I just got off the phone with Chase Bank regarding my business checking account with them. It appears that I am overdrawn $104.00 because of a $24 check. How so much? Follow their logic...I had a $24.00 check that bounced so they return it and tag me $35 for NSF.
Account Balance: -$35.00
Get this, THE SAME CHECK comes back two days later and they pay it! Of course they assess me ANOTHER $35 NSF charge PLUS the cost of the $24 check.
New Account Balance: -$94
The best part is that when you have a negative balance with Chase, they charge you a DAILY NSF charge of $5 per day per account!
Account Balance: -$104
What's even MORE remarkable about this story is that last month Chase pinged me for $570 in service fees because of my ATM card. Each time I purchased a $1 Coke, Chase would pay the Coke and then charge me $35 NSF PLUS the $5 daily fee. In a week I was minus $570 for $10 worth of Cokes. To their credit, they did refund me $360. Dreamy huh?
Needless to say, we are DONE with Chase Bank and closing our account tomorrow. Chase was convenient because it was around the corner. We have been with Cyprus Credit Union for six years now and we LOVE them. They are great people and have been very fair and friendly. I realize that Congress has agreed to bail these big banks out, no one told me that I was personally responsible for bailing out my local branch. Perhaps I should start charging THEM $5 per day for each day I keep them open!
2 comments:
I know just what you mean. I got a $16 dollar ice cream cone the other day. $1 for the ice cream and $15 for the over draft fee. Bastard overdraft fees. You can all go to hell and die.
I work for CHASE and even though I agree with both of you that they're the biggest bastards in banking. They don't charge daily OD fees and if you don't have the money, WHY USE YOUR CARD???
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