Reader mail: Compass Bank on NSF fee rampage
Apparently a charge to my debit card for $87.47 put my account over $83.08.
This was the last Actual charge on my account on 4/07. According to compass accounting practices since this was a larger debit it was posted before other debits, 9 other debits to be exact. compass charged my account 9 NSF fees for $38.
There was a deposit of $500 posted on this day also but according to compass, deposits do not count until all debits have cleared. The weird part is there is a debit for $14.58 posted after the deposit. 9 $38 nsf fees posted on 4/08. Of course the fees posted first. Then more charges posted this day and everything cleared but the fees eating my $500.
On 4/09 anothe nsf fee for $38 appeared for who knows what. A $300 deposit posted on this day. This fee and for other debits each under $10 resulted in in 4 $38 nsf fees posting first on 4/10. 3 debits for under $10 were assessed fees. 4/11 3 more $38 nsf fees posted and a $3 dollar debit which resulted in another fee. A $360 deposit was posted on this day, but of coarse deposits don’t count until debits.4/14 one nsf fee posted 6 debits of which 4 were assessed fees.
4/15 4 fees 2 debits of coarse both were assessed fees. 4/16 2 fees and 1 deposit for $170. 4/18 1 draft on account which results in $38 fee on 4/21. On 4/21 a $45 overdraft fee was accessed. On 4.22 a large deposit was automatically made of which $371 was taken by fees.
On 4/07 a $83.08 overdraft cost me 26 $38 nsf fees and a $45 od fee.
The same day a deposit was posted that should have covered this whole mess. I called compass 10 times but each time I was told that these were legitimate bank charges.
I plan on picketing the bank that the account was opened at. I plan on calling every news station in town. Banks were supposed to keep our money safe not keep our money. I am thinking about buying a safe and going cash only.No money in the banks means no Banks.
Compass is supposed to be rebating my ATM fees and I have never seen a rebate. Compass doesn’t care about their customers they only care about the customers money.
That’s really incredible and you’re one of the few people who are able to review a bank statement. But, you also really need a reality check:
1) The banks have NOT been established to “keep our money safe.”
They are FOR PROFIT corporations.
WATCH the FREE videos on money and banking at http://creditfactors.com/resistance/
2) Sign up for the Common Good bank
Support the people who want to establish the kind of bank you’re looking for and SIGN UP!
3) Vote with your money.
If you have large unsecured debts and your pantry isn’t well stocked, consider NOT paying the banks anymore.
Unfortunately, none of the politicians care about the PEOPLE.
At this time, there’s not one person on the ballot who is sincere and NOBODY is talking about monetary reform, credit reporting and scoring, vile collection practices or any other important consumer issues.
The politicians are bought and paid for by the corporations and bankers and while there isn’t anything you can do about it, don’t waste your time campaigning.
CLUE: There is NO difference between the Democrats and Republicans.
It’s a dog and pony show.
You’re on your own, we’re in for tough times, so prepare accordingly.
It’s not the end of time, but don’t count on the government to help you out if you aren’t a bank executive.
Picketing and contacting news is a total waste of time. Focus on alternatives. I don’t know enough about this reader to make specific recommendations. Using only cash only is one alternative, but very expensive and risky. Credit is better if you qualify.
Debt is leverage and gives you the power to vote with your money.
If you know people who are struggling to keep up with credit card debt, make sure they know that they don’t HAVE to pay and that the creditors can’t squeeze blood out of a turnip. Each state has different laws for garnishment, so educate yourself and your friends and hit the banks where it hurts.
Posted by Christine on 04/23/2008 at 11:29 PM
2003 Suit (appealed, Experian filed credit reports on PACER) • Compass Bank - vile to the bone! • Reader mail • (0) Comments • Permalink
