Court upholds $12K bank overdraft fee

Sep 23, 2010 | Posted by: roboblogger | Full story: WOODTV.com

North Dakota's Supreme Court said a bank acted reasonably when it charged a customer almost $12,000 in overdraft fees.

Comments
1 - 8 of 8 Comments Last updated Sep 24, 2010

Since: Oct 08

Rushville, NY

#1 Sep 23, 2010
That's just plain ridiculous. I hate banks.
anthony bozeman

Akron, OH

#2 Sep 23, 2010
Banks are greedy and have no sympathy for people unless you are rich.
pokerface

Baltimore, MD

#3 Sep 23, 2010
yep
McGillicutty Honeysuckle

Peoria, IL

#4 Sep 23, 2010
Oh yeah because it's the bank's fault this lady had 800+ overdrats

give me a break

“Knowledge Changes Perception”

Since: Apr 10

In The Know

#5 Sep 24, 2010
McGillicutty Honeysuckle wrote:
Oh yeah because it's the bank's fault this lady had 800+ overdrats
give me a break
Most banks decline the transaction long before it's that out of control...

“Free Speeech in a Free World ”

Since: May 10

Location hidden

#6 Sep 24, 2010
I am wondering if the judge has a financial or some other relationship with the bank.

“Snow days!”

Since: Nov 08

A winter wonderland

#7 Sep 24, 2010
Selene Beau Pre wrote:
<quoted text>
Most banks decline the transaction long before it's that out of control...
I agree. I can't understand why they allowed the overdraft to get so out of control. It's a case of caveat emptor- buyer beware. The customer knew the banks terms & by using the account, accepted them.

“....VETS”

Since: Jan 08

WELCOME HOME

#8 Sep 24, 2010
she has 842 over-drafts and you think the bank is greedy ,

Court records said from January 2004 until June 2008, Cavett was charged 842 overdraft fees. They varied according to the overdraft amount. The bank charged $100 a day for carrying an overdraft greater than $10,000.

time to see the real world

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