As a general rule I'm not a fan of banks, as good as I am at math they always find a way to cost you money. Free checking accounts are hardly free when you go over by a penny and get a $35.00 NSF fee.
Today though, I'm pissed. I'm so pissed I'm going to talk to a lawyer today about starting a class action against Bank of America for their standards and practices being geared towards ripping people off.
Now you don't just get an NSF when you overdraw your account, you also get one if you have a pending charge that MAY overdraw it. So say you have 10.00 in your account, buy some munchies at Taco Bell for 10.01 and realize, "oh crap!, I better go deposit some money!". So you drive covered in taco remains like mario andretti to the bank. You arrive a mere 5 minutes after the purchase to put your penny in the account. Wiping the sweat from your brow (not sure if that was the volcano taco or almost sliding into a semi) you take a deep breath and feel a penny's worth of relief that you have escaped the fee and can have another day of Taco Bell in safety.
So much for relying on what would seem to be common cents. NO SOUP FOR YOU! you have already been assessed your NSF fee before you were even out of the drive through. Now you might be saying, well you shouldn't have cut it so close, or, you should've put a taco back ! WEll my friends that is only one of the many ways they have devised to take what you worked all week for. They will also assess it if the transaction is just pending, like if you rent a video game at Blockbuster and they put a hold on the money in your account but don't actually charge it if they get the game back on time. Well while that money is on hold you're getting hit with NSF's for anything else you did in the meantime plus the game rental even though that money will never be taken out of the account.
oh and one more thing, when you write a check out of your bill pay, they go ahead and take that too even though the check hasn't been cashed yet. Yeah, just because it's the standard practice doesn't make it right or legal, just sounds like corporate stealing to me. Who's coming with me?!?!?
UPDATE: I have a consultation with a lawyer to file a class action, anyone who wants in let me know :)