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  1. #1
    Join Date
    Sep 2004
    Location
    Not Of This World
    Posts
    21,642

    Thumbs down AP IMPACT: Jobless hit with bank fees on benefits

    First, Arthur Santa-Maria called Bank of America to ask how to check the balance of his new unemployment benefits debit card. The bank charged him 50 cents.

    He chose not to complain. That would have cost another 50 cents.

    So he took out some of the money and then decided to pull out the rest. But that made two withdrawals on the same day, and that was $1.50.

    For hundreds of thousands of workers losing their jobs during the recession, there's a new twist to their financial pain: Even when they're collecting unemployment benefits, they're paying the bank just to get the money or even to call customer service to complain about it.

    Thirty states have struck such deals with banks that include Citigroup Inc., Bank of America Corp., JP Morgan Chase and US Bancorp, an Associated Press review of the agreements found. All the programs carry fees, and in several states the unemployed have no choice but to use the debit cards. Some banks even charge overdraft fees of up to $20 even though they could decline charges for more than what's on the card.

    More at link:

    http://news.yahoo.com/s/ap/20090219/...bless_benefits


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    10 There shall not be found among you anyone who makes his son or his daughter pass through the fire, or one who practices witchcraft, or a soothsayer, or one who interprets omens, or a sorcerer, 11 or one who conjures spells, or a medium, or a spiritist, or one who calls up the dead. 12 For all who do these things are an abomination to the Lord. (KJV)

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  2. #2
    Join Date
    Oct 2005
    Posts
    2,916
    Quote Originally Posted by Dark Knight View Post
    First, Arthur Santa-Maria called Bank of America to ask how to check the balance of his new unemployment benefits debit card. The bank charged him 50 cents.

    He chose not to complain. That would have cost another 50 cents.

    So he took out some of the money and then decided to pull out the rest. But that made two withdrawals on the same day, and that was $1.50.

    For hundreds of thousands of workers losing their jobs during the recession, there's a new twist to their financial pain: Even when they're collecting unemployment benefits, they're paying the bank just to get the money or even to call customer service to complain about it.

    Thirty states have struck such deals with banks that include Citigroup Inc., Bank of America Corp., JP Morgan Chase and US Bancorp, an Associated Press review of the agreements found. All the programs carry fees, and in several states the unemployed have no choice but to use the debit cards. Some banks even charge overdraft fees of up to $20 even though they could decline charges for more than what's on the card.

    More at link:

    http://news.yahoo.com/s/ap/20090219/...bless_benefits

    I'm so glad we switched to a credit union and don't have to deal with that nonsense.

  3. #3
    Join Date
    Oct 2004
    Location
    Knightsbridge
    Posts
    16,856
    Well, that really stinks. Those darn banks got a ton of money and they are still inclined to mess over people. Unbelievable, sadistic, but not unexpected really.

  4. #4
    Join Date
    Apr 2007
    Location
    Missourah
    Posts
    3,447
    Quote Originally Posted by raisincharlie View Post
    Well, that really stinks. Those darn banks got a ton of money and they are still inclined to mess over people. Unbelievable, sadistic, but not unexpected really.
    Jars. Shovel. Behind the barn.
    Just sayin.


  5. #5
    Join Date
    Dec 2008
    Location
    Penn's woods
    Posts
    17,195
    Quote Originally Posted by snowshuze View Post
    Jars. Shovel. Behind the barn.
    Just sayin.

    Heh, you read my mind!
    "Three things in human life are important: The first is to be kind; the second is to be kind; and the third is to be kind." ~ Henry James

  6. #6
    Join Date
    Nov 2008
    Location
    England
    Posts
    767
    Quote Originally Posted by raisincharlie View Post
    Well, that really stinks. Those darn banks got a ton of money and they are still inclined to mess over people. Unbelievable, sadistic, but not unexpected really.
    Being a Brit, I know all about greedy banks and their exorbitant charges. We've had a mass revolt by 1000's of bank account holders here in the UK for the past couple of years. Initially the banks were paying back 1000's when challenged in court by these customers, but now the whole issue is being thrashed out between the banks and our Office of Fair Trading - first in the High Court and now currently in the Court of Appeal. Judgement is due next Thursday and we are all keeping our fingers and toes crossed for a fair judgement.
    Oh what a tangled web we weave,
    when we set out to deceive!



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