Old news, but news to me!

ryanjoachim

Per new federal regulations, banks and credit unions no longer will be allowed to charge overdraft fees on point-of-purchase debit card or ATM transactions unless customers sign up for the service.

Until now, most banks automatically enrolled customers in overdraft services, which could cost them up to $35 per instance, up to 10 times a day.

Now the bank can't take the $3 meal I bought and charge me $35 for it! I've always wanted the bank to just say "no" when I accidentally go over my amount.

nooshinjohn

They may not be able to charge for that anymore, but what is coming is so much more sinister. Hold on to your wallets folks as the fun has only just begun.

cstmar01

ummm honestly if you keep track of your money in your account you would never have a problem with ODing the acct. Also banks before had ways to allow you to opt out of the OD practice however people just either A never ask, B never bothered to research it or ask, or C take the time to acutally make sure they had the money in their account before they made a transaction.

I do work for a bank, and honestly if you keep track of your stuff, you will never have a problem. If I as a college student at the age of 22-23 years old can keep better track while barely having any money then I can asure you someone at the age of 50 that probably makes 10X's more than what I made can keep track. All it takes is a little work. A check register is not a thing of the past, use one. Honestly I have not OD'ed any of my accounts, even when having things outstanding ect, why? because I know what I'm spending and how much I have in there, not hard if your life is too busy to keep track, then maybe people shouldn't be spending the money. Take the time to write the crap down and you won't have a problem. End of story.

Or get Over draft protection, but once again you have to ask to have it happen you can't just assume.

Honestly as a stand point from working for a bank, doing customer care work while being in school its not like all banks are just out to get you. Sorry but thats not really how it is. We are a business too, and have to have cost ect and also want to make a profit, you don't like don't stay at a bank, but dont' always paint the picture that all banks are just evil trying to get the average Joe and stick them with 100 and 1000s of dollars in fees.

WilliamM2

One more reason I find debit cards to be worthless. Just use a credit card, pay it off each month, and get cash back as well. No need to worry about overdrafts, or whether there is enough in your account.

mrbigbluelight

cstmar01 wrote: »

.. If I as a college student at the age of 22-23 years old can keep better track while barely having any money then I can asure you someone at the age of 50 that probably makes 10X's more than what I made can keep track. .

Throw in kids, wife, in-laws, etc etc and you have the "X" factor.

dkg999

The other side of this is that if you don't sign up for the overdraft protection service your bank offers, then they will just bounce your ATM transaction if you don't have the necessary funds in your account.

ryanjoachim

dkg999 wrote: »

The other side of this is that if you don't sign up for the overdraft protection service your bank offers, then they will just bounce your ATM transaction if you don't have the necessary funds in your account.

This is what I would prefer to happen. I'm one of those "idiots" who only has a general idea of what is in his account at any point in time. That's how I' ROLL dudes!

j allen

I've got to say, I've had much better luck with tracking expenses and whatnot since I switched to a credit union. They have all sorts of useful tools that help you track things. Such as including, for instance, my credit card payment that is going to come out in two weeks on a statement, just as a reminder. Not to mention that I feel like I get treated more like a person and less like a number when I walk in the door...

cstmar01

mrbigbluelight wrote: »

Throw in kids, wife, in-laws, etc etc and you have the "X" factor.

thats fine. but when you are making a lot more money than someone say in college who lives close to the edge on their budget and the college student doesn't OD his account every week but the 50 year old that is making 10K a month will do it on a weekly basis then I think its more of a problem of the end user, NOT the bank.

I never understood that because you have a lot of things going on in life why you should forget about your money and expenses. I guess IMO one should know what they have, ect as then if your missing something its A a lot easier to figure out where it went, and B decreases the chance of theft because if your watching the money in your account and know what should be there, you can be on top of the ball.

Now thats not always true but when it comes to a checking/savings/money market account its a lot easier to know if something might be going on.

Oh and people seem to forget, you can OD your acct using a debit card, a check(s), ACH transaction, ect not just a debit card. All these things matter, keep track and maybe after you spend something taking 15 seconds to write it down in a little book called a check register goes a long way....once again...


as being in college, working a full time job and going to school full time and still having a social life and test ect and I can do it, even after going out to a bar,getting drunk, ect and still not OD my acct someone with a full time job and a child can do it, just takes a little wanting to do it rather than bitching about it.

ryanjoachim

cstmar01 wrote: »

thats fine. but when you are making a lot more money than someone say in college who lives close to the edge on their budget and the college student doesn't OD his account every week but the 50 year old that is making 10K a month will do it on a weekly basis then I think its more of a problem of the end user, NOT the bank.

I think your estimation of what the average person makes is a bit off...

I make almost $15.00 an hour, but I only gross around 17-18k a year because of my work schedule. The average person who over draws their account does so because they aren't sure they have enough money, but they still need to buy **** (insert item here).

In short, I think you're being a bit too "high and mighty" about how you've never OD'd your account. It's great that you haven't, but the people who have done it aren't "stupid" or "lazy" or "irresponsible" simply because they did.

Maybe i'm reading too much into your posts.

cstmar01

ryanjoachim wrote: »

I think your estimation of what the average person makes is a bit off...

I make almost $15.00 an hour, but I only gross around 17-18k a year because of my work schedule. The average person who over draws their account does so because they aren't sure they have enough money, but they still need to buy **** (insert item here).

In short, I think you're being a bit too "high and mighty" about how you've never OD'd your account. It's great that you haven't, but the people who have done it aren't "stupid" or "lazy" or "irresponsible" simply because they did.

Maybe i'm reading too much into your posts.

never said that the average person makes that amount of 10K a month, but I'm giving an impression of a trend I see commonly.

I worked while in college in a call center that I would take calls all the time regarding private banking customers, business customers, ect ect that would have a crap ton of money with us (trust me 10K a month is not a lot to see commonly while working there) and they would OD their acct all the time.

When you really see how people abuse the system, crap on a bank, and just completely don't give a crap about ODing their account yet scream at you that they should have all the fees waived then one would see where I'm coming from. When you OD your account you don't have the money, doesn't mean the bank will ever get paid that money back either, so yeah 35 bucks for a fee for something that you possibly will never pay back or ever return I don't think is a bad call seeing the person wasn't watching their account in the first place and caused it.

Honestly my point of view is that as a college student if I can do it while doing what I had for a schedule anyone can do it. I don't frankly care if you think I'm being high and mighty because I am not. I am saying that it takes a little bit of time out of someone's day to watch their stuff, if you can't do that, or don't want to bother with it, then really you shouldn't complain about a fee.

Its trying to get something for nothing. You didn't have the money to start with and are using money you don't have. If you didn't have the cash in your pocket would you go into a line of people, order food, and then say ops don't have the money but I still get the burger? No. Why because you have a debit card makes you think it should work differently.

I've seen it both ways, also people like to OD because that way they can use their card in an emgerency when they didn't have the funds to do so and would gladly pay a 35 buck fee to get money they dont' have. Is that fine, yep, but don't say the bank is ripping you off, or that you had some unjustice done to you because you spent more money than what you had because you didn't bother keeping track of things.

PS the average person doesn't OD their acct because they need things. Does someone really need to spend 500 bucks at a casino, does one really need that DVD or blue ray that very day, does one really need to go out to a bar and drop 150 bucks. Most people never really OD out of nessecity, its more out of carelessness to see what they have, and keeping track of things. If you think I'm wrong, please feel free to take a job in a call center, banking office, teller line and see for yourself.

heiney9

WilliamM2 wrote: »

One more reason I find debit cards to be worthless. Just use a credit card, pay it off each month, and get cash back as well. No need to worry about overdrafts, or whether there is enough in your account.

A debit card overdraft is no different than a CC over the limit fee. It's no different if you run your bank account low or your CC high. The same consequences apply and with the CC you get to pay interest on the fee's.

IMO, it's no different and not very good advice because in both scenario's you need to keep track of what you spend and make sure you don't overdraft a checking account or go over the limit on a CC, unless you have a ridiculous CC limit.

With the advent of on-line banking no one should ever doubt what they have in their account because you can get a balance the minute you use a debit card. The debit card is one the better banking tools ever invented.

H9

heiney9

cstmar01 wrote: »

never said that the average person makes that amount of 10K a month, but I'm giving an impression of a trend I see commonly.

I worked while in college in a call center that I would take calls all the time regarding private banking customers, business customers, ect ect that would have a crap ton of money with us (trust me 10K a month is not a lot to see commonly while working there) and they would OD their acct all the time.

When you really see how people abuse the system, crap on a bank, and just completely don't give a crap about ODing their account yet scream at you that they should have all the fees waived then one would see where I'm coming from. When you OD your account you don't have the money, doesn't mean the bank will ever get paid that money back either, so yeah 35 bucks for a fee for something that you possibly will never pay back or ever return I don't think is a bad call seeing the person wasn't watching their account in the first place and caused it.

Honestly my point of view is that as a college student if I can do it while doing what I had for a schedule anyone can do it. I don't frankly care if you think I'm being high and mighty because I am not. I am saying that it takes a little bit of time out of someone's day to watch their stuff, if you can't do that, or don't want to bother with it, then really you shouldn't complain about a fee.

Its trying to get something for nothing. You didn't have the money to start with and are using money you don't have. If you didn't have the cash in your pocket would you go into a line of people, order food, and then say ops don't have the money but I still get the burger? No. Why because you have a debit card makes you think it should work differently.

I've seen it both ways, also people like to OD because that way they can use their card in an emgerency when they didn't have the funds to do so and would gladly pay a 35 buck fee to get money they dont' have. Is that fine, yep, but don't say the bank is ripping you off, or that you had some unjustice done to you because you spent more money than what you had because you didn't bother keeping track of things.

PS the average person doesn't OD their acct because they need things. Does someone really need to spend 500 bucks at a casino, does one really need that DVD or blue ray that very day, does one really need to go out to a bar and drop 150 bucks. Most people never really OD out of nessecity, its more out of carelessness to see what they have, and keeping track of things. If you think I'm wrong, please feel free to take a job in a call center, banking office, teller line and see for yourself.

Chris, you are spot on for most individuals. I was in banking in one form or another for about 18 years as a teller, branch manager, loan officer, personal banker, etc. and you are spot on for the average individual. Do banks make mistakes......certainly, but not very often and if people don't take the time or care to learn how the system works then it's their fault. I had customers always playing the "float" game and when the lost they bitched at the bank. There is almost no more "float" to play anymore. I've been out of banking for about 10 years now, but I know the games people play and then try to blame the bank.

With today's on-line access, text alerts, etc there is no logical reason for people to be overdrawn and not know ahead of time. It's either absent mindedness, carelessness or they just do it on purpose and try to complain loud enough to get the fee's reversed.

H9

cstmar01

heiney9 wrote: »

Chris, you are spot on for most individuals. I was in banking in one form or another for about 18 years as a teller, branch manager, loan officer, personal banker, etc. and you are spot on for the average individual. Do banks make mistakes......certainly, but not very often and if people don't take the time or care to learn how the system works then it's their fault. I had customers always playing the "float" game and when the lost they bitched at the bank. There is almost no more "float" to play anymore. I've been out of banking for about 10 years now, but I know the games people play and then try to blame the bank.

With today's on-line access, text alerts, etc there is no logical reason for people to be overdrawn and not know ahead of time. It's either absent mindedness, carelessness or they just do it on purpose and try to complain loud enough to get the fee's reversed.

H9

Floating was annoying. The bank I work for stopped doing the float thing around 2008 and I think we were one of the last one's to do so. Man that was a terrible 2 months....never ever again do I want to have to go through that change...

Honestly bank's do make mistakes, however they often will correct them with no problem as long as you are civil with them. Screaming, yelling, name calling, throwing things, stating you will kill the person with something, stating that you will come to their house and kill their family ect will not solve your problems, nor get you anymore OD fees waived. More likely then not you will get a nice phone call from a security officer......

WilliamM2

heiney9 wrote: »

A debit card overdraft is no different than a CC over the limit fee. It's no different if you run your bank account low or your CC high. The same consequences apply and with the CC you get to pay interest on the fee's.

IMO, it's no different and not very good advice because in both scenario's you need to keep track of what you spend and make sure you don't overdraft a checking account or go over the limit on a CC, unless you have a ridiculous CC limit.

With the advent of on-line banking no one should ever doubt what they have in their account because you can get a balance the minute you use a debit card. The debit card is one the better banking tools ever invented.

H9

You must have a pretty small limit on your CC. I don't ever have to worry about exceeding mine, and if I did, the charge would not go through. There is no over the limit fee. If you read my post, there's no interest either, they pay me to use it.

KrazyMofo24

WilliamM2 wrote: »

You must have a pretty small limit on your CC. I don't ever have to worry about exceeding mine, and if I did, the charge would not go through. There is no over the limit fee. If you read my post, there's no interest either, they pay me to use it.

Good for you.

heiney9

WilliamM2 wrote: »

You must have a pretty small limit on your CC. I don't ever have to worry about exceeding mine, and if I did, the charge would not go through. There is no over the limit fee. If you read my post, there's no interest either, they pay me to use it.

I do have a smaller limit than most, I asked for it that way because I have little use for a CC beyond making reservations or buying things on-line to be protected. I was just commenting how people can have the same issues using a CC as a debit card if they are not careful. It's all about prudent money management and not spending what you don't have.

Goody for you your limit is high and you have no fee's or interest :rolleyes: Want a cookie?

H9

faster100

My take on the college person with little or no money never overdrafting. One answer, when your broke or low on money you tend to watch your money more closely. Specially if you work for a bank and "know better"

when we were struggleing for money years ago we never over drafted. surprisingly and honestly. Now we make alot better money these days ive goofed once or twice, and that's the truth. Not paying attention, 2 accounts at 2 banks, one for bills one for fun, couple savings accounts and its easy to slip up. Not the banks fault though,

bobman1235

Wow, lotta high-horse ridin' around here. Surprised the customer can see you behind the counter from way up there.

cstmar01

bobman1235 wrote: »

Wow, lotta high-horse ridin' around here. Surprised the customer can see you behind the counter from way up there.

how is any of it high horse riding?

Why because some of us have common sense and think that people should keep track of their money? And then yell and complain because they have none, or blame someone else for spending their money?


You wouldn't want to put money into a stock market without knowing how it works, so why should a bank be any different.

Also the college thing was an example. Sorry that my parents taught me even before I worked at a bank to watch my money and keep track of things.

I frankly could careless if someone doesn't like it, or someone doesn't like my way of talking. I really would encourage anyone that if they think ODin' an account is no big deal, and that the bank is sooo evil and just out to get the little guy all the time. Go work for one. Or hell even a credit union. They are non profit, and they still charge fees. Money is money, if you don't have it, you shouldn't be spending something you don't have, and how many times do people rip on the government for that one, but then yet, they go and do it every day.....pot kettle black.

Takes just a little wanting to learn rather than complaining to figure stuff out, but for the average person they would rather sit and whine than be proactive, or just try to say someone is playing high and mighty when they are not.

cstmar01

WilliamM2 wrote: »

You must have a pretty small limit on your CC. I don't ever have to worry about exceeding mine, and if I did, the charge would not go through. There is no over the limit fee. If you read my post, there's no interest either, they pay me to use it.

thats nice. who cares? you have a high limit big deal. Big limits does not equal smart spending....

bobman1235

Because it shows a complete lack of understanding of those who are struggling to make ends meet. I don't think anyone would argue that those who have a lot of money and spend it recklessly deserve what they get, but as someone who has had 41 cents in my account, and had some stupid five dollar fee suddenly pop up from my bank which then incurred a 35 dollar overdraft... yeah it frigging sucks. Of course it's "my fault" on some level, but it's not like I wanted to be poor at the time.

I t hink most people are at least reasonably responsible and know what's in their accounts, but **** happens, and it sucks if you accidentally make a mistake and suddenly a 3 dollar cup'o'soup ends up costing you two days pay in fees, when it easily could have been avoided if the bank just refused the transaction. But why would they? They can make money off of it.

The OP's point was that if you want to always have an overdraft in case you mess up, you can sign up for it. The idea that the bank automatically signs people up for it who so obviously cannot afford the overhead is wrong. No doubt banks are businesses and are out to make money, but there's a reason some businesses need oversight, and this is a perfect example.

cstmar01

bobman1235 wrote: »

Because it shows a complete lack of understanding of those who are struggling to make ends meet. I don't think anyone would argue that those who have a lot of money and spend it recklessly deserve what they get, but as someone who has had 41 cents in my account, and had some stupid five dollar fee suddenly pop up from my bank which then incurred a 35 dollar overdraft... yeah it frigging sucks. Of course it's "my fault" on some level, but it's not like I wanted to be poor at the time.

I t hink most people are at least reasonably responsible and know what's in their accounts, but **** happens, and it sucks if you accidentally make a mistake and suddenly a 3 dollar cup'o'soup ends up costing you two days pay in fees, when it easily could have been avoided if the bank just refused the transaction. But why would they? They can make money off of it.

The OP's point was that if you want to always have an overdraft in case you mess up, you can sign up for it. The idea that the bank automatically signs people up for it who so obviously cannot afford the overhead is wrong. No doubt banks are businesses and are out to make money, but there's a reason some businesses need oversight, and this is a perfect example.

once again. You are playing the role of a victim that just because the bank charges it and you don't have money gives you the excuse to OD the account.

There are tons of people who live on social security that goes into their account once a month and very little money at that. They don't have problems ODing their accounts so why is the little money an excuss. Its really not.

And do you not think that bank's do waive fees for people who do have a good history of not ODin' and try to help them out? But no paint the whole bank as some evil place that is just trying to suck your money from you.

Trust me, I would gladly help a person who really did have an error and messed up by accident. It does happen, its human nature. However most people are not like this, and the one time fee waiver happens to be a one time waiver every day, but once again you think that we are just trying to stick it to the little guy.

And if most people are reasonably responsible, then we wouldn't have this problem of ODing accounts now would we? because in the perfect world no one would ever get these fees and have problems with it. But its not so, and once again I would argue go work for a bank and see how responsible people really are with their money.

Just because you don't have money doesn't give you the right to use money you don't have. Use a credit card then, thats the perfect tool for someone to use money they don't have. I don't care if you have a lot of money and OD or are just scraping by, you are still using money YOU DO NOT HAVE THERE.

and once again. many banks offered you to remove yourself from ODin' on your checking acct before this law took effect, but either A too busy yelling at someone to waive fees to ask about it, or B never took the time to do so.

Personal responsiblity.

heiney9

bobman1235 wrote: »

Because it shows a complete lack of understanding of those who are struggling to make ends meet. I don't think anyone would argue that those who have a lot of money and spend it recklessly deserve what they get, but as someone who has had 41 cents in my account, and had some stupid five dollar fee suddenly pop up from my bank which then incurred a 35 dollar overdraft... yeah it frigging sucks. Of course it's "my fault" on some level, but it's not like I wanted to be poor at the time.

I t hink most people are at least reasonably responsible and know what's in their accounts, but **** happens, and it sucks if you accidentally make a mistake and suddenly a 3 dollar cup'o'soup ends up costing you two days pay in fees, when it easily could have been avoided if the bank just refused the transaction. But why would they? They can make money off of it.

The OP's point was that if you want to always have an overdraft in case you mess up, you can sign up for it. The idea that the bank automatically signs people up for it who so obviously cannot afford the overhead is wrong. No doubt banks are businesses and are out to make money, but there's a reason some businesses need oversight, and this is a perfect example.

Your scenario's here are the exception, not the rule generally speaking. Like I said I was in banking at many levels for a very long time. Also as far as refusing the transaction............it's stated in the account rules and regs. I suppose you think it's the banks fault because the customer didn't have enough sense to read the leaflet and ask questions.

ODP is very clearly laid out in the rules and regs you get during the account opening. Guess what, you can get a copy of the rules and regs and now you can read them on-line before you decide to open an account. What a novel idea, learn about how it works BEFORE you open the account. Oh wait, that's the banks fault too!!!

The only thing I strongly disagree with that banks do and can cause fees is how they choose to credit and debit an account. It was always std. practice to process deposits (credits) first and debits (checks) second. Some banks got sneaky and reversed this procees in order to rack up fee's. That type of manipulation is sneaky and wrong. I am not at all saying that the bank doesn't stack some processes in their favor, but as a consumer you need to do your due diligence and learn how things work.

H9

ryanjoachim

It's no use arguing with people who never mess up.

shack

The problem is that the person who overdrafts their account for a "3 dollar cup'o'soup" is probably costing the bank way more than they ever make on the account (even with the overdraft charge). The 80/20 factor is alive and well here. Banks make 80% of their money off of 20% of their customers. The average working person is typically a net loss to the banks. They would be much better off to refuse to do business with the majority of their average customers...unfortunately they would have their charters pulled if they tried to do that. This is why credit unions do so well with/for consumers. They are structured to handle the smaller customer....plus the fact that there are ZERO PROFIT MARGINS to attain. As long as they cover costs and can maintain a required reserve allowance...they are good to go.

I agree that banks have looked for many "creative" ways to generate income...many of which I don't agree with...even as an "insider". The automatic paying over of a debit card falls in that category. I am also not a fan of the "paying the largest item first" when a check driven overdraft occurs...but there is some rationale for that. But I also get tired of many consumers acting like banks owe them something because they put their paycheck in every month...because we are making so much money off of their account. News flash...even if you are paying a monthly service charge...even if you pay ATM fees...even if you have an overdraft...chances are we are losing money on the account. We can't charge enough to make you profitable (we could but you wouldn't pay it and the govt won't let us).

End of rant.

bobman1235

heiney9 wrote: »

Your scenario's here are the exception, not the rule generally speaking. Like I said I was in banking at many levels for a very long time. Also as far as refusing the transaction............it's stated in the account rules and regs. I suppose you think it's the banks fault because the customer didn't have enough sense to read the leaflet and ask questions.

Two bank insiders defending banks. Totally nonbiased.

Bank rules and regs are often on par with EULA's for length and amount of fine print. They're made so that people DON'T read them.

I'm sorry, but you guys are being just as obtuse about this as you're accusing me of being. You are hardened and bitter from years of dealing with the worst customers just like many of us who DON'T work for banks are hardened and bitter about **** rules and fees from banks. It's not a black and white issue but your credibility is ZILCH if you insist that banks aren't **** people over who can least afford to be screwed over.

I hope none of you ever have to deal with scraping by and seeing how hard it is to be as friggin' perfect as you are now.

heiney9

bobman1235 wrote: »

Two bank insiders defending banks. Totally nonbiased.

Bank rules and regs are often on par with EULA's for length and amount of fine print. They're made so that people DON'T read them.

I'm sorry, but you guys are being just as obtuse about this as you're accusing me of being. You are hardened and bitter from years of dealing with the worst customers just like many of us who DON'T work for banks are hardened and bitter about **** rules and fees from banks. It's not a black and white issue but your credibility is ZILCH if you insist that banks aren't **** people over who can least afford to be screwed over.

I hope none of you ever have to deal with scraping by and seeing how hard it is to be as friggin' perfect as you are now.

I am not an insider. Haven't worked in the banking industry for over 10 years. Anyone with a 5th grade education can understand the basic account rules and regs. If not, ask questions. Again I do feel the banks structure things to their advantage (a good business practice for a profit organization) and there are some shady area's but not so shady that the average person can't understand them.

People get bent over everyday and many times it's their own fault for not knowing what's going on. So you are saying the banks should just let people use money they don't have just so they can live? You should work in a bank for a couple months and see the kind of crap people pull.

Your down and out person with no job and no money is not the kind of people that cause problems. It's the people with no money who feel they should be able to buy a brand new pair of Air Jordan's when they can't put food on the table and the bank is just supposed to overlook the fact they have no money in their account for the Air Jordans but are somehow entitled to them. Those are 80% of the people who OD and then blame the banks.

I am in no way saying banks aren't at fault for structuring things to their advantage it happens and it can be shady as Shack pointed out. But much of the blame is on the consumer.

H9

cstmar01

You want to start doing the whole we don't know what its like to scrap by???

Get over yourself. Do you know what I did to "to get by" when in college? do you know what I made per year? No

So Shut the hell up.

I did what I needed to do. I worked my **** off, still made next to nothing and put myself through college for 4 years and worked a full time job or a part time job that I worked full time hours at and got paid like crap through most of it, worked very hard, and sometimes would pay my bills and have 10 bucks for food for 2 weeks. You talk like we owe you something and that I wouldn't know what its like.

NEWS FLASH. Banks also don't always pay everyone 40K a year like you must think. Get over yourself and your pitty party. I worked hard and got to where I am (and I'm no millionarie because of your OD fees). and still have room to grow and do better.

You talk as if the bank owes something to you because you don't make any money. Like Shack said you cost us money.

Simply answer this question. Why does a bank owe you to not charge you a fee for using money YOU DON"T HAVE???

seriously because you put a direct deposit into an account? Its a liquid account and doesn't get accounted for any sort of profit because the money goes in and out, the bank sees no profit.

and I'm such a big insider. Do you know what I currently do for a job? No. Do I have any say into what the corp does as a whole no.

Get over yourself.

shack

bobman1235 wrote:

Two bank insiders defending banks. Totally nonbiased.

Bank rules and regs are often on par with EULA's for length and amount of fine print. They're made so that people DON'T read them.

I'm sorry, but you guys are being just as obtuse about this as you're accusing me of being. You are hardened and bitter from years of dealing with the worst customers just like many of us who DON'T work for banks are hardened and bitter about **** rules and fees from banks. It's not a black and white issue but your credibility is ZILCH if you insist that banks aren't **** people over who can least afford to be screwed over.

I hope none of you ever have to deal with scraping by and seeing how hard it is to be as friggin' perfect as you are now.

Total ****! I,ve been on both sides as both a banker and a board member of Consumer Credit Counseling...helping those folks that are in serious financial trouble. I know what I am taliking about...

Whatever....I've had my say and I'm done with this one.

ryanjoachim

Ok, time to shut this thread down, as it's become nothing more than a rage-fest. I didn't realize I would stir up this pot with my post, but now I've learned a lesson.