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Friday, June 20, 2008

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Jennifer

The banks are getting out of control and you have to keep on top of them. I deposited a sizeable Federal Income Tax return of approximately $1,800 and wanted the check to be deposited into a secondary account. I accessed on-line banking and saw the teller deposited the Federal check into the wrong account so I corrected the error with a transfer of funds. Sounds simple?

The bank tried to charge a $35 fee alleging the funds were not available for transfer. Needless to say I went right to the bank manager with concerns of predatory lending and I received a "courtesy credit".

At no time was I warned I would be charged a fee to make the transfer.

Even with on-line transfers or on-line transactions there should be some warning if the bank is going to charge a fee.

Also, when the terms of an account is randomly changed, I started incurring $15 monthly fees in January. The balance is well over the minimum required balances and I still can't getr an explanation of this monthly "service fee".

Eventually I will have the time and energy to go argue about it.

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