I think I may have learned a money lesson - Page 2

Jenson71 · 05-07-2007, 11:02 AM

I had $290 in my checking account. Then there's a monthly fee ($8.56). So I'm down to 281. I pay a university bill off that was $278. And then I don't put any money in. But another month comes and now I'm negative (because of the monthly fee)! I'm $5 in the hole, so as soon as I saw this, I transferred some money over to my checking account.

The next thing I see is I have a $305 overdraft fee charged to my credit card bill! Does this sound right?

That's quite an expensive (and stupid) mistake.

Mr. Plow · 05-07-2007, 01:33 PM

Quote:

Originally Posted by Jenson71

The next thing I see is I have a $305 overdraft fee charged to my credit card bill! Does this sound right?

$305 overdraft charge? Are you saying they deducted the original amount plus added the overdraft fee or are you saying the deducted the original amount and then deduct a $305 overdraft fee?

If you paid $305 for an overdraft, you may consider blowing the bank up. Or at least use some antifreeze.

Ultra Peanut · 05-07-2007, 01:45 PM

CoMoChief · 05-07-2007, 02:13 PM

WTF is there a fee for? Go to Commerce bank, they have free checking.

1. Do what Phobia said. Talk to a bank rep and try to talk to them to get the overdraft fees back.

2. Once that happens take all the money out of you bank and cancel the account and go to Commerce Bank and create a new account.

Delano · 05-07-2007, 02:20 PM

Quote:

Originally Posted by Ultra Peanut

These WWE .gifs are adding a new dynamic to Chiefsplanet. Keep it up!

**the Talking Can** · 05-07-2007, 02:21 PM

call the police, you got raped

**Bugeater** · 05-07-2007, 04:05 PM

Are you sure you don't have some kind of overdraft protection that uses your credit card as a backup? Check your checking account balance again, the $300 may have been deposited in there. If that's a service fee, that bank should be blown up.

Coach · 05-07-2007, 04:13 PM

Why is there a service charge in the first place, if for two reasons:

1. That your balance is over $100
2. Do you have direct deposit? If so, then the bank shouldn't charge you the monthly service, just becuase.

PhillyChiefFan · 05-08-2007, 02:43 PM

Commerce bank is good. Check E-Trade too. They just rolled out a savings account with a 5.05% interest rate and a checking account with 3.25%, no fees no minimums on the savings. The checking account you have to have direct deposit of 200 a month.

As for the bank, agree with CoMoChief, threaten to take your business elsewhere, odds are they will wipe off the at least some of the charges. They want to try to keep you as a customer. Hope that helps a little bit.

05-08-2007, 02:46 PM

Commerce is KC Metro only to my understanding. He can't switch to them. I use Bank America, FWIW.

**The Franchise** · 05-08-2007, 02:53 PM

So any updates?

05-08-2007, 03:15 PM

Jenson is usually online in the evenings. I'm sure he'll be happy to tell us more of his adventure.

Jenson71 · 05-08-2007, 04:13 PM

Thank you for all the advice gentlemen. I'd be lost without your words of wisdom.

I did call my bank (Wells Fargo) and the representative said she would take me off the service fee charge, and even refund me for the previous two months charge. I thought this was very fair, and thanked her.

Quote:

Originally Posted by Mr. Carlson the Bugeater

Are you sure you don't have some kind of overdraft protection that uses your credit card as a backup? Check your checking account balance again, the $300 may have been deposited in there. If that's a service fee, that bank should be blown up.

This is what it turned out to be. She said that I had (accidently) made the transfer from my checking to savings, instead of the other way around, which is what I wanted. So then my card kicked in to cover it.

Everything is understood and now I'm doing well and I didn't even have to use my suicide belt. Thank you all very much.

**The Franchise** · 05-08-2007, 04:24 PM

Wells Fargo....no freakin wonder.

stlchiefs · 05-08-2007, 06:08 PM

Quote:

Originally Posted by Phobia

Commerce is KC Metro only to my understanding. He can't switch to them. I use Bank America, FWIW.

Commerce is regional. They are down in Wichita and here in St. Louis as well. They work well for me.

|Zach| · 05-08-2007, 06:11 PM

Commerce used to take sooo loooong to get my deposits in for some reason back in the day when I used them in KC and even when I used them in Springfield my freshman year. I have been very happy with Great Southern but since I am going back to KC I will need to plant my massive wealth with another institution.

05-07-2007, 11:02 AM
Jenson71 fides quaerens intellectum Join Date: Oct 2003 Location: United States Casino cash: $8330900	I think I may have learned a money lesson I had $290 in my checking account. Then there's a monthly fee ($8.56). So I'm down to 281. I pay a university bill off that was $278. And then I don't put any money in. But another month comes and now I'm negative (because of the monthly fee)! I'm $5 in the hole, so as soon as I saw this, I transferred some money over to my checking account. The next thing I see is I have a $305 overdraft fee charged to my credit card bill! Does this sound right? That's quite an expensive (and stupid) mistake.
Posts: 15,986

05-07-2007, 01:45 PM	#17
Ultra Peanut v^V^v^V^v^V^ Join Date: Aug 2001 Location: Holland* Casino cash: $10005177	__________________
Posts: 39,518

05-07-2007, 02:13 PM	#18
CoMoChief Mahomes Dynasty Join Date: Mar 2005 Location: Parts Unknown Casino cash: $7672254	WTF is there a fee for? Go to Commerce bank, they have free checking. 1. Do what Phobia said. Talk to a bank rep and try to talk to them to get the overdraft fees back. 2. Once that happens take all the money out of you bank and cancel the account and go to Commerce Bank and create a new account. __________________
Posts: 39,245

05-07-2007, 02:21 PM	#20
the Talking Can Supporter Join Date: Aug 2001 Location: street Casino cash: $9162208	call the police, you got raped __________________ Clark Hunt: "Thank god for the Dominican pool boy"
Posts: 51,585

05-07-2007, 04:05 PM	#21
Bugeater The Maintenance Guy Join Date: Sep 2005 Location: Renovated Bugeater Estate Casino cash: $3992680	Are you sure you don't have some kind of overdraft protection that uses your credit card as a backup? Check your checking account balance again, the $300 may have been deposited in there. If that's a service fee, that bank should be blown up.
Posts: 70,546

05-07-2007, 04:13 PM	#22
Coach Champs! Join Date: Mar 2004 Casino cash: $3708476	Why is there a service charge in the first place, if for two reasons: 1. That your balance is over $100 2. Do you have direct deposit? If so, then the bank shouldn't charge you the monthly service, just becuase. __________________ Super Bowl IV, LIV, LVII & LVIII Champions 2020, 2021, 2023, 2024, & 2025 AFC Champions 1985 & 2015 Major League Baseball World Series Champions 1980, 1985, 2014, & 2015 Major League Baseball American League Champions 2015 American League Central Division Champs
Posts: 54,706

05-08-2007, 02:43 PM	#23
PhillyChiefFan Veteran Join Date: May 2007 Location: Harrisburg, PA Casino cash: $3161139	Commerce bank is good. Check E-Trade too. They just rolled out a savings account with a 5.05% interest rate and a checking account with 3.25%, no fees no minimums on the savings. The checking account you have to have direct deposit of 200 a month. As for the bank, agree with CoMoChief, threaten to take your business elsewhere, odds are they will wipe off the at least some of the charges. They want to try to keep you as a customer. Hope that helps a little bit.
Posts: 3,407

05-08-2007, 02:46 PM	#24
Phobia Guest Casino cash: $	Commerce is KC Metro only to my understanding. He can't switch to them. I use Bank America, FWIW.
Posts: n/a

05-08-2007, 02:53 PM	#25
The Franchise Most Valuable Villain Join Date: Dec 2006 Casino cash: $2065047	So any updates?
Posts: 92,316

05-08-2007, 03:15 PM	#26
Phobia Guest Casino cash: $	Jenson is usually online in the evenings. I'm sure he'll be happy to tell us more of his adventure.
Posts: n/a

05-08-2007, 04:24 PM	#28
The Franchise Most Valuable Villain Join Date: Dec 2006 Casino cash: $2065047	Wells Fargo....no freakin wonder.
Posts: 92,316

05-08-2007, 06:11 PM	#30
\|Zach\| For The Glory Of The City Join Date: Sep 2002 Location: Kansas City Casino cash: $3016768	Commerce used to take sooo loooong to get my deposits in for some reason back in the day when I used them in KC and even when I used them in Springfield my freshman year. I have been very happy with Great Southern but since I am going back to KC I will need to plant my massive wealth with another institution.
Posts: 54,737