http://yourfinishrichplan.com/blog/2008/06/04/bank-overdraft-protection-fees-scam-fraud-ripoff-check-charges/ Where we put the emphasis on the personal in personal finance Wed, 09 Dec 2009 21:41:58 +0000 http://wordpress.org/?v=2.9.1 hourly 1 http://yourfinishrichplan.com/blog/2008/06/04/bank-overdraft-protection-fees-scam-fraud-ripoff-check-charges/comment-page-1/#comment-2943 Robert Martin Mon, 16 Mar 2009 00:58:13 +0000 http://yourfinishrichplan.com/blog/?p=90#comment-2943 My Bank - Compass (Where I am closing my business account and moving to another bank after over 20 years) has started to lump all checks & deposits togather from Thursday night until Tuesday morning, and then processing all the checks at once BEFORE processing all the deposits. (This is a business account where several small credit card charges under a dollar also come through). The result is that even though I keep a $1,000 positive balance in my account, tuesday morning I still will end up with several $38 nsf fees. If I call the bank and fight them, they usually will refund 3/4 of the nsf charges as I am a "Priority" customer. But I have had it with this "creative bookkeeping" and am moving my account which sees $300,000+ a year in deposits to another bank. Beware of compass bank and write your state banking commision if you have one. My Bank – Compass (Where I am closing my business account and moving to another bank after over 20 years) has started to lump all checks & deposits togather from Thursday night until Tuesday morning, and then processing all the checks at once BEFORE processing all the deposits. (This is a business account where several small credit card charges under a dollar also come through). The result is that even though I keep a $1,000 positive balance in my account, tuesday morning I still will end up with several $38 nsf fees. If I call the bank and fight them, they usually will refund 3/4 of the nsf charges as I am a “Priority” customer. But I have had it with this “creative bookkeeping” and am moving my account which sees $300,000+ a year in deposits to another bank. Beware of compass bank and write your state banking commision if you have one.

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