I hate my Bank - part II

[Cheyenne]

When I changed banks from one that did not have overdraft.... I paid $29.00 for a coffee at StarBucks. I was so angry, but now i use the overdraft to my advantage. It helps when one is a single mum of 3.


You may want to go to the bank in person and speak with an elevated voice. They will be glad to help I am sure.

[tw]

To this day I will never understand why anyone would want a debit card. Your accounts are exposed - near zero protection. A debit card is all advantages to your bank - no vallue to you. Demonstrated here is why debit cards are nothing but problem. And so I ask, why would anyone use a debit card - not use a credit card?

[Beestie]

Originally Posted by tw

To this day I will never understand why anyone would want a debit card. Your accounts are exposed - near zero protection. A debit card is all advantages to your bank - no vallue to you. Demonstrated here is why debit cards are nothing but problem. And so I ask, why would anyone use a debit card - not use a credit card?

Bingo.

Originally Posted by tw

To this day I will never understand why anyone would want a debit card. Your accounts are exposed - near zero protection. A debit card is all advantages to your bank - no vallue to you. Demonstrated here is why debit cards are nothing but problem. And so I ask, why would anyone use a debit card - not use a credit card?

Because, tw, my long illness had the effect of destroying my credit among other things. No entity will now give me a credit card. With my current difficulty remembering spatial things correctly (including numbers), it seemed like a debit card would be the way to go. The bank led me to believe that I would get a transaction denied screen once I dropped to the magic -$100.00 point. Well, they lied. Lied to my very face. They don't consider me credit worthy enough for a credit card, but I am credit worthy enough to become $340.00 overdrawn with all the standard fines, fees, penalties and accessments. They can make beaucoup bucks off the people like me that way, so why should they extend us credit?

At this point, I am seriously thinking of going on a cash only basis.

Originally Posted by Jebediah

Your bank probably sent out some insert full of tiny print saying they were allowed to do that.

No, by the admission of one of their own tellers, they did NOT! "We NEVER tell anyone about that."

[WabUfvot5]

Originally Posted by marichiko

At this point, I am seriously thinking of going on a cash only basis.

Don't tell the bank that! They'll think you a nutjob. The threat of switching banks also means their competitor would gain.

No, by the admission of one of their own tellers, they did NOT! "We NEVER tell anyone about that."

The teller could be wrong, could mean they never tell you in person. I've seen plenty of blank looks from tellers when asking a simple question to know they aren't informed. Maybe your bank is different.

Your story does make me recall all those relatives who hid $... now they don't seem so crazy. Have banks always been sleazy?

Originally Posted by Jebediah

Don't tell the bank that! They'll think you a nutjob. The threat of switching banks also means their competitor would gain.

Heck, I'm gonna threaten to turn them into the Federal BAnk people. I was checking the rules last night, and their banking practices are highly irregular at best!

Originally Posted by Jebediah

The teller could be wrong, could mean they never tell you in person. I've seen plenty of blank looks from tellers when asking a simple question to know they aren't informed. Maybe your bank is different.

She was one of the head tellers and three other tellers were standing around listening to us at the time (it was a slow day), and none of them corrected her. Plus earlier when I had asked specifically about the amount of over-draft charges I could incur with the card, I was told $100.00.

Originally Posted by Jebediah

Your story does make me recall all those relatives who hid $... now they don't seem so crazy. Have banks always been sleazy?

Banks were better twenty years ago then what they are now. Your relatives might have grown up in the depression or had parents who did when a lot of banks went under and everyone who had money in them lost most if not all their savings.

[Cheyenne]

Originally Posted by marichiko

Banks were better twenty years ago then what they are now. Your relatives might have grown up in the depression or had parents who did when a lot of banks went under and everyone who had money in them lost most if not all their savings.

i remember as a little girl going to the bank with my trusty lil register book. the teller would write in it by hand. memmer you memmer?