the one thing to remember and is evidenced but not highlighted in the film, is that the banks will close your account after such action.

not really a problem until you run out of banks to use...and in today's environment, there are what - 3 major banks left?

;-)

Pnc just charged me $31 for being over 3 cents. I do not even see that on my statement that I was below zero. They said it was a pending transaction. And the refuse to refund it.

I used to see this kind of thing all the time. Many banks call their debit cards check cards for a reason it is the same as using a check. If you bounce a 25 cent check you still have to pay the fees. If you choose to use a debit/check card learn to balance you account. It's not that hard. The overdraft protection protects people from bouncing their power/rent/water checks causing them to have it shut off or be evicted. Furthermore as a former fraud investigator I spent my time investigating my own customers because it was so obvious that they were trying to steal using regulation E's protection. Only about 5% of my fraud claims were the result of identity theft. The rest were just dishonest customers.

Thanks for the information I am currently doing the same with my Credit Union for similar practices. Although, they alittle more dubious. Like many banks, they appear to have a practiced of holding deposits and and pushing through withdrawls. Unfortunately I didn't think of saving all receipts for all the purchases I made in that period. Basically, the bank claimed to have posted a charge the day before my direct deposit was honored. However, that day I was watching my account very closely and fortunately had a print out from one of the ATM's from that day. It showed absolutely my balance as expected with now overdraft or zero balance. The bank claimed that it happened later in the evening (the statement was printed at 7:49pm) and that as you heard in the video "a computer does all the transfering". I also never received a statement from the bank about this fee or charge, I had to find out myself why my savings account had been drained. When asked to see the a record with an actual time guess what I found. At 11:46pm that evening the checks cleared and 12:03am the next day they accepted my direct deposit (which was in "holding status" since Tuesday.

I wish more people would come forward with these sort of cases and file a class action suite againt the banks whenever this happens in this is appears that the program and policies they are purposely set to extract to maxium amount of fees. While the process does take quite a bit of time out of your day. It is easy enough to do and I would recommend it to anyone tired of this sort of thing. They depend on you thinking that it is too much trouble and doing nothing. They are usually right, which is why they continue to do it.