I started this site after growing frustrated with outrageous overdraft fees. Here is my story:
My previous bank was a regional one that grew from acquisitions. Due to my agreement with them, I offered to not follow-up with my media contacts if they returned my money. Although Bank News Now is not the media, I think it is close enough and I would be dishonoring my word by naming them.
One day I went to the ATM knowing I had a lot of money in one account and not much in the other. Although I had both a business and personal account, the check cards were exactly the same except for the business name being printed on with the additional of the word “business” in a small 7 or 8pt font.
I stuck my card into the machine and tried to take out $400. The ATM had a limit of $300 so I took that out, put my card back into my wallet and then remembered that I had to make a second transaction to get more out. I thought I pulled out the same card but I didn’t. I put it in, punched in what I wanted and money spit out.
