Wainwright Bank Stole My Grocery Money

[redheadedmuse.livejournal.com]

After 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.

Comments

Re: solution

[pierceheart.livejournal.com]

Yes, and someone who, on LJ, has a basic account, which has ads, sometimes, depending on the viewer's LJ account status, complains about ads on someone else's non-LJ blog, and then dismisses the suggestion of using FF and ABP, as not working as a large scale solution, is a hypocrite.

Their own LJ usage is, in some way shape or form, supported by ad revenue, that, absent specific user tweaks (like having a paid account) is visible to everyone.

Complaining about someone doing something while you yourself do that very thing is hypocrisy.

Re: solution

[rosiewoodboat.livejournal.com]

Thank you for explaining that one; I wasn't sure if everyone was referring to the same thing.