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 Overdraft protection fees
Posted Thu October 15, 2009 11:49 pm, by Harry D. written to Citibank N A
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Overdraft protection fees. The recently instituted $10 charge for OD protection is outrageous, unfair and infuriating. To add insult to injury, this is for the privelege of paying a ususous 18% interest rate for the loan advanced. That is disgusting. I am currently online looking for other banks. I have been a Citibank customer since 1973 but I am looking to change that ASAP. I am so angry as I'm sure many thousands of people are. This is a stupid and unfair way to squeeze money out of customers and is totally unacceptable.You will find this short-sighted policy will hurt you in the long run.
The $10 OD protection fee should be rescinded immediately.
If you care, my email address address is harryd@outerstuff.com.
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by Super N. Posted Wed December 30, 2009 @ 12:07 AM
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dude, they are sick puppies. wells fargo is the same or worse. i
can't believe the fees they come up with for doing approximately
nothing. thye can't make money hosetly and straightforwardly, so they
play a game of "gotcha" instead. this is all to pay fat cats'
ridicuolus compensation packages.
sick, sick people.
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by Mack I. Posted Sat November 21, 2009 @ 1:27 PM
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The smartest thing you will ever do is get rid
of CitiBank.
These people are the absolute worst.
Tell them to kiss your "hind part", and change
banks.
Any bank would be better than CitiBank.
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by Just Jeffrey Posted Fri October 16, 2009 @ 8:57 AM
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"...for the loan advanced..."
This is the key. They are giving you a loan.
While I think 18% is a high loan, it is a loan. And one that any
customer can avoid by not overdrawing.
Now, there are plenty of cases where the customer is not at fault for
an OD, such as where a merchant makes an error. Or where the bank
makes an error.
But where the customer OD's the account, isn't it nice that the bank
will loan you the money?
Alternatively, you can "opt out" of OD protection. That might be a
better option.
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