M&T Bank Complaint - Let's Write our Elected Officials and Stop This Legal Scam
I think we should all write our federal elected officials and request an investigation into the fees that are charged by M and T Bank. Here's why, this is a $79 Billion dollar resource for banks, which means only one thing, they are making money, ridiculous money off of the consumers and something should be done to stop this. If you are a person who keeps your books organized, manage your accounts well and better yet, have extra money or savings, then I applaud you. Keep up the good work. But for those folks, who may not be able to manage to the penny, because M and T will charge $37 for an overdraft of $1.00, then they (we) need to write our senators, congressman, etc and ask them to investigate this practice.
You know, when I'm wrong, I try to deal with it. Well, I got tired of the fees and went to the bank manager and requested that they lift this grace of $250 off my account, so that if I am off by a few figures, then my card will reject. You know, like in the olden days of credit cards - no money, no charge. This would be perfect. Do you know, they said this could not be done? In other words, it is designed to make money off of the consumer. Only the consumer can stop it. When I asked the manager, why the fees? Why bombard a person with fees that you know that can't pay? His response, "like you said, it’s a 79 Billion dollars…”.
Write your elected officials, today! I’d go so far as to write Obama (I have). This needs to stop. They are taking Advantage of the consumer. It’s like a legal scam and needs to be addressed and modified immediately.