On Monday I went to the mailboxes and learned that my checking account was overdrawn and the bank was piling on overdraft charges for every transaction. I had made quite a few, some for minor purchases, so we turned the truck around and have been living without provisions ever since. “How could I have been so irresponsible?” I asked myself.
I had emailed the manager of our branch of the bank just days before, requesting that she float an “overdraft protection” loan to help me make ends meet until my Social Security check arrives next week. “How could I have been so out-of-touch as to allow over $440 in unnecessary overdraft charges at the very time that Derek was arriving and needed to be reassured that he had arrived in a safe place?”
Now the mystery of my “irresponsibility” is solved. The bank manager never made the “check credit” transfer. Despite clear instructions to the contrary, my account was about $800 lighter than I’d thought. I am relieved to have the explanation of the discrepancy… not at the least because I now know I’m not losing my mind and am treating contributed monies as frugally as I can. I owe that much to you.
Yet this still does not address the bank’s exorbitant overdraft charges, which never should have been levied in the first place. Truly, the money should be put to better use—for kids—than bank charges. How extravagantly wasteful! The bank did nothing to earn the charges and, in fact, has made my situation much more difficult as a result.
Yesterday the improper charges were reversed by the bank, but they want me to find another institution to work with. This is a huge inconvenience, but it is better than being ripped off. No banking relationship is worth in excess of $400 or $500 for the mere privilege. No one should have to submit to such extractive practices. Plus, this is the only bank I’ve ever heard of that closes everyday for three hours over the lunch hour.
Don’t you think I need a change, anyway?
86° Cloudy and Rain