Received a letter from my bank recently, outlining my complimentary enrollment in the bank’s “Overdraft Privilege” program. The key points of this privileged status are outlined as such:
- Should an overdraft occur, your account will be assessed the standard NSF fee of $32 for handling each item even if paid by the discretionary Overdraft Privilege services.
- If multiple items are presented against your account on the same day, each item will be assessed the appropriate NSF fee or returned item fee of $32, up to a limit of five (5) fees per day.
- ___________Bank has the discretion, but is not agreeing and does not have an obligation to pay your overdrafts and we may withdraw or reduce the amount of this privilege at any time.
Guess the “Privilege” part is the part where you agree not to
accidentally, manipulate the circumstances so as to charge me more than $160 a day?
They wasted paper and a stamp to tell me this? Seems like they could have just given me the finger and spat on my shoes or something.
Right up there with the bank that charges me an overdraft for not having the money in my checking account to make a house payment that’s already been paid.
I’m beginning to think I’m really in the wrong business.