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BB&T Fraudulent and Unethical Practices
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We have a current issue with BB&T that we'd like to share and it's pretty clear and simple that this is a case of a bank using illegal practices, resulting in fraud against the consumer. Situation: We were going on vacation 3 days before Labor Day.

We made a transfer from our main account to our personal account on that day before we left to cover incidental charges. The main account has no debit card, the personal account does, which is what we used to spend for vacations. We initiate the charge before we even leave the house, so naturally this is before any specific charges are posted against this account. Each day during the vacation, we check the account to ensure we haven't forgotten to enter any charges into our check register, albeit we kept receipts and the like, just to triple check ourselves (we're careful to a fault like that.)

Upon our return home 5 days later, on a bank processing day, we realize we're in the hole to the tune of about $200 dollars. NO WAY we spent ourselves into a hole. We quickly check the account and immediately realize our pending transfer from before we left has DISAPPEARED. We make another transfer at this point because shoot, we're in the hole and there is a list of charges pending, all valid charges. We call BB&T and a representative advises us that this happens from time to time, over long weekends such as a holiday weekend, simply so the money is not tied up for too long.

WTH?? If I make a transfer, you leave that transfer there until your bank can process it. Who gives you permission to undo what a customer wants to do and conscientiously does, without notifying them? Nevertheless, he says it's no problem, he's personally experienced it before, and the money should appear within 24 to 48 hours. He proceeds to credit the overdraft fee we had been charged at that time. This credit, he says, will topple the second transfer we made during our panic. No problem, we think BB&T is handling it like a champ and admitting to their mistake.

Two days later when the initial transfer never shows, we check the bank and realize we've been dinged with yet another overdraft fee, from one of the purchases we made during our vacation. We call the bank again and go over all of the details from the previous conversation up to that point. A nice lady kindly explains that she doesn't know what that previous representative is talking about and that all she can do is refer it to a 2nd level representative, who should be able to look further into our complaint and resolve it/call us back within 24 to 48 hours.

Mind you, charges are still clearing and only SOME from that weekend come with overdraft fees, some don't. We ask her, well why don't the other charges come with overdraft fees since they were all made around the same days, if what you're saying is true about our account having insufficient funding (due to this mysterious disappearing transfer)? "I don't really know", she replies, and begins to spit out her customer service rhetoric again about someone being back with us within 24 to 48 hours.

I say: FRAUDULENT and UNETHICAL. How does a bank like BB&T decide to cancel a customer initiated transfer between his/her own accounts? Even if the bank is closed, I initiated that transfer and until the bank can clear it, LEAVE IT ALONE. I believe this is their practice to catch people off-guard, especially during a holiday weekend because this bank KNOWS people will SPEND MONEY. Why play games to pad your own pockets with our hard-earned cash? If this doesn't get resolved, we're contacting a lawyer, the SEC and whomever else we can find to hear about this that can do something about it.

BB&T Crucifies "The Average Joe"
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CLERMONT, FLORIDA -- I have been disappointed with this bank numerous times, initially after First Federal was bought out by Colonial, and now even more so with BB&T taking over. I should have quit them while the going was good. Now, I am paying THIS BANK a high price to get out!

Before telling my latest story with this financial institution, I must say that a few years ago this bank deposited my funds into someone else's account. I had no idea until my checks started bouncing like rubber bands! In fact, my first month's rent in my new home even bounced!

To say the least, I was very much inconvenienced and furious! I was patient until they straightened the mess out, waited until they notified all of my clients who had checks returned, and was very, very understanding with THEIR HUGE MISTAKE, considering the trouble this caused me! However...

After having a bad month financially, I was in need of help with a "stop payment" on a debit to my account, having tried to contact the loan company with absolutely no luck. I frantically stopped by BB&T, talking to the person in charge of accounts, asking for her help with this stop payment. She sympathized (right!) with me and at the cost of $34 told me I would be fine...the payment would not go through. At that time (a Friday), the payment was due to be debited from my account in two days (on a Sunday). I left the bank, feeling I had done the right thing, even though I could not even afford the $34 charge.

Six days later, I am in the car and decide to call the auto line to check my account balance. I was shocked to hear that I was over $180 in the red! Visibly shaken, I pulled my car over and dialed the Customer Service number, and after talking with a nice lady I realized that the stop payment was a waste of $34! I was informed at that time that, because it was a debit, it needed THREE working days to take effect. My payment was to post TWO days after the stop payment was issued. The person who set it all up for me DID NOT relay this information to me. Otherwise, I would have made another decision at that time.

Now, because the payment was deducted from my account, I had ANOTHER transaction as well paid by the bank because of INSUFFICIENT FUNDS to their credit (another $35 fee)! They have charged me $70 for these two transactions to be paid, as the money in my account was not enough after the $160 payment was taken out.

NOW I am out the payment of $160 (which I did not have the money for in the first place), out $34 for a stop payment which did not even work, and another $70 for INSUFFICIENT FUND transactions paid! I am so ready to just let this account go...but unfortunately, I have a savings account with this bank, and I am SURE they will get ALL OF THEIR MONEY from my piddly Christmas savings account! There goes my family's Christmas...thank you very much BB&T!!! You've ruined, pretty much, the rest of our year! I will settle this matter and get away from this bank ASAP! I will not give these people any more chances to steal my hard-earned money!!!

BB&T Is RIDICULOUS With Overdraft FEES!!
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When debit transactions HAVE NOT posted to your account yet and are PENDING they charge you overdraft fees. They take all your debits before posting any credits, no matter if you have it deposited before 2 pm and even it is IN CASH!! I have banked with BB&T for 13 years and I have been DUMB enough to let them STEAL my money on at least 3 occasions!! I have honestly overdrafted before where the 35 dollar fee is necessary, BUT at least 3 TIMES they have charged me numerous fees for using money that was ACTUALLY in my account!! We are talking over 100 dollars in fees!!

PERFECT EXAMPLE: I have a posted balance of 251. 145 is posted to my account, 2/14. 2/14 pending 40 is, 2/15 transaction of 72 hits as pending. The 72 would have overdrafted, but I transfer 50 dollars in to cover it before any more than 145 is posted to my account. DOESN'T MATTER!! Starting with 2/14 transactions, I am getting overdraft fees of 35 per transaction, EVEN THOUGH the money is all there!!

I would like to stay with a bank I have been with for years, but unfortunately this being the THIRD TIME I've been SCREWED, I will be leaving IMMEDIATELY!! And I will tell EVERYONE I KNOW to not go with BB&T and to LEAVE because they will SCREW YOU and steal your money too!! I have had numerous people tell me they post the debits before posting any cash deposit. CASH IS CASH should be posted FIRST THING!!

Their customer services sucks. You talk to a machine for 15 minutes before you can get anyone, then they can only EVER give you 20% of your fee back if they think it was wrongly charged. Not the entire fee just 20% for using your money! BB&T CHARGES YOU TO USE YOUR MONEY!!

Overdraft Fees
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WINSTON-SALEM, NORTH CAROLINA -- June 7, 2010, I wrote a letter of complaint, to the email inbox published for Mr. King of BB&T, about the excessive amounts of overdrafts they have charged my account. I also wrote a follow up email 6/22/2010 in the hopes that we could solve the issue amicably; however, my email has not had a response to-date.

At this time, I am not asking for all overdrafts that I have ever incurred on my account to be refunded, I am asking for some refund on the nearly $1000.00 in overdrafts for the month of June alone. This amount is not done in good faith or fair dealing.

My complaint starts from my conversation with one of the customer service reps from the 800 line at BB&T. I indicated that I wanted no overdraft linked to my checking - meaning that if there were not funds in the account to cover my debit card purchase or check to please return or reject the transaction. I had considered my request to be filled since the CSR said it to be true.

I should have had my doubts. The snowball effect of the nearly $1000.00 in overdraft fees for one month begins with one check that posted to my account after I have asked to stop all protection. I had $71.00 and they posted a $120.00 check and with many pending transactions triggered some nasty overdrafts. Since BB&T will continue to charge overdraft ontop of overdrafts that put your account in the black, it is impossible to know what the state of your checking account is. With automatic drafts and daily living - this has snowballed out of control.

After my first email asking for assistance, they offered to refund some monies; however, it still left my account in the red. I did explain this to the district manager and how this was going to trigger more overdrafts and not help get me out of this cycle. But, it fell on deaf ears.

I have since had to take a loan out on my 401(k) because who can afford to pay a bank $1000.00 a month? I have since opened a savings account with part of my check being direct deposited, but I feel that BB&T can afford to take some responsibility as well. My complaint on this board was as a last resort as I have tried to resolve with the bank directly. I have even spelled out my intent to start a campaign of complaint, but have had no response.

BB&T Rip Off
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As stated in a earlier blog, BB&T is milking their customers very badly. Deposit posts are made prior to debit postings but the company BB&T is charging huge overdraft fees. I called Customer Service who were very RUDE. I even went to the bank and the teller was super nice UNTIL I brought this matter up. Her explanation in Spanish to broken English was horrible. I have since moved on to a credit union who 'gave me in writing' that this was NOT how they treated their customers. I am happy for one thing....BB&T pushed me away enough for me to find a GREAT Credit Union who is for their customers. Thanks BB&T!!!

Plus Fee And Fuzzy Math On Pending Charges
StarEmpty StarEmpty StarEmpty StarEmpty StarBy -
Rating: 1/51

HOPKINSVILLE, KENTUCKY -- The plus fee is back and apparently BB&T sent me information on this but I don't look at my paper statements. I do all my banking online and just keep my paper statements in a file cabinet. They told me I could cancel it but I never requested it or signed anything approving it.

This bank also seems to figure out ways to make pending debits priority over credits to increase late fees. I would not have this issue if I always had plenty of money in my accounts but I don't feel this practice is customer-friendly. I have recently moved to a new bank and never been happier. Way too many choices out there to deal with shady companies like BB&T. Don't even get me started with some of their bank tellers who seem to be just as unhappy with the company.

Beware of "The Plus Fee"
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A fee for $2.95 recently showed up on my BB&T checking account. I had never been charged that fee before and was not informed that I would be charged it. I called my bank branch to see what the fee was. I was told "the computers are down" and they couldn't help me. I called another branch. The recorded message informed me that the bank was closed and I should call back during their working hours from 9 A.M. to 4 P.M. It was 9:20 A.M. I called a 3rd branch, where the teller informed me that the fee was for "the Plus Program, that used to be free, but now some customers were getting charged for it."

I told her I never signed up for the Plus Program, I didn't want it, and I was never informed I would be charged a fee for it. She said I had to come into the bank to sort out the problem. I work during banking hours and have no time to go to the bank for this kind of nonsense. I asked to speak to a manager.

Sat on hold for 22 minutes. Finally got a manager who said that "lots of people are complaining about that fee -- there must have been a system error." Of course BB&T isn't doing anything about the "error" unless you call and complain. The manager said she would take the charge off my account, but she "couldn't be sure" if I would be charged it again. Time to change banks. Monitor your accounts closely for new fees -- apparently if you don't catch the bank's errors, they will slap fees on your account.

Worst Customer Service Ever - Astoundingly Incompetent
StarEmpty StarEmpty StarEmpty StarEmpty StarBy -
Rating: 1/51

ALEXANDRIA, VIRGINIA -- I applied for a credit card with BB&T, came in twice to fill out multiple forms, and was told I had been approved and would receive my card in 1 week. A month later, I still hadn't received anything and called the bank's Customer Service to see what the issue was. They told me to call my bank, which then told me to come talk to one of their representatives in person.

To make a long story short, my application had not been processed despite my having received earlier confirmation that everything had gone through. In fact it was "lost" and I was informed that I'd have to go through the whole process again. Thus began another month spent visiting the bank multiple times to resign forms I had already signed, not to mention the countless phone calls and emails made to inquire on the status of my application and make sure everything was moving along. Each week was told that I would receive the card in 1 week but three months later, I don't have any card to speak of.

I am astounded by the incompetence of BB&T and plan to switch banks soon, which is unfortunate because I have been a lifelong customer. In the meantime, I have applied for a card with Capitol One, which has already sent me a letter and email welcoming me as a customer and informing me that I will receive my card in less than a week. Thanks CO! Good riddance. Run away from BB&T.

Something So Simple Turned Into a War
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JAMES ISLAND -- So I have been a loyal BB&T customer for 12 years, and I feel as if I have been betrayed. The countless times I have been let down and disappointed in this bank have left me emotionally distraught. Today I simply just went to make a deposit in my checking account and the ATM was not working properly and took my card in the process. Not allowing me to even insert my check.

I marched into the bank and frantically explained the problem to the ONLY teller that was working on a lunch hour (which makes no sense to me). She explained that she was unable to check due to being the only one working the drive through and the counter. I knew that was a lie because the relationship banker was just finishing up with a client and could have taken over for 10 minutes. Finally I had a chance to speak with that relationship banker and she told me that there was a gentlemen that came in not too long before me and had the same problem. WTF!

New Policy
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NORCROSS, GEORGIA -- My son had a student account with BB&T. They have a new policy they have implemented in the past year where they take out withdrawals immediately but hold checks. When it comes to timing on your account--they put through the withdrawals first so they can get their fees. They know EXACTLY what they are doing and are making a ton of money doing it.

My son deposited two birthday checks which they held (without informing us) then posted the withdrawals he made against those checks. They charged him $285.00 in overdraft charges. When my husband and son went in to speak with the bank, they gave them a register and said to keep up with your balance in the future. We another bank. We still can't see where he was overdrawn to begin with even if they held the checks but they are not willing to discuss it any further. It will take him a month to make $285.00 to cover those charges. Please DO NOT BANK WITH BB&T.

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BB&T Rating:
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2.0 out of 5, based on 4 ratings and
18 reviews & complaints.
Contact Information:
200 W. Second Street
Winston-Salem, NC 27101
800-226-5228 (ph)
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