Excessive Overdraft Bank Charges
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As an average paycheck-to-paycheck worker I like many less wealthy Americans am affected by the harsh overdraft penalties subjected by the banking industry. In this day of electronic banking I cannot see where the cost to a bank for a single overdraft can equal the 30 or more dollars that they charge per incident. These stiff penalties greatly hurt those of us who obviously already have money problems. There also seems to be a practice of entering in transactions from highest to lowest as to maximize the amount of charges. Although I believe that there should be penalties, I think that the government should regulate these practices so that no overdraft charge should be more than equal to the amount of the initial transaction. Also transactions that hit an account at the same time should be entered in from lowest to highest as to minimize the amount of charges. The banking industry should be in the business of protecting its patrons assets especially since we allow them to use our money often without any compensation (the average checking account pays out no interest).
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Goal
778 signatures
Goal: 1,000
Latest Signatures
20 February 2016
18 February 2016
13 February 2016
12 February 2016
12 February 2016
8 February 2016
8 February 2016
4 February 2016
26 January 2016
25 January 2016
23 January 2016
14 January 2016
767.
Randal Nl
|
I aquired 1075.00 in fees, in a week before they declined my Visa Atm card
State
Ca
City
San Diego
14 January 2016
29 December 2015
28 December 2015
764.
Haydee M
|
this is ridiculous banks are making a fortune off of hardworking citizens
State
texas
27 December 2015
23 December 2015
23 December 2015
761.
Shawn L
|
Banking has become legalalized Loan Sharking
State
California
City
Oceanside
Political Party
Independent
22 December 2015
760.
Maury Mk
|
Look at Wall St. on Sept. 16th,2007. Get rid of the crooks.
State
Fl
City
Daytona Beach
Political Party
Democrat
19 December 2015
759.
John S
|
It is less costly to deal with the mafia then banks
State
Nevada
City
Henderson
Political Party
non
18 December 2015
17 December 2015
16 December 2015
10 December 2015
6 December 2015
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