Tim B
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Banks want to add to their profit gain. In most banks they post from highest to lowest. So, be careful you could end up paying an NSF for a McDonald's meal that never cleared. Make sure to set up overdraft protection with link to a money market or saving account. If you are in doubt call customer service or speak with a personal banker. Don't worry call them everyday, because it is about educationing you about your money and banking....
PS: Stop giving the bank unnecessary money on the NSF FEES
Open up a saving a account a let them pay you money in a interest bearing account..... |
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g.mom2006
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i just went thru this with can i say b o a? anyhow they gotme for 34.00 + 34.00 + 34.00 + 68.00 +68.00 ++++ well you get the idea, they never told me they just kept taking it, i kept cashing my check and thinking i had $$$ there, my sister would drop $$ into my account and the bank would just suck it up!!! theres got to be a law... there crooks i say!!!
im changing banks, where im not being robbed! |
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sean_mchugh6
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cause the rich get richer and the poor get poorer. ....its a lot easier to pick on the little guy! |
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creativereading
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Because you should have had the money in there before you tried to spend it and it costs them money to have to communicate to the person you wrote that bad check to that you didn't have the money to pay them like you were supposed to. Balance your checkbooks people. Of course, mistakes happen, but with a NSF charge, you are more likely to make sure you keep your balance up to date. |
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Nancy Kay
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to punish you for writing a check on money you didn't have...just be lucky it's just a bank charge and not the cops, because it is illegal to write a check without having the money in your account. |
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southerngirl84
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Because they want to punish people for vagrancy. Bankers are rich, greedy bastards. If they were really good people, they would lend you some money to cover the bounced check. |
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Jerry
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Fees, especially NSF fees are a HUGE money maker for banks. What they are doing is providing a service by allowing you to overdraft your account to pay any items that may be outstanding. The plus for you is that you get the item payed and not returned. If the item is returned you will only pay more fees than if the bank payed it.
Try to only spend what is in your account by logging everything into an account register. They are free at your bank's branch and a banker will gladly give you one or two or three. Also, If your not that great at keeping track of how much money you have...or don't have, then I would consider "Opting Out" of your banks Overdraft Consideration service. Just know that if you do this, the bank will not pay any itmes that you have outstanding.....like a rent check, or car payment.....if you don't have the money in your account.
Good Luck! |
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MrClegg
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They aren't a charity - they provide a service and when you bounce cheque you pay for that service.
They're git's though |
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skigod377
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Greed. |
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FnK
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They're merciless. |
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Tamborine
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Because by bouncing a check you have created additional expenses for the bank and they are trying to recoup those costs. They are assuming that you will make a deposit to bring your account out of the red and will therefore make good on the charge. To not do so would severely damage your credit. |
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foodlover
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Believe it or not, it affects their credit rating! |
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tressa1220
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As punishment. They know eventually you should have money in your account and some of it is theirs for your mistake.
It is somewhat redundant in that they know you don't have money and yet they are trying to take more, but what else could they do? You broke the rules; that's all there is to it. |
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Shoki
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NSF, fee is not charged on the money you "don't have" yet in the account, but the money which will be "coming in" the account. Of course they are teaching U, how to "cut ur' coat according to your cloth." |
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lillian d
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because they want your money and it is the banks policy to charge those fees |
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