Webster bank Informative - Your bank is ripping you off.....
Webster bank is paying out an overdraft settlement for "out of sequence" processing of there customers account transactions to intentionally cause multiple overdrafts. I am one of the fellows who got slammed by Webster....and will enjoy receiving my check when it comes.
WEBSTER LOST BECAUSE THIS PREDATORY BANKING IS NOT LEGAL!!!!
For any bank!!! Someone stepped up to the plate and proved it. Now? My hope is to see other banks like Bank of America and Citizens bank pay out millions as well.
There is something else I wanted to add. On 1-11-11 I was charged an overdraft fee by Webster bank that blew my mind! Never have I paid a bounce fee when my account never went negative! During a blizzard, I was forced to use my debit card as credit....then rush the cash in before the charges hit the bank....which I did. The bounce fee still stands as I climb up the ladder of reps to get it resolved. I GUESS THE NEW WAY FOR BANKS TO GET FUNDS OUT OF THERE CUSTOMERS IS......"IT LOOKED LIKE IT WAS GOING TO BOUNCE....SO WE CHARGED YOU" The people at the bank are calling this a "float fee". How can they do this?