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banks are corrupt
31009 cr points
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20 / M / Tórshavn
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Posted 9/2/14
yes something like this just happened to me recently. I had an account I used fro traveling to Japan this July and when I came back I withdrew all my money and said they should close that account so that no money would be taken of it...What happened? It didn't close and how they have taken 2$ of it because it costs to have it open.... ugh, I hate this -.-
Vodash 
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21 / M
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Posted 9/2/14 , edited 9/2/14
This is the same shit that Comcast has been pulling. They'll reel in customers, telling them what they should expect with their service and the costs associated with it, and then just throw it out the window and tell you that you owe charges they never even mentioned. They get away with this because the average person just accepts it, while what we should be doing is taking them to court over it.
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26 / M / Socal
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Posted 9/2/14
I use credit union so I don't have any issues.
46382 cr points
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20 / M / Sweden
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Posted 9/2/14 , edited 9/2/14

pandrasb wrote:

I use credit union so I don't have any issues.


I've seen others mentioned credit union, what is that?
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26 / M / Socal
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Posted 9/2/14 , edited 9/2/14

TheOmegaForce70941 wrote:


pandrasb wrote:

I use credit union so I don't have any issues.


I've seen other mentioned credit union, what id that?


id? what's id?

here,

Credit unions differ from banks and other financial institutions in that those who have accounts in the credit union are its members and owners,[8] and they elect their board of directors in a one-person-one-vote system regardless of their amount invested.[9] Credit unions see themselves as different from mainstream banks, with a mission to be "community-oriented" and "serve people, not profit".

-wikipedia


edit: whoops
Rohzek 
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26 / M
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Posted 9/2/14
Sounds like you should switch banks. Fees on a checking account is so old fashioned imo. Any bank that wishes to survive should know that.
Posted 9/3/14
Duh.. credit unions are a bit better... but they are all in the money business so they want more of it of course. Always read things about memberships, accts, loans, credit repayment and learn quickly to balance a checkbook or however you feel the need to manage your pay it'll help a lot..

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20 / M / Sweden
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Posted 9/3/14 , edited 9/3/14

Rohzek wrote:

Sounds like you should switch banks. Fees on a checking account is so old fashioned imo. Any bank that wishes to survive should know that.


Only problem being that they have all my money... And they've locked my account so I can't get my money.
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38 / M
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Posted 9/3/14
Did they send you any notification of a change in terms or that the product was expiring and you were being rolled into a different product? A financial institution can change the terms. They just need to send out notification of the change enough time in advance of the change, which is usually 45 - 60 days for most changes. At least, that is how operation is in the US, banks operate under different rules in Sweden. Alternatively, there could be something in your contract that you violated. An example could be that it could have a limit of age 21 if still or student, or 18 if not - which could be in the footnotes of the contract.
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23 / M / A town called "Ci...
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Posted 9/3/14
Almost everything in this world is corrupt.
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M / The Bottom of the...
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Posted 9/7/14
Yes they are, that's why in the future I'm going to join the Night Raid to end corruption. Either ways I have possibilities to get killed by Esdeath
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58 / M / USA
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Posted 9/7/14

TheOmegaForce70941 wrote:

Earlier today I wanted to buy myself a coke from a local store... But couldn't because the store clerk told me that the transaction wasn't successful. Then I got home, booted up my bank phone app and it said that I had a minus value on my account (basically I owed them money in their eyes). Only thing is, I had money on my account so this shouldn't have happened... So I contacted them and they told me that their bank services costs money and that they've missed to take money from my account and therefore I owe them money because they made a miss.

But the thing is, it clearly said in the contract that their bank services was free until I was 21 years old... So I told them that, and apparently my original contract was invalid because............... Who the f knows!

So basically I'm rather pissed, have anything similar ever happened to you?


Terms and conditions of a bank account are subject to change whenever the bank (or written financial law) requires it. Depending on the country, the bank is usually required to notify you of the impending change (although not always the specifics), but it is rare for a bank to be required to confirm you've read the change notice or the new terms.

Things to take note of:

Banks have the practice of posting debits (i.e. payments out) before posting receipts/deposits (payments in). If your balance is always low, the risk of being hit with overdraft fees is high.

Despite how handsome/cute/friendly the bank associates might be, they aren't your friends when it comes to money. Their business is to improve the bank's financial position first and foremost. If yours is improved as well, that's good, but the bank comes first.

Always read the terms and conditions of your accounts and loans - if you don't understand something, get your parents or seek explanations from other financial/professional services. This is true of any contract incidentally - if you don't understand, then don't sign the papers.

If you think you've been unfairly treated, ask to speak with a bank officer, or contact public financial/legal assistance. Banks may reverse the charges if you can show that you weren't notified, or have been a good customer for years. Be polite but firm when speaking to a bank officer.

Make sure your contact information on your account is current, and review the account regularly to check for inconsistencies or unexpected fees.
Posted 9/7/14
What are you going to do about it?
46382 cr points
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20 / M / Sweden
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Posted 9/7/14

MeanderCat wrote:


I've already solved it. However, I still think that my bank is a big fat pain because they have decided to lock my account for the entire month so I can't use any of the money I got on my account. Also, this is a breach of contract and that's what makes me pissed at them. And I'm well aware that banks will favor profit over costumers, but I've talked to a few friends about this and I'm thinking of changing bank.

18608 cr points
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Posted 9/7/14

severticas wrote:

What are you going to do about it?


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