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TD Banknorth Complaint - Outrageous--Overdraft Fees/Fees On The Fee!!
Complaint
I had $28 and some odd cents in my account. It was a Thursday--the day before my direct deposit would hit my account. I made a purchase for 7.19. I knew I had a check out for $34 dollars, but it was after work around 6:30. I figured the check wouldn't post until the next day since it was already so late! I was charged a $70 overdraft fee because conveniently the bank posted the $34 dollar check that night (probably five minutes after I made the 7.19 purchase) then posted the 7.19, so I got hit with two overdraft charges THEN on top of that because they posted the overdraft fee, I was even further in the negative--I got another $35 overdraft fee because the overdraft fee was another strike against my account. I am irate at this point. I am looking for a contact for a class action lawsuit--I heard one is pending!! In addition to the fee fiasco, their customer service reps are rude!! I called and they kept insisting that I didn't understand (like I was stupid) and when I asked them why their company was robbing people and using manipulative business practices, the witch on the phone said, "I'll now explain why you received those charges." I know why---because TD Bank robs their customers!!!
They hold payments to screw you, they manipulate how itmes are posted to your account---highest to lowest instead of the date---Absolutely ridiculous!! I am taking my money and putting it in a safe place!!!
They hold payments to screw you, they manipulate how itmes are posted to your account---highest to lowest instead of the date---Absolutely ridiculous!! I am taking my money and putting it in a safe place!!!
Comments:
Posted by trmn8r on 2010-11-01:
"I am taking my money and putting it in a safe place!!!"
Where might that be? BoA? Wells Fargo? They all handle overdrafts pretty similarly. The bank hates it when you spend money that you don't have. While the order of clearing items may be something to pursue legally, I prefer to avoid the problem.
I try to keep $200 in my account at all times. This exceeds all the items that might clear prior to being able to replenish the buffer.
Where might that be? BoA? Wells Fargo? They all handle overdrafts pretty similarly. The bank hates it when you spend money that you don't have. While the order of clearing items may be something to pursue legally, I prefer to avoid the problem.
I try to keep $200 in my account at all times. This exceeds all the items that might clear prior to being able to replenish the buffer.
Posted by FlShopper on 2010-11-01:
I admire your passion on the subject. But although it really stinks to get hit with fees, the bottom line here is that you gambled and lost. You can't blame the bank for that.
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