PNC Bank N.A. Bank Account Or Service Complaint

PNC Bank N.A. Bank account or service department,

Checking account Problems caused by my funds being low Texas

Banks are free to over-charge consumers with astronomical overdraft fees for transactions, particularly when a consumer makes an HONEST effort to make deposits the same day or -3 days prior to cover insufficient funds. The FDIC Truth in Lending, Congress or the President of the United States should regulate the overdraft fee. America 's big - banks made over $5.00 billion last year from overdraft fees alone. The result is that JPMorgan took in $1.00 - from customer overdrafts. Bank of America and - - took in $1.00 - each.


Fees on the " regular - '' bank account made up about 4 % of operating revenues for America 's biggest banks last year, according to - -. Overdraft fees, which represent approximately 60 % of the fees charged by banks. Only 10 % of the population pays 75 % of the fees, and they tend to be the most economically vulnerable, including our troops, consumers who are between jobs and making effort to cover transactions, and consumers who travel on the road frequently. According to data collected by the Federal Deposit Insurance Corporation, overdraft fees collected by big banks are up 6 % from a year ago, the - reports. " Over the years, overdraft programs have become a significant source of industry revenues, and a significant reason why many consumers incur negative balances, '' CFPB Director - - said in -. " Too many problems with overdrafts can cause people to give up on the banking system or force them out of it altogether. '' Losing that much money to fees can make it difficult to pay necessary bills and make loan payments, which can end up damaging a person 's credit standing.