Revenge is a dish best served cold, and when it comes to the bank who jacked him for $900, Justin is a master chef.
When he was a teenager, he got two overdrafts refunded, so a manager put a note on his account saying not to refund any more overdrafts. Years later, the bank put his deposit in the wrong account, causing him to overdraft by $500. Even though it was their mistake, they wouldn’t fix it because of the notes on his account. After he got sent to collections, ultimately costing him $900 total, Justin plotted to persuade everyone he knew to switch away from this bank.
This is the letter Justin wrote to them after he hit his goal of turning $100,000 of business away from this bank, just by telling them his story. He got 11 people to leave, 2 people to refi elsewhere, and successfully discourage 22 people from joining the bank.
Justin is going to write them another letter when he hits his next goal: turning away $1,000,000 in business.
A little over 3 years ago my bank f*cked me royally. Today I wrote them an email letting them know what I’ve been up to… [Reddit] (Thanks to Rob!)
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couldn’t he just sue the bank in small claims court. he has all the evidence.
I hate Bank of America. I pretty much just hang out in the lobby of my credit union extolling the benefits of said institution.
I hope that was 5/3. I’ve been doing something similar since 2003 because of them doing that exact thing to me…. Difference is, the people I steer away from them are mostly broke anyway. :/
Sorry, he needs to post actual statistics and tell us what bank it is to have any credibility.
However, I left U.S. Bank when I was 19 for a similar cock up that resulted in me losing over $14,000. Short story: I was operating a systems installation business at the time. Client wired $30,000 to my account to purchase equipment. I went on a spending spree with my debit card, blissfully unaware that my debit card had a $100 maximum withdrawal per day limit. The limit was put on because I had set up the account with my father when I was 16; if I had created a new account at 18 there would have been no limit. Each purchase beyond that $100 per day limit cost me $25. Because I was making tons of small, individual purchases in order to save costs for the client, I ended up going over that $100 limit by over 50 individual transactions. U.S. Bank let those transactions go through, rather than denying them, and charged me an additional $25 for each one. The penalty fees were charged before my withdrawals were made. Once the combined penalty fees hit, my account quickly dipped below my minimum balance ($500, again because I had set it up when I was 16). Once under the minimum balance, I was charged a “below minimum balance” fee of $15 per transaction. That escalated me right down past $0 in the account, which resulted in a “overdraft fee” of $35 per transaction, plus $10 per transaction for the notification to my father – who had helped me set up the account when I was 16. By the time all fees where charged, some fees creating new fees, I was down $14,000 in the account. Luckily, I had all the equipment and managed to complete the project for the client and get paid. Net profit on the entire project was nearly -$2,000. I remember this to this day as a reason never to go with U.S. Bank again.
Whereas, Bank of America, only reason I don’t use them is because I could never figure out how not to get charged outrageous “account maintenance” fees.
But, I must thank both BoA and USBank, because I now use my local credit union *hugs*.