Online Payday Loans News Break: Getting refunds on overdraft fees

DAVE LIEBER Amanda Godawski and Cecilia Harsch both battled banks over unfair overdraft fees. Beating the odds, both won and got part of their money back. Godawski turned to a congressman for help. Harsch got relief from a federal agency that oversees banks. Take note. Both stories show how to fight banks when they ignore your complaints about overdraft fees. This problem is not going away …

Your Online Payday Loans News Source Quoted With Edits From: The Watchdog: Getting refunds — and satisfaction — on overdraft fees run amok (Fort Worth Star-Telegram)

Overdraft fees, a runaway snowball

Overdraft fees are just one of the many rising fees, banks are accused of using to there advantage when customers overdraft their accounts. Small, insignificant amount’s that are left unrecorded can quickly become gigantic if not caught early in the process.

Some times however, customers find themselves seeking a cooperative representative at the bank hoping that they will jump at the opportunity to forgive a minor mistake, for the opportunity to establish customer loyalty. This assumption is not proving to be very proactive and more people are turning to online payday loans to cover those overdraft fees.

It’s you against the bank, can you win?

You against the bank. Can you win, or will you need online payday loans?

The article which you can visit from the link above, gives two customer testimonies, both of whom, drew their swords to defend themselves from the tyranny of the banks uncooperative actions towards them.

Both honest mistakes, the banks showed no mercy in pursuit of collecting these fees which they had charged the customer.

The first customer accrued fees after funds which she had transferred into her account using her home computer failed to go through. This innocent mistake which you think would be much deserving of the banks cooperative attention cost her $579 in overdraft fees and a $7 dollars per day in charges.

The second customer used an ATM that belonged to another bank other than her own, and was hit with some unexpected charges which through the balance in her account off, racking up over a thousand dollars in overdraft fees.

It does seem somewhat apparent that the banks, like most other business’s these days, try to get the extra buck wherever they can by devising a system of any possible means to do so.

For those of us who have been victims of such a system, you can glory in the success of these two individuals who got not all, but a portion of their money back.

To regulate, or not to regulate? That is the question.

This leaves us and important question to ponder. Do we need to be more responsible as to avoid these unsuspecting circumstances or should we cry out for government regulation on the banks to help us? As much as you or I disapprove of the banks practices, additional government regulation any closer to our personal finances is worrisome.