Although I agree banks have a right to charge overdraft fees on a check that has a lack of funds to settle or when you use a debit card without the necessary funds to cover the charge ,but I do not agree to some of their questionable practices. I have had two different experiences with banks over the years where one helped me out while the other one tried to pull a "fast one'. My first experience is with a bank that is no longer in existence, but treated me as a valued customer when I made an error in my checking ledger. I had debited my account in error and ended up owing a hundred dollars in over draft fees - which I could little afford. The bank manager spent several minutes helping me figure out my original math error and waived all over draft fees. The second incident involved a deposit being posted after a check was cleared even though I had deposited the check two or three days before the check was written. This was done on more than one occasion and so I decided to leave this bank. Sometimes I feel the banks are "laughing all the way to bank" instead of serving their customers and being upfront and honest in the beginning of the relationship.
LInkhttp://www.nytimes.com/2012/02/22/business/bank-overdraft-fees-to-be-scrutinized-by-consumer-bureau.html?_r=1&ref=businesshttp://www.nytimes.com/2012/02/22/business/bank-overdraft-fees-to-be-scrutinized-by-consumer-bureau.html?_r=1&ref=business
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