Wainwright Bank Stole My Grocery Money
Dec. 2nd, 2009 05:26 pm![[identity profile]](https://www.dreamwidth.org/img/silk/identity/openid.png){kind=small}
redheadedmuse.livejournal.com posting in ![[community profile]](https://www.dreamwidth.org/img/silk/identity/community.png){kind=small}
davis_squareAfter almost 10 years of doing business with Wainwright, I finally jumped ship this week after they charged me almost $100 in overdraft fees - even though my statement shows no overdraft at all.
As I said in my open letter to them, this is not just my issue. Banks are poised to rake in over $38 billion in overdraft fees this year, and Congress has just approved new regulations making the kind of sneaky accounting and overdraft "protection" racket Wainwright is using illegal. Those regulations haven't gone into effect yet, but I would have hoped our neighborhood "progressive" bank would be ahead of the curve in this important social justice issue.
I'm disappointed that a local bank that advertises itself as "banking on values" would treat its customers this way. It's a deceptive and predatory practice that traps financially marginalized people in a painful cycle of debt they can't get out of. Shame on you, Wainwright.
As I said in my open letter to them, this is not just my issue. Banks are poised to rake in over $38 billion in overdraft fees this year, and Congress has just approved new regulations making the kind of sneaky accounting and overdraft "protection" racket Wainwright is using illegal. Those regulations haven't gone into effect yet, but I would have hoped our neighborhood "progressive" bank would be ahead of the curve in this important social justice issue.
I'm disappointed that a local bank that advertises itself as "banking on values" would treat its customers this way. It's a deceptive and predatory practice that traps financially marginalized people in a painful cycle of debt they can't get out of. Shame on you, Wainwright.
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Re: solution
Date: 2009-12-03 06:54 pm (UTC)1. When I signed up here there weren't ads. And even now I don't see ads on anyone's pages except people who have "paid accounts" sponsored by ads (like Pywaket's). So to me, my account seems ad free, and I'm not aware of any ads on my pages. I don't know if others see any ads, as no one has said anything to me about them. But from what I understand, people who don't have accounts here, and aren't logged in do see ads if they click on one of my posts (to add a comment). Is that right? If so, at least there are no ads on my main page, where most of my content is.
2. My LJ isn't my outlet for quality content. It's my ranty, emotional outlet and testing space for unformed ideas. I don't expect anyone to read it, and rarely ever encourage people to do so. If I could figure out how to make an independent site and import my old LJ content into it, I'd probably do it. Though I appreciate the community here, which is why I came here in the first place. So my journal here is effectively a compromise until I can find an easy way to make a better solution.