Swindled by Bank: My €14.06 Check Cost Me €27.50

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AI Thread Summary
The discussion highlights frustrations with banking and service charges, particularly in relation to foreign currency transactions and unexpected account changes. A user expressed shock at being charged €27.50 for a €14.06 check deposit, illustrating the high fees banks can impose. Another user shared their experience of being switched to a higher minimum balance account without notification, leading to an unexpected fee. The conversation reflects a general sentiment of distrust towards banks, with participants sharing anecdotes of hidden fees and poor customer service. Additionally, there are complaints about high charges from phone companies, emphasizing the importance of scrutinizing deals and understanding terms. Overall, the thread captures a common sentiment of dissatisfaction with financial institutions and their practices.
Monique
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Even by your own bank?

A few weeks back I deposited a €14.06 check in foreign currency. The bank was very helpfull in filling the forms in for me.. they never told me what the charge would be.. I was naive enough to think that it couldn't be more money than tranferred.. right?

THEY CHARGED ME €27.50!
Bastards! :)
I would have made more money buying a nice frame to hang the check on the wall..
 
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That really stinks!

My wife and I just changed banks because they changed the type of account we have without even telling us. They moved us from a minimum $500.00 balance account to a $1000.00 minimum balance account and never told us they did it until they charged us $14.00 for being under their brand new minimum!

Banks are *EVIL* aren't they Monique?
 
Originally posted by Artman
Banks are *EVIL* aren't they Monique?
They ARE! When is the last time you saw your money? On the little paper they send you each month? Who says you still have it
 
My bank has a bad habit of not deducting my spendings until the day before my car payment comes out in hopes that I'll be short on funds.

I went in the hole 27 cents one time and got charge 20 bucks.

But I also have to give them credit for saving my butt once. I got tricked by some telemarketing scam that called me at like 7 am one morning. Long story short, they took about $300 from me, but the bank was quick to stop them and turn them in for me, plus getting my money back.

And now my Kia is broke down and there jerking me around on the warranty.
 
Read the small print folks...!

and remember, if a deal sounds to good to be true, it ISN'T true!
 
Apparently.. the US phone companies also know their ways. A friend of mine was offered a long-distance phone card to be used in the US, charges? 50 cts/m .. a call from the US to the Netherlands costs me 6 cts/m .. how can inside the US be so expensive??

I once called from the Amsterdam airport to the US, charges? You won't believe it: 20 seconds (I got an answering machine) cost me $40 ! I called the company who took the call and asked what the heck they thought they were doing, they offered me a $9 credit, for a 20 second call!

MCI called (US phone company) they had a deal, first month only $20. I was only staying for another month so I took it. Yesterday I got the bill: $70. I immediately sent them an email that I am not going to pay that bill. They send an email back, those are the charges, you have to pay. I again send an email: your company made a gross mistake and I will tell everyone not to consider MCI as their carrier. Guess what: I just got an email that they are going to credit me the full amount
 
Every day we learn new things. Sometimes it's just a small fact or realization. No matter how trivial or random, let's start recording our daily lessons. Please start off with "Today I learned". Keep commentary to a minimum and just LIKE posts. I'll start! Today I learned that you clean up a white hat by spraying some cleaner with bleach on it (rinse before putting it back on your head!)
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