http://www.consumerismcommentary.com/2009/11/12/federal-reserve-issues-new-rules-for-overdraft-fees/

Because they would be killed soon ANYWAY, that’s what livestock is for- raised in inhumane conditions, and trucked in a jammed truck across the country to be brutally slaughtered for the dinner plate on a per pound valuation.

I’m so glad I don’t eat this putrid flesh raised in misery and thereby support azzholes like the attempted dog murderer.

So….. how did the thieves get my debit-card number in the first place, on a card almost never used? Either it was taken from someone at Apple’s iTunes… or it was from Compass Bank itself. Now, get this, I googled Compass a little and found out that a Compass employee had been arrested. He was a computer programmer who stole over 1,000,000 debit- or credit-card numbers in 2008. So, most likely, mine was one of those numbers.

Further, Compass Bank made no system-wide disclosures to their customers that there was a system-wide internal breach in their computers. And significantly, probably saved tons of money, by not having to re-issue cards/numbers for all of their customers. So, their customers continue to be victimized by their negligence.

Also, in checking a few websites, most of the computer breaches in 2008 were NOT at banks, but other institutions, either 3rd party data handlers or at big companies that just sell their product and maintain customer’s financial records. So, according to one list, there were only two banks out of the top 10 breaches of security in 2008, a small New York bank and Compass.

Now, even worse for me, I never really chose Compass in the first place. I had belonged to a very small bank for 10 years that had been gobbled up by BBVA (one of the world’s largest bank). BBVA also gobbled up Compass and combined all their banks unders this same branch.

So I got stuck with a bad bank, with poor customer service, predatory business practices, and security breaches in their system. By the way, Compass’s headquarters are in Alabama which is one of 11 states that does NOT require a bank to inform consumers of major credit breaches.

After many hours talking to the customer “service” at Compass, there was no disclosure at all and I was made to feel at fault. Made to feel at fault! How terrible, considering that I was most likely in the situation due to Compass negligence!

I am now of course “disputing” the charge. The charge has been taken off during this disput, but guess what They have not removed the $38 dollar charge.

I’ve already asked Compass this very question, and all I got was a lot of banking jargon that amounted to “tough luck”.

When I deposit checks I receive from customers, my customer’s personal checking accounts are withdrawn electronically using “check 21′ at the time I make the deposit. I won’t be credited until midnight.

Their merchant service (I can charge my customers’ credit cards) is carefully set to deposit my money immediately after all withdrawals for the day are counted. Sometimes it takes 48 hours to receive the money that I am supposed to have in “24 hours.”

I am very unhappy with BBVA Compass right now. This has been a good year for my business, meaning I have a lot of deposits and withdrawals. Their system is carefully engineered to manipulate your account into overdraft. There is no way to cancel their “overdraft protection.” They will wait an extra day to credit a $1500 visa deposit from a customer, then allow your account overdraft all day long being charged $38 per over draft. The overdraft charges always seem to occur on small things like an $8.00-$20 transaction.

I feel like these guys have just embezzled $700 from my business this month. Oh, even if you wake up in the morning and notice merchant services didn’t feel like posting your deposits you are out of luck with Compass– EVEN IF YOU RUN DOWN TO THE BANK WITH CASH BEFORE ITS OVERDRAFTED! “SO SORRY DEPOSITS ARE CREDITED AT MIDNIGHT!!”

I call today and find out because my rent check was DATED for the 1st, even though it did not get to the bank until the 2nd, they NSF’d it. They are clearing it today along with a $38 fee. Was told the “people in the back” look at the check date and decide whether there was enough money in the bank at that time…. unfortunately for me, I was $1 and change short on the 1st.

So beware, now they go by check DATES rather than the day the check is presented for payment. Total B.S.

( I doubt you guys have those degrees because you wouldn’t be posting on this forum, you would be too busy working with a high profile job or teaching at a university).,

(I SWEAR ON THIS!!!)

(NOT HARD!!!).

(BIG DEAL!!).

ADMIT IT!!)

Nobody here has said they hadn’t, at some point, made a mistake regarding their accounts (okay, maybe a couple have)… people make mistakes, we’re not perfect… the point here is that Compass Bank counts on people making mistakes… their entire operating system is designed to capitalize on their customers’ mistakes… deposits aren’t credited until the end of the day, until after all charges (checks, debit transactions, etc.) have been processed… why? I’ll tell you why… mo’ money for Compass Bank if something bounces… the charges are processed in the order of largest amount to smallest amount… why? Mo’ money for Compass Bank when the largest charge sucks all or most of the money from a customer’s account, leaving not enough funds to cover other debits that still need to run through… and again, all of this going on before a single solitary deposit is processed… why, when processing the deposits first might completely eliminate the NSF factor? Because doing it the way the do it means mo’ money for Compass Bank… then we’re talking about the NSF charges… $38 a pop… why, when many banks charge much less and it does NOT cost a bank that much money to return a check? Obvious: mo’ money for Compass Bank! There’s a credit union right here where I live that processes deposits to accounts as soon as they’re made, any time of the day, but holds all charges against an account until the end of the day… is there a real reason Compass Bank can’t do the same? Sure there is… because not using unfair (not to mention unscrupulous) business practices wouldn’t mean mo’ money for Compass Bank… it would mean less money for Compass Bank… in my opinion, it’s time someone stepped in and started better regulation of the banking system in order to keep crooked banks like BBVA Compass Bank in line!

CONTRACT – An agreement between two or more competent parties in which an offer is made and accepted, and each party benefits. The agreement can be formal, informal, written, oral or just plain understood. Some contracts are required to be in writing in order to be enforced. (2) An agreement between two or more parties which creates obligations to do or not do the specific things that are the subject of that agreement. Examples of a contract are a lease, a promissory note, or a rental agreement.

Ok, so the lesson here should be learned. This bank, and believe me other banks (I SWEAR ON THIS!!!) always have a system that will select which items will be paid first. If you dislike this system or think its unfair you have 2 choices.

1.) Set up an auto transfer account— (NOT HARD!!!). Open up a savings account with $1000. 00 that is linked to your checking so anytime you overdraw, the account with cover you.
2.) Set up Overdraft line of credit for $10.00 per year (BIG DEAL!!). Don’t think that you are just too good to balance everything perfectly or stop being cheap and pay the $10.00. I’m sure you all have been offered this service before but your Ego’s must have replied“Oh, no I don’t need that service, I never bounce checks, (I’m sure you all have said this, ADMIT IT!!)