F bank penalizes kid with $4.85 in his account by charging him $234.95 in fees in two

[Ponce]

F bank penalizes kid with $4.85 in his account by charging him $234.95 in fees in two weeks.

A young man left $4.85 in his TCF Bank account. TCF assessed him a $9.95 "maintenance fee" for not having enough money in his account. Then they charged him for being overdrawn by $5.10 (ten cents more than he was allowed by their rules). In less than two weeks, they'd assessed so many fees and penalties against the account holder that he owed them $229.10. All for having the temerity to have a low-balance account. The bank said it was his own fault for not having more money. Finally, they relented -- only after being contacted by a newspaper.

No link...........

[solid]

Poor kid. The banks can be their own worst enemies though. This kid will probably grow up hating the banks. Future gold and silver bug, this kid did learn a very valuable lesson. Painful now, but will pay off in the future for him.

[midnight rambler]

They're merely teaching the kid a lesson in fiscal responsibility. Maybe this act of genuine good will encourage this kid to get a degree in 'finance' and he will go to work in the highly productive financial services field where his work there will benefit everyone. A win-win for everyone!

[still afloat]

And here I thought I was the only one screwed by the banks. LOL
I was charged by my bank because I had an inactive account , yep I had money in the account and was charged because I didn't take any out .So after that one time I pulled out all but $1.00 and now I deposit .01 cent one month then withdraw .01 cent the next month . Yes the teller told me the first time the computer probably wouldnt allow that but it did so now I just do it to waste their time .So yes I have an active account . Sorry 5/3 but you made the rules!!

[PatColo]

http://www.youtube.com/watch?v=RAKsMnAM8vk