Bank Atlantic

2 reviews & complaints.

Most Popular | Newest | More Options >
More filter options:
Fees
Posted by on
TAMPA, FLORIDA -- It is a real shame that as a single parent of 2, I am not receiving a paycheck this week due to the amount of overdraft fees that I have been charged. I am being charged $448.00 overdraft fees for $158.77 worth of charges. It really is sad that in our countries poor financial state, that banks still continue these awful practices!

One of their very own Branch Managers advised me to never ever use my debit card to only use cash, I guess I know why now, because it’s a totally legal scam!!!! They charge the debits from greatest amount to least amount so that you are able to charge me as many overdrafts as possible.

Does it even make sense to do this; obliviously a customer who is possibly over drafting doesn't have any money.... so let’s charge him $32.00 for every dollar that he spends. Come on.

I don't mind paying fees if I am in the wrong... but if I am checking my acct on their website and it clearly shows all the activity on my acct I don't think that it is good business practice for the next day when I view the acct again for it to be completely different, and instead of the bank looking out for the customers best interest (charging the least amount of fee possible) they charge the most, to the poorest people. I can not afford anymore fees and do not get paid again until next Thursday. The paycheck that I received today was completely used to pay overdraft fees and I still have a negative balance. I can't pay daycare, gas for work, nothing. This is such a sad practice. I will be contacting the Federal Reserve, BBB, Federal Trade Commission, The Florida Office of Financial Regulation and the Florida Attorney General to name a few.

And everyone else should too, change happens in numbers, not in people just getting mad and switching to another bank who does the same thing.
     
Read 4 RepliesAdd reply

User Replies:

Anonymous on 2008-06-12:
"Does it even make sense to do this; obliviously a customer who is possibly over drafting doesn't have any money.... so let’s charge him $32.00 for every dollar that he spends. Come on."

Are you sure...REALLY sure...you want to use that logic as your leg to stand on with this complaint? The fees are designed to discourage people from writing checks on accounts having insufficient funds to cover them.
Anonymous on 2008-06-12:
"One of their very own Branch Managers advised me to never ever use my debit card to only use cash"
I would advice the same thing. You don't seem to have a grasp of how to manage an account properly, and adding a debit card to this mix will be (as you now know) expensive.
Suusan B. on 2008-06-12:
You can contact all the agencies in the world but this situation sounds like a matter of your not maintaining an accurate check register of the debit transactions you authorized. Also keep in mind that writing checks or authorizing debits beyond your available funds can be considered against the law in many states. Relying on on-line banking is foolish as they have no idea of the outstanding debits you have authorized. It is your responsibility to not overdraft your account. You have been charged overdraft fees in accordance with your account holder agreement and I agree that your best course of action is to use cash and accept resonsibility for your actions.
moneybags on 2008-06-12:
Simple.......basic addition and basic subtraction.

4 + 4 = 8
8 - 5 = 3 not 8 - 8.01 = .01.
Go into the negative and you pay.
Close commentsAdd reply
Don't Deal With Them Anymore
Posted by on
I have read and fully relate to all of the stories out there on banking practices designed to screw the customer and make major profits for these greedy unscrupulous banks. Overdraft fees, raising apr's for no reason, lowering credit limits, it goes on and on. I refuse to deal with banks anymore, if I have to I will cash my check, even though I will have to pay a fee, take my cash and pay my bills with money orders. No more convenient little debit cards, no more online banking, no more crazy fees, nothing. I know it sounds extreme but that's what I used to do in the 80's when I was younger and it worked just fine. Pay just the bills I need to;mortgage, electric, water, car loan, and the rest is to be paid in cash. Now I know this would be tough to do for many people but we as a society have become lazy and slothful when it comes to our banking, that's why banks can do this to us cause we let them. Stand up and fight back!! Close your accounts and handle your own money.

If people started doing this in masses the banking world would notice. I will be doing this as soon as tomorrow. No more taking money away from me!!
     
Read 20 RepliesAdd reply

User Replies:

Ben There on 2009-08-21:
Or you can pay your bills on time, keep up with a check register, don't spend more than you have and pay off your credit cards every month. This way you can avoid all these issues while not worrying about all the money under your bed.
Anonymous on 2009-08-21:
If people did this in mass, the big banks would rejoice. Consumer accounts don't make money, commercial accounts do, and if all the personal accounts went away they'd be free to serviices businesses only.
Anonymous on 2009-08-21:
But, I don't give Wachovia or Bank of America any of my money because I know how to balance my checkbook.
tnchuck100 on 2009-08-21:
Ken, that can't be right. The banks are raking in an ungodly fortune in fees from the poorest class. Now they may well rejoice in losing the accounts that don't overdraft.
madconsumer on 2009-08-21:
actually I agree 100% with this review.

if more people lived via cash, and less on credit, the ecnomy wouldn't be int he mess it is. some people say there are only two things worth paying with credit, your home and vehicle. then some say to never owe credit for a vehicle.
tnchuck100 on 2009-08-21:
You can "have" credit.
You can "use" credit.
You can "give" credit.
You can "receive" credit.
But you cannot "owe" credit.
Anonymous on 2009-08-21:
mad, good advice. It's much better to live "free". We never buy vehicles on credit anymore either. If we want one, we save up and buy one--although I know it's not easy for everyone to do that.
bcd on 2009-08-21:
No more checks, no more debit cards or online banking... gee let's just turn off the TV, park our cars and rollback to the 19th century. Or... balance your checkbook weneedarevolution. There's nothing unscrupulous about overdraft fees.
Anonymous on 2009-08-21:
Mad, BA again.
tnchuck100 on 2009-08-21:
bcd, it's not "the fee" that is the problem. It's the unscrupulous manner in which they are calculated that is the major problem.
madconsumer on 2009-08-22:
get a life. people owe 'on credit'.
madconsumer on 2009-08-22:
Main Entry: owe
Pronunciation: \ˈō\
Function: verb
Inflected Form(s): owed; ow·ing
Etymology: Middle English, to possess, own, owe, from Old English āgan; akin to Old High German eigun (1st & 3d plural present indicative) possess, Sanskrit īśe he possesses
Date: before 12th century
transitive verb
1 a archaic : possess, own b : to have or bear (an emotion or attitude) to someone or something
2 a (1) : to be under obligation to pay or repay in return for something received : be indebted in the sum of (2) : to be under obligation to render (as duty or service) b : to be indebted to
3 : to be indebted for
intransitive verb
1 : to be in debt
2 : to be attributable

— owe it : to have a responsibility to do something to satisfy an obligation or duty
BokiBean on 2009-08-22:
Its not like you have to define the word "owe" mad. You just have to be able to use it properly...
tnchuck100 on 2009-08-22:
You owe money - not credit. As I said, you cannot owe credit. I really don't expect you to comprehend this. Your track record here has proven you incapable of such.

O.K. Now flag this and get it deleted.
PepperElf on 2009-08-22:
well at least the letter-writer realizes it's the customers' own faults for being lazy and not keeping track of their own spending
madconsumer on 2009-08-22:
2 a (1) : to be under obligation to pay or repay in return for something received : be indebted in the sum of (2) : to be under obligation to render (as duty or service) b : to be indebted to
BokiBean on 2009-08-22:
Mad..for pete's sake. If you "owed" someone credit you would have to freakin extend them a loan. What is hard about this to comprehend?
Nohandle on 2009-08-22:
Banks nor CC Companies seem to not want so called good customers anymore. Those customers who never wrote a "bad check" or the CC customers who pay the balance in full each month. I have an employee in the accounting department who worked for a bank previously. Only a teller, but you'd be amazed if you listen to some of the ways banks make money. They absolutely love those overdraft fees and stretch them out to every advantage.

Commercial accounts, I was told, were good only as long as that account owed money to the bank. Nice for the overall picture of cash on hand at a bank but that account made them no income. Let's stick it to someone else $39.00 a transaction for an overdraft and any other charge we can dream up. Sounds like a swell plan to me. Obviously many of the banks agree.
madconsumer on 2009-08-22:
you simply mis-understand my british meanings.
BokiBean on 2009-08-22:
Sure.
Close commentsAdd reply
Top of Page | Next Page >