- Report: #214358
Complaint Review: Old National Bank - Evansville Indiana
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Old National Bank
oldnational.com Evansville, 47591 Indiana, U.S.A.
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Old National Bank ripoff dishonest late posting ATM withdrawals then charging $33 NSF Evansville Indiana
I withdrew cash from an Old National Bank ATM on Monday at 5:00 p.m. and again at 6:00 p.m. That night, checks were posted to my account but not the ATM withdrawals. They were never posted the next day either, when clearly I had a positive balance. On Tuesday night/Wednesday morning, more checks were posted to my account and one of them caused my account to be overdrawn. It was only then that they posted the ATM withdrawals from Monday to my account and proceeded to charge me $33.00 each for Non-Sufficient Funds when clearly there were funds in my account at the time. I contacted the bank and was told by everyone that this is how they do business and they were not going to refund the $66.00 in fees. If this is not creative stealing by the bank, please tell me what it is. I feel a Class-Action Lawsuit would be in order to put the brakes on these out of control banks. The bank lobbyists have to go. The laws must change. Its the rich "ripping-off" the poor.
Re
Vincennes, Indiana
U.S.A.
Re
Vincennes, Indiana
U.S.A.
3 Updates & Rebuttals
Debbie
Cannelton,Indiana,
U.S.A.
Not At Fault
#2Consumer Suggestion
Thu, February 14, 2008
I agree with Cody, this isn't really the bank's fault. If you check your balance online, be sure to compare it to your bank register. Sometimes if you write a check to an individual it doesn't "hit" your bank right away as they may hold it, it goes to another banking facility for processing, then to your bank. A common occurance is that a lot of people do not use check registers either paper or on their computers. This is good banking practice...that way you know that you don't have enough money to withdraw....the ONLY complaint I have against ATM's though is that if you do not have enough money in your account, it still lets you have money....many years ago when I received my first ATM card, this was not allowed. Times have changed as I am sure that the banks have seen this as a way to collect fees....
Cody
Alvin,Texas,
U.S.A.
The bank is not at fault here
#3Consumer Suggestion
Thu, October 05, 2006
I agree that some of the banks do try to catch some people with this stuff, they make tons of money in NFS charges, however, this is noone's fault but your own and could easily be avoided. It is irrelevant when they post a withdrawal or check to your account. You made the cash w/ drawals and you wrote the checks. You should always have enough cash in the bank to cover every single debit or check YOU have written, at all times. You clearly stated some checks cleared, then more checks cleared, over drawing your account, then the debits posted. You withdrew/wrote more $$ in checks than what you had in the bank, how is that the banks fault?? Sorry, but I am very confused here. In order to avoid this in the future, follow the guide lines listed below. Example 1: Acct. Balance: $500.00 Checks Written: $280.00 Debit/Cash W/draw: $100.00 Result: You have sufficient funds to cover. Example 2: Acct. Balance: $500.00 Checks Written: $400.00 Debit/Cash W/draw: $180.00 Result: You are overdrawn, expect a service fee! It is simple math, really. Cody
Cory
San Antonio,Texas,
U.S.A.
Interesting
#4Consumer Comment
Thu, October 05, 2006
If there's money in your account, it probably shouldn't matter when the they "hit" your account, be it Monday night or Tuesdaday night or even Wed. night. You said on Tuesday night/Wednesday morning MORE checks, you had written, were posted to your account. Do I figure that you got an online or onphone balance, assuming your ATM withdrawls had been posted and then wrote some checks based on that balance. I guess your thinking is they manipulated their system to make everything "hit" at the same time thereby causing your NSF's. Or, is there some other way of looking at it? The reason I ask is that the usual post is about the order in which the checks are posted. Largest to smallest This is the first time I've read about something like this.
