I used to have an account at a bank. After I deposited a $300 paycheck, I payed a $105 bill with my card. I spent $10, $4, $5, $3 etc on random stuff..... So, when I called my bank to check my balance the next week, It was negative! I then found out that I can only spend $100 out of a freshly deposited payroll check.... They charged $35 for every transaction. Now my account is negative $472 dollars, closed and sent to collections. I have been informed that the fees are my responsibility and I know that at least $400 of it is overdraft fees and continuous negative balance fees. Is there any way to avoid paying all of these fees without it negatively affecting my credit too much?
You know this piss** me off. I know lots of people this happens to WHY DO they (the banks) let the transaction go through???? if the funds are not there???? WHY? Let me guess was this Bank of America? They sent you to collections in less the 2 weeks? I would march ,drive,walk,run what ever to that bank and ask WHY?? they let the transactions go through if the funds were not there???
Banks typically have a sign stating that funds may not be available immediately. Talk to the customer service rep and see what can be done to negate the fees.
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