Bank of America is a ****in' racket

[asdf2231]

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=105x8036227

XemaSab  (1000+ posts)       Wed Aug-20-08 07:56 PM
Original message
Bank of America is a ****in' racket
So I'm out of money.

I knew I was getting close to the bottom of the barrel, but I spent 8 bucks and 3 bucks I didn't have.

SEVENTY ****IN' DOLLARS in overdraft fees, for eleven lousy bucks.

****.

XemaSab  (1000+ posts)       Wed Aug-20-08 08:04 PM
Response to Reply #1
2. It's a ****in' poor tax is what it is
 Now instead of being 11 dollars in the hole, I'm 80 dollars in the hole.

I don't have that money. I really am feeling overwhelmed by this.

XemaSab  (1000+ posts)       Wed Aug-20-08 09:38 PM
Response to Reply #7
12. I realized what the three bucks was for
 2 cokes.

LOL!

datasuspect  (1000+ posts)      Thu Aug-21-08 08:26 AM
Response to Original message
28. sweetie - AMERICA is a racket
 one big predatory stinky racket.

[Bondai]

It is always someone elses fault, DUmmies never change....

[bijou]

So he used a debit card to pay for 2 cokes? Perhaps he will learn that, when you have very little money, it is good to budget wisely.

[FlaGator]

So the OP knew he was out of cash and spent the money anyways? Brilliant!

[asdf2231]

So the OP knew he was out of cash and spent the money anyways? Brilliant!

OBVIOUSLY you missed where he bitched about the POOR TAX?

He's a victim of THE MAN!

[ScubaGuy]

XemaSab  (1000+ posts)       Wed Aug-20-08 08:04 PM
Response to Reply #1
2. It's a ******' poor tax is what it is
 Now instead of being 11 dollars in the hole, I'm 80 dollars in the hole.

I don't have that money. I really am feeling overwhelmed by this.

No DUmmie, It's a stupidity tax.

Simple way to not have to pay the stupidity tax is DON'T SPENT IT IF YA AIN'T GOT IT!

[DumbAss Tanker]

What a moran!

 

[USA4ME]

Big bag of Cheetos - $8
Two Cokes - $3
Overdraft fees - $70
DUmmie blaming everyone except their own incompetence - Priceless!!!

.

[FlaGator]

So the OP knew he was out of cash and spent the money anyways? Brilliant!

OBVIOUSLY you missed where he bitched about the POOR TAX?

He's a victim of THE MAN!

I work for BofA so I guess that would make me THE MAN! Sweeeet!

[Chris_]

Big bag of Cheetos - $8
Two Cokes - $3
Overdraft fees - $70
DUmmie blaming everyone except their own incompetence - Priceless!!!

.

$70 does seem a bip pricey for one overdraft.  Must have done it twice...$35 each is probably about right.

[BEG]

So he used a debit card to pay for 2 cokes? Perhaps he will learn that, when you have very little money, it is good to budget wisely.

I use my debit card to pay for everything, I hardly ever have cash on me but I'm fairly certain I could scrape three bucks out of the bottom of my purse for a couple of cokes.  I feel stupid using my debit card for anything less than $15.  I don't know why I set the level at $15 but it feels really weird using my debit card for anything less than that. 

[Lord Undies]

Big bag of Cheetos - $8
Two Cokes - $3
Overdraft fees - $70
DUmmie blaming everyone except their own incompetence - Priceless!!!

.

$70 does seem a bip pricey for one overdraft.  Must have done it twice...$35 each is probably about right.

but I spent 8 bucks and 3 bucks I didn't have.

Yep.  Two transactions.  $35.00 each.  

Unless this is SOP for this DUmmie, he/she can call the bank and chances are they will refund one of the charges.  He/she should call anyway.  

The answer is always no unless you ask.  If you ask, you have a 50/50 shot at getting the answer you want.  

[Zafod Beeblebrox]

Does anyone know how to balance a checking account anymore?

I have only paid overdraft fee's once in my life and I learned to keep track of my money.

Guess what bank it was that I got charged? Bank of America.

[Lord Undies]

So he used a debit card to pay for 2 cokes? Perhaps he will learn that, when you have very little money, it is good to budget wisely.

I use my debit card to pay for everything, I hardly ever have cash on me but I'm fairly certain I could scrape three bucks out of the bottom of my purse for a couple of cokes.  I feel stupid using my debit card for anything less than $15.  I don't know why I set the level at $15 but it feels really weird using my debit card for anything less than that. 

I felt that way for a long time.  I would buy two and three items when I wanted only one.  I was increasing my spending to satisfy some sort of insecurity/embarrassment I felt about using an electronic transaction to pay a "trivial" amount.  

I had a long talk with myself and realized my embarrassment stemmed from the idea I didn't want some clerk to think I couldn't scrape up $3 or whatever in cash.  Then I slapped myself and said, "What The HELL???".  

Now I realize that in this electronic age, I don't owe anyone an explanation or a prosperous face.  It's all my money and I'm not asking for a loan.

[Willow]

[GOBUCKS]

This DUmmy has graced us with a monumental display of moonbat stupidity. He apparently expected Bank of America would be happy to front him the eleven bucks for soft drinks and Cheetos. Turns out they were, but at a price. Hey DUmmy, BoA isn't the same as DaD and MoM!

I'm embarrassed to admit an initial twinge of sympathy for what a desperate situation this DUmmy has put himself in. Can you imagine feeling "overwhelmed" by an $80 debt? Happily, that twinge was quickly overcome by his vulgar ignorance and sense of entitlement.

[BEG]

Does anyone know how to balance a checking account anymore?

I have only paid overdraft fee's once in my life and I learned to keep track of my money.

Guess what bank it was that I got charged? Bank of America.

I bank at Bank of America as well.  I have never gotten an overdraft fee from them.  I did use to overdraft my account all the time, but that was when I was 17 and I first opened a checking account after I got a job and I NEVER balanced my account.  I use to think that having checks left meant I had money in the bank.  The first year I had a bank account I would get an NSF fee about every other month.  It took about a year of NSF fee's but I did finally learn....what can I say, I'm a slow learner.

[BannedFromDU]

It is always someone elses fault, DUmmies never change....

Anyone who cuts their finances that close has no business using electronic methods of payments.

That $35 in overlimit fees? Helps pay for the people and infrastructure that makes it possible for someone WITH NO ****ING MONEY to masquerade as SOMEONE WHO HAS MONEY.

[FlaGator]

Does anyone know how to balance a checking account anymore?

I have only paid overdraft fee's once in my life and I learned to keep track of my money.

Guess what bank it was that I got charged? Bank of America.

I bank at Bank of America as well.  I have never gotten an overdraft fee from them.  I did use to overdraft my account all the time, but that was when I was 17 and I first opened a checking account after I got a job and I NEVER balanced my account.  I use to think that having checks left meant I had money in the bank.  The first year I had a bank account I would get an NSF fee about every other month.  It took about a year of NSF fee's but I did finally learn....what can I say, I'm a slow learner.

If you call and you don't overdraft very often we'll return NFS fees. The fee is mainly for habitual offenders.

[Miss Mia]

So he used a debit card to pay for 2 cokes? Perhaps he will learn that, when you have very little money, it is good to budget wisely.

I use my debit card to pay for everything, I hardly ever have cash on me but I'm fairly certain I could scrape three bucks out of the bottom of my purse for a couple of cokes.  I feel stupid using my debit card for anything less than $15.  I don't know why I set the level at $15 but it feels really weird using my debit card for anything less than that. 

Ehh, I don't feel bad.  I use my debit card all the time.  Usually the only time I have cash, is when I'm picking up lunch and someone gives me cash for theirs and I pay the whole thing on the debit card. 

The only place where I'll purposely buy more than what I was wanting it as my little neighborhood grocery store.  I don't like charging just a couple of bucks there, so I'll buy a few things at a time and go less often.  I like the guys that run the place. 

[Zeus]

One thing I've found strange about them Debit cards. Transactions with my card can be processed as a debit or a credit transaction at POS but still treated as a debit to my checking acct at the bank. For some strange reason the receipts for transactions wrung up as a credit are easier to read (printed with darker ink) and don't fade as fast. Now I have all transactions processed as a credit.

[Splashdown]

I hope they were gooooooooooooooooood Cokes! 

[EastFacingNorth]

One thing I've found strange about them Debit cards. Transactions with my card can be processed as a debit or a credit transaction at POS but still treated as a debit to my checking acct at the bank. For some strange reason the receipts for transactions wrung up as a credit are easier to read (printed with darker ink) and don't fade as fast. Now I have all transactions processed as a credit.

My first debit account was set up so that, whenever I did a debit transaction, it counted as a check against my monthly limit of how many checks I could write (I think it was 10 a month without any fees or something like that).  One month I looked at my statement and saw all these check fees and didn't know what was going on, so I asked the bank branch rep and he explained how it worked and advised that I just use it as a credit card.  Apparantly the credit transactions don't clear as quickly since they have to go through the Mastercard payment system, but as long as you keep a ledger that isn't a problem.

[Miss Mia]

One thing I've found strange about them Debit cards. Transactions with my card can be processed as a debit or a credit transaction at POS but still treated as a debit to my checking acct at the bank. For some strange reason the receipts for transactions wrung up as a credit are easier to read (printed with darker ink) and don't fade as fast. Now I have all transactions processed as a credit.

My first debit account was set up so that, whenever I did a debit transaction, it counted as a check against my monthly limit of how many checks I could write (I think it was 10 a month without any fees or something like that).  One month I looked at my statement and saw all these check fees and didn't know what was going on, so I asked the bank branch rep and he explained how it worked and advised that I just use it as a credit card.  Apparantly the credit transactions don't clear as quickly since they have to go through the Mastercard payment system, but as long as you keep a ledger that isn't a problem.

You have a limit on how many checks you can write a month?  I've never heard of that before. 

My credit union used to charge me $5 a month for having a checking account.  Then a few years ago, I went in because I had lost my debit card and they put me on the "free" account. 

A debit transaction hits my account immediately.  If I run it like a credit card, it takes 3 days to clear out, but the money for a credit purchase is immediately put into pending transactions. 

[Zeus]

One thing I've found strange about them Debit cards. Transactions with my card can be processed as a debit or a credit transaction at POS but still treated as a debit to my checking acct at the bank. For some strange reason the receipts for transactions wrung up as a credit are easier to read (printed with darker ink) and don't fade as fast. Now I have all transactions processed as a credit.

My first debit account was set up so that, whenever I did a debit transaction, it counted as a check against my monthly limit of how many checks I could write (I think it was 10 a month without any fees or something like that).  One month I looked at my statement and saw all these check fees and didn't know what was going on, so I asked the bank branch rep and he explained how it worked and advised that I just use it as a credit card.  Apparently the credit transactions don't clear as quickly since they have to go through the Mastercard payment system, but as long as you keep a ledger that isn't a problem.

You have a limit on how many checks you can write a month?  I've never heard of that before. 

My credit union used to charge me $5 a month for having a checking account.  Then a few years ago, I went in because I had lost my debit card and they put me on the "free" account. 

A debit transaction hits my account immediately.  If I run it like a credit card, it takes 3 days to clear out, but the money for a credit purchase is immediately put into pending transactions. 

The convenience store I frequent here in town is strange in that regard. Sometimes the credit clears before I can get to my car.Other times it takes 2 - 3 days. Same with Pending transactions(which is hit or miss also)if a transaction is pending sometimes it's only for a day one was pending for almost a week. The feds stopped the consumer from taking advantage of the "Float" years back but obviously it's still a practice for business.