Hi all,

so i am having a dispute over some fees with my bank. I have two checking accounts there and the fees are isolated to one account. I have refused to pay them while i fight with their escalations people. Today I go to check my balance and I am negative in the other account because the bank was withdrawn the amount of the fees as a "Loan Related Withdrawl"

Any word on the legality of this or what i can do?

RDP

Hmm....the bastards at my bank take like $10/month for fee's, and usually it's overdrawn....im not sure on the legality. Get a copy of the contract/w.e you signed. If you didnt sign anything ask them why they've overdrawn your account. Im pretty sure they can only take money from a specific account, and anything else isnt legal. Ask them, be firm to them. Tell them your considering getting legal action.

Otherwise an ak-47 and a few thousand rounds of ammo will do the trick(and a buddy with full body armor of course :))

http://en.wikipedia.org/wiki/North_hollywood_shootout

Mark it as a loss and never hope to see that money again. I fucking hate banks and only use them when I absolutely have to. Since you are negative in both accounts I wouldn't use that bank ever again. Really the first thing I would do is go into the bank in person and talk to them. Tell them how long you have been a customer and name some family members that use them and how long they have been customers. Tell them you don't think its right that they immediately take money from your account without resolving the first dispute. Be nice and baffled as to why they would take money from you. For some reason this really hits a heartstring on some of the greediest jew bankers. The long time customer who can't fathom why a bank would remove money from their account. Put the idea of them STEALING your money as far back in your mind as you can. Clear you head and be a dumb ass who thinks this is a clerical error. Talking to bankers in person has always worked in my favor. Usually I just start out being super nice and pretending really hard to act like I understand that errors happen. If they ever try to end the conversation or get an attitude I immediately change to my natural self. Evil, conniving, vengeful, hateful, knowledgeable, and dangerous. 99% of the time they will give you what you want before you have to reveal your true, disgusting face. The few times I have had to show that side (always over a fucking large transfer) they immediately cave in. They probably think I'm really not worth the trouble I'm about to cause if they don't give me what I want. If they do give you your money back withdraw it immediately. Just remember that they can and do bend the rules. They can and do all the time. Its called doing business.

My bank has a system that you can sign up for where you tie one account to another one. If you overdraw from one it automatically transfers the amount needed to balance that account from your second account. It's supposed to stop you from getting overdraft fees since you have a "backup" account.

It could of just been automatic, just keep that in mind.

If you win your argument with your first account they should undo everything they have done after the point they faltered.

One of my parents had a Bank Account that was setup to automatically bill-pay their Utilities, Car, Etc. One month the bank accidentally sent out 2 checks for our Utilities. They canceled the second one but it took their account in to the negative. That was a $35 charge on top of the negative amount showing up. It took two months t get that sorted out (mostly because my parents lived over seas so they couldn't correspond in person) and by that time their account was under $240 in fees alone. The bank undid everything once we proved they fucked up.

You need to setup your accounts online so you can monitor them like a hawk. That's what I do.

Very simple. Tell the bank manager you are here to withdraw all the $ from your account to take it to (insert name of their least favorite competitor here) and tell them why.

Watch fees start to be credited to your account to keep you as a customer.

Feels the anger in this thread.

I work for a bank, this thread makes me feel loved.

Basically the first thing to remember is don't go in and start off aggressive straight away this will make the person you are dealing with less likely to help you, It is always a pleasent surprise when people come into the bank for something like this and don't abuse the shit out of us for no reason. Makes us more charitable.

Now the bank I work for is in Australia so if you not in Aust. Im not sure how different the FSRA and other Banking laws are over there.

First of all do you have a loan with the bank?
Lots of banks charge quarterly or annual Loan administration fees that can either be charged to the balance of your loan or debited from your account (Please check your contract) If not this loan fee maybe what is called an honor fee in Aust which is where they charge you for your balance going under $0 although I cannot see a point in debiting this from an account which puts that in the red.

As for Fees and charges unfortunatley yes the bank is well within its rights to withdraw fees and charges from your account.

Find out what the fees where for and then ascertain whether or not you where charged an "Honor Fee" for your balance dropping below Zero quiet often if this is the case they are happy to reverse this if you are happy to pay the original fees.

So basically your very best course of action is to go in ask to see you some be veryt polite and not overly pathetic (As that is annoying) and act like you want to find the best way to sort it all out so it never happens again as you value your banking relationship with them, This putting them in a good mood may get some fees reversed.