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Hey were all going through some type of finacial strife. and I am no different, but come on.
Many people complain about the credit card companies and there fees. I am a beliver that you chose to sign and it is a choice but....when I bounce a check I pay and I pay good. Citizens bank, My bank seems to take a page from credit card companies. now its 40 bucks when i overdraw and they send the payment back, now the payments late another late fee 30 buck from say a finance company. it could stop there, but since the Cathy Schmidt the president of citizens specifically told me that there system pays the largest to smallest in debits, and she said it was to help protect the consumer cause they figured that a house payment would be more important, than say, groceries. so the sytem was set up that way. I say horse poop. I believe that it is so they can suck us dry at every chance.
if they pay the largest payment even if it was made after previous debits and checks they are more likely to charge multiple overdraft fees on three or four small item rather than paying all the little ones and charging one on the large amount. secondly there system is also set up to run all debits before deposits. so If my check was direct deposited and had a debit simotaneouly then would take before for they put my money in obviously compounding any difficulties. these are all choices that the banks have made, they made these policies. sounds like a screw job. the only way to win with a bank is to have enough money that you always have a balance enough to pay all your monthy bills, and when you've been bent over and done wrong they report you to the checks system which all banks can check to see if you have any money owed to a bank effectivly stopping you from getting an account any where else even if the charges were unjust. it seems that you are guilty till proving innocent. the trouble that has to be gone through to clear your name much like identity fraud is in many times not worth it and the innocent pays anyway to avoid issues. but I signed the paper and opened the account.
Banks need to learn that if there gonna make it on there own with me bailing them out after then took all the money I had. its all about customer service, its all about making us money which make them money, and keeps us banking with them.
I over drafted my acount for .32 cents which lead to my check not covering everything because they took 40 bucks out for the overdraft causing nearly 286.00 in fees for .32 cents and are refusing to return all because these policies. ohh yea to boot It took me 10 days to get all the needed extra money to pay and I was charged35 dollars for the account being in the negative more than 7 days