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I hate banks...


Kain

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So I look at my account yesterday and I'm dangerously close to an overdraft because I forgot about a $20 charge I did a couple days before. Uh oh, so I got throw in $20 to my account, bringing me back from the brink of ****eddom. Yea, so I just woke up and guess what I find! $26 overdraft charge.

 

 

Yay.

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overdraft means you tried to withdraw/pay for something and essentially you didn't have enough money in there to begin with.

 

 

and kain i just realized that SOME funds aren't available until 24 hrs after deposit, but that's usually for paychecks and i wouldn't think it'd be associated with cash but that may have been what happened

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Also, just FYI for the uninitiated, it seems that standard operation procedure for all banks is that they process the largest payment from your account first.

 

Why do they do this? Well, if you would happen to not have enough money for the largest transaction, but could cover all of the smaller payments combined (if they were processed first), this would garuantee that you would get hit by not 1, but MULTIPLE overdraft charges for each payment.

 

To illustrate:

 

say you have $100 in your account (translate that into whatever your local currency is; pounds, francs, rupees, yen, clam shells...).

You have the following payments (in this order):

$10 gas

$5 lunch

$20 t-shirt

$105 books

 

Bank will process that in this order:

$105 books

$20 t-shirt

$10 gas

$5 lunch

 

Thusly, you get 4 overdraft charges instead of only 1. :mad:

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Yep me too...I dont trust those sneaky little people in those fancy cloths. Thats why I keep my 10 grand in 20 rusted coffee cans under the floor of my house. And for security, ive got a few of those huntin dogs and a shot gun close by.

 

 

LOL....I just had to say that :D!

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i hate banks. Although i have to say that now that i have moved to internet banking (IF in the UK) things are much less hassle as i can keep an eye on stuff, move money around and set up automated movements without having to deal with idiotic bank staff.

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Originally posted by Kain

I called em and they fixed it. DAMN STRAIGHT!! THEY ARE THE FIRST TO FEAR MY WRAITH!!

 

you mean your WRATH right ? :p

 

just add them to the database of "People Kain will kill when he rules the world" do they get to go above or below me and zee ? :p

 

yeah, banks do suck, just do what my grandma did, hide $50,000.00 under her mattress....

 

mtfwbya

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My bank will not only charge $27 in overdraft charges, but it will charge you $5 a day until you "adjust your account". My favorite bit of crap, is that even if you have enough $ in your account, they will not cash a personal check written to you unless you have at least that amount, plus the minimum balance. What a bunch of crap. Want to hear another good one? They deposit all of your checks on the same day, so if you write one bad check, all of them will bounce, and they can charge you $27 for each check written.

 

Want to put banks out of business? Join a credit union.

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Originally posted by Astrotoy7

you mean your WRATH right ? :p

 

just add them to the database of "People Kain will kill when he rules the world" do they get to go above or below me and zee ? :p

 

yeah, banks do suck, just do what my grandma did, hide $50,000.00 under her mattress....

 

mtfwbya

 

 

hmm....so is the money still there and can i have directions to her house for no reason at all?

 

 

and they'd better go below us or else! i'll come up with something later

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