Banks and their "fees"

[Townsend]

That's just weird.  You must have some bad juju or something.  In the years I've been using the ebill initiated billpay, I have never had a problem.  Same with my deposits.  Either that or Town and I are two exceptional cases...wait, what?

Yes, I'm excelsior.

I blame the juju.

[TulsaMoon]

After years with BoA I had it down pat as to when a check would be cashed using the bill pay system. Schedule a payment to X and Y and I knew when it would be cashed. One day I found my account overdrawn by 1200 bucks and of course I flipped. I looked at the account and found they deducted a check from the account that had not even been cashed yet by the company I sent it too and to top it off the company had not even received that check. When I inquired with BoA they explained that they had changed Bill pay. Certain items would be deducted and sent out as a cashiers check while others would remain as it had with a bill pay check. When I asked what items determine what type of check it would be they replied that it was random. They refused to credit back my account, so accounts closed that day. Years later I received a postcard in the mail pertaining to overdraft fee's charged by BoA and a lawsuit, a nice smile came to my face knowing why they were being slapped.


http://www.consumerismcommentary.com/bank-of-america-settles-overdraft-fee-lawsuit/

[sgrizzle]

That's just weird.  You must have some bad juju or something.  In the years I've been using the ebill initiated billpay, I have never had a problem.  Same with my deposits.  Either that or Town and I are two exceptional cases...wait, what?

I had things credit card bills and even my cell phone bill. Paid unattended for over a year then suddenly one month.. no payment. A couple of times BoA says they never got an email (the vendor said they sent one) and other times the e-bill is there, but it kicked nothing off. So in all cases I deal with cut-off notices, late fees, etc. BoA does nothing.

[Red Arrow]

BoA does nothing.

Well, nothing to help you.  They probably made money on it somehow.

[zstyles]

I guess my answer is if you don't like banks..don't use them....

I have used a credit union since I was 14 and owned my own lawn business...I don't think I have ever paid a penny to them for anything. I now use BOK for my business and its free....guess I dont see or know why people use BOA other than "thats just what their parents did or used"

[sgrizzle]

Well, nothing to help you.  They probably made money on it somehow.

Tons

[sgrizzle]

I guess my answer is if you don't like banks..don't use them....

I have used a credit union since I was 14 and owned my own lawn business...I don't think I have ever paid a penny to them for anything. I now use BOK for my business and its free....guess I dont see or know why people use BOA other than "thats just what their parents did or used"

I think they were sooner bank when I signed up.

[Hoss]

I think they were sooner bank when I signed up.

They were Bank4 for me, but my parents used that predecessor, 4th National.  I think my mom still has some old unused checks of theirs around somewhere...

It could have been worse; before moving back here and living in Houston I used First Interstate which I believed turned into Wells Fargo which I believe has been assimilated by someone else (can't remember who).  I HATED FIB but didn't get a chance to change banks until I moved back here.  I didn't have FIB for very long but they were the first I ever had that had a debit card.  The old Exxon stations were the only stations that took them where I could swipe at the pump.  They could also be used at the Randall's Food Markets (I think they don't even exist now).

[dbacks fan]

It appears that people are starting to let the banks know they are not happy with "fees".  Citi seems to only want big time depositers by charging $20 a month for a checking account unless you keep a balnce of $15,000.00 or higher. I'm leaving Chase for a regional bank here that is so much friendlier and doesn't have a mountain of fees.

http://money.cnn.com/2011/10/11/pf/bank_fees_switch/index.htm?hpt=hp_c1

http://money.cnn.com/2011/10/04/pf/citi_fee/?iid=EL

[Townsend]

Bank of America tweet:

In response to customer feedback we will no longer implement a debit usage fee: http://go.bofa.com/pn7l

[Hoss]

Bank of America tweet:

funny how that works...

[Townsend]

funny how that works...

Too bad it doesn't work like that in politics.

[we vs us]

Too bad it doesn't work like that in politics.

Maybe it's not so much that there's money in politics, it's that individual money buys so little. 

[Red Arrow]

funny how that works...

Tweeting or the potential to lose a lot of customers money?

[heironymouspasparagus]

I guess my answer is if you don't like banks..don't use them....

I have used a credit union since I was 14 and owned my own lawn business...I don't think I have ever paid a penny to them for anything. I now use BOK for my business and its free....guess I dont see or know why people use BOA other than "thats just what their parents did or used"

I'm with you.  I cannot understand why anyone would use anything other than a credit union for a personal account ever.  It is such a NO brainer that it literally astounds me the amount of effort and attention people expend dealing with a bank at all - example, this discussion.  How many man hours have been put in just with this talk about bad bank activity.  And anyone and everyone can join a CU.  I am in a couple for different purposes, and there just is no other alternative as good.  Tulsa Teachers (my favorite), Red Crown, Oklahoma Central - and there are others.  Pick one and remove the angst from your life!

Now, for a business account in Tulsa area - yeah, you gotta use a bank for business account, and in that case BOK might be ok - several family members have their business accounts there and are reasonably ok with it, but that still makes me wonder why anyone would use a bank other than F & M or maybe Arvest.  (Full disclosure - my business accounts have been with F & M for many years.  Have used Arvest in past, but not now.)