Branch Banking and Trust Informative - Predatory banking practices
BB&T uses predatory banking practices. BB&T rather than withdraw funds according to the order in which they were charged takes the largest first. They did this to me which then caused me to overdraft. Ok, I can deal with some fees. But by the time I made a deposit of $1100 a day or so later they had charged me over $600.00 in overdraft fees without ever contacting me or putting a hold on my account. Had they taken the money out in the order in which it was charged I would have incurred one, MAYBE 2 fees. Not 13. I have 2 children who just lost their father to a heart condition in April. I myself am awaiting approval for SSI as I have a congenital heart defect and fibromyalgia. $600 might not be much to BB&T or even to the average person, but it is the difference between survival and going under for me and my children. I have since researched BB&T and found so many people that they have done this to. When I called the 800 number a supervisor told me as they were based in NC they could manipulate the withdrawls any way they liked and tough that I should deal with it. How can a bank be allowed to manipulate funds in such a manner? If this is not a predatory banking practice I don't know what is.
Please help if you can!