Branch Bankers and Trust Complaint - BB&T Eats the Poor
ARLINGTON, VIRGINIA -- Danger Will Robinson, Danger!
BB&T has tighten down their overdraft fees for the bad economy, showing a level of greed that takes advantage of those just getting by.
Before using a debit card, even though the charges may be approved electronically, make sure your balance can carry the weight. Failing to do so can mean high overdraft fees, and service charges that can best be characterized as usury.
BB&T has now taken to approving low risk, high pay-off debit card charges - resulting in an unusually expensive consumer checking service.
I highly recommend banking elsewhere.
Being on a fixed income, I recently ran up a $13 dollar overdraft from a restaurant, though the charge was approved electronically. The result? A $35 overdraft fee, a seven day "carry" fee of $30, and, to add insult to injury, a $2 telephone customer service fee when I called, and called back to complain about these fees.
If the overdraft had been say, fifty dollars, it would have been a refused charged, but because the edge condition favored the bank by over 400% they allowed the charge,
I understand that free checking is rarely free, but this kind of coloring scheme risk assessment in such financial times means that those of us who can ill-afFord it are especially vulnerable to exorbitant fees.