I usually call my bank about the overdraft fees and they usually put it right back into my account....even the one that was taken out 6 months ago and I bank with chase. Recommend you guys give your bank a call on those overdraft fees
I work at a credit union and was recently told by my manager that I refund too many of these fees and that by doing so I was "taking money away from our members."
Edit: also, all of my refunds are within the stated internal policy.
Edit edit: we also just went over the bonus structure for next year, and one of the bonus "multipliers" is how high of a balance our members carry on any line of credit/loan/credit card we open for them. The higher the balance on your credit card, the more money I make.
I haven't had an overdraft since August. I went into the bank for my normal day and spoke to someone in person. I explained that the issue was cause by me trying to prevent an overdraft and not realizing that what I was doing would cause the overdraft. (prior to this overdraft, my last had been in May.) They refunded me the overdraft fees since they did see that I had been working extremely hard on budgeting. Before the may overdraft I had one at least every third paycheck.
I really think overdraft fees are wrong, considering the bank already knows that these people have no money to take. I understand it's to be a deterrent, but $38 for a pennies over overdraft is crazy. If it's less than $5.00 they should just take it back on the next deposit, no over draft fee. If it's a habit they go more than $5 and it's not for some utility, housing, or grocery store purchase and they are doing it to scam the bank, then use the overdraft fees and fine them. If they can prove the over draft was a mistake for a living expense it should be waived and just taken from the next deposit.
hung139 on December 29th, 2019 at 17:27 UTC »
I usually call my bank about the overdraft fees and they usually put it right back into my account....even the one that was taken out 6 months ago and I bank with chase. Recommend you guys give your bank a call on those overdraft fees
shockandguffaw on December 29th, 2019 at 17:40 UTC »
I work at a credit union and was recently told by my manager that I refund too many of these fees and that by doing so I was "taking money away from our members."
Edit: also, all of my refunds are within the stated internal policy.
Edit edit: we also just went over the bonus structure for next year, and one of the bonus "multipliers" is how high of a balance our members carry on any line of credit/loan/credit card we open for them. The higher the balance on your credit card, the more money I make.
PatchworkStar on December 29th, 2019 at 17:49 UTC »
I haven't had an overdraft since August. I went into the bank for my normal day and spoke to someone in person. I explained that the issue was cause by me trying to prevent an overdraft and not realizing that what I was doing would cause the overdraft. (prior to this overdraft, my last had been in May.) They refunded me the overdraft fees since they did see that I had been working extremely hard on budgeting. Before the may overdraft I had one at least every third paycheck.
I really think overdraft fees are wrong, considering the bank already knows that these people have no money to take. I understand it's to be a deterrent, but $38 for a pennies over overdraft is crazy. If it's less than $5.00 they should just take it back on the next deposit, no over draft fee. If it's a habit they go more than $5 and it's not for some utility, housing, or grocery store purchase and they are doing it to scam the bank, then use the overdraft fees and fine them. If they can prove the over draft was a mistake for a living expense it should be waived and just taken from the next deposit.