosers. Is Obmama truly a democrate cause 1yr into in presidency, he has only helped the rich.

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ACTUALLY Bush is the one who gave the bailout to Wall Street. Comprehension is fundamental people!