As if I needed this...

[bassmanatlarge]

They have to make their $$$ somewhere. How else can they afford to give great deals to rich folks?

[burdizzos]

Originally posted by Thumper Here's a thought. Manage your money better. That way 47 cents won't cost an arm and a leg.

 

 

 

I just give my wife every other paycheck and somehow all of the bills get magically paid.

 

I still have to pay my truck payment, but I can remember that once a month.

[BigPigPeaches]

 

Originally posted by Thumper Here's a thought. Manage your money better. That way 47 cents won't cost an arm and a leg.

 

 

Good God, man...that's just crazy enough to work.

 

But in all seriousness, this is AMERICA, 2006, baby. It's all about buying {censored} you can't afford so that you have {censored} but you ain't got {censored}.

[bassplayer7770]

Yeah, that totally blows. Does your bank offer overdraft protection?

[Zeromus-X]

 

Originally posted by Dark Slide ... So I was doing an online billpay thing the other day, direct from my savings account. $25.00 TWENTY FIVE dollars. Apparently I made a mistake somewhere. I didn't have $25.00. I had $24.53, and then I had another $10 or so in my checkings because I just got done paying all my bills. So... rather than take the 47 cents from my checking, the bank charges me a $20 overdraft fee. My credit card (Which I was making the payment on to take care of a bill) charges me a $25 returned online payment fee. A $30 returned check fee, and a $30 overlimit fee. Total amount of miscalculation? $0.47, total cost $130. Just how I wanted to kick my day off...

 

 

Something's wrong here.

 

If you had $24.53, and ran $25 through, that means either one of two situations would have occurred:

 

A) The bank allowed the $25 through. This means you were overdrawn on the account. They'd charge you the $30 over-limit fee, but the company you were paying will get their money. A $20 "overdraft" fee and a $30 "overlimit" fee are two fees for the exact same occurrence. Your account balance would be $24.53 - $20.00 overdraft - $25.00 payment = -$20.47.

 

B) The bank doesn't allow the $25 through. This means the other company charges you a returned online payment fee of $25, and the bank possibly charges you a $20 overdraft fee if they're dicks. However, this $20 would come out of the $24.53 which you had in the account. That means there would be no over-limit fee. Your account balance would be $24.53 - $25.00 online payment rejection fee - $20 bank overdraft fee = -$20.47. In this instance the bill isn't paid, so you'd still owe another $25, making your total -$45.47.

 

There was no "returned check" in either instance so the $30 fee shouldn't be there -- unless the bank has a policy of charging for "returned checks" when an online payment was used, which you could dispute very easily.

 

I've been through this several times and I can say that BB&T are fee nazis and won't really attempt to resolve anything for you... but it can't hurt to talk to them. As well, if an overdrawn transaction results in a $20 (overdraft), $25 (return online fee), $30 (return check), and $30 (overlimit) fee... it's time to switch banks immediately, and probably hire a damn lawyer.

 

The only way I can be mistaken, from what I see, is if the credit card was nearly at its limit, and missing that $25 payment caused it to go over-limit. But even still, there should only be one "return" fee, not a "return check" and "return online payment" fee. You either paid with one or the other, not both. Even if you did an e-Check for it, it's still one or the other. Might be worth looking into.

 

(two ex-girlfriend bankers)