This article was published last week in The Consumerist, documenting a success story of a Bank of America customer that was able to get $315 worth of overdraft fees refunded with a simple letter to his bank. This is a prime example of how contacting your bank and threatening to take your business elsewhere can have a profound impact on getting your overdrafts back. I would again encourage everyone to keep hope…
Posts from ‘June, 2009’
Lesser Of Evils
In an earlier blog post I referenced potential legislation that is working its way through the system. The current demands are that banks require customers to opt-in to the overdraft program as well as require ATM’s and POS (point of sale) modules to alert the customer that they are about to overdraft their account and allow them the option of returning their potential purchase. Sounds great doesn’t it? No more…