posted on May, 24 2015 @ 07:54 PM
a reply to: [post]3n19m470[/post]
as a former over draft collections employee for wells fargo, i got some answers for yuh, btw these questions have been discussed before here, always
try searching it up,
also btw you can still use Craigslist just dont call the sword a weapon, call it art, or decorative, worse case scenario they remove the ad, big
you should consider getting an account at wells fargo, if you have direct deposit they will allow you a payday loan to your account in the amount of
the average of your past direct deposit, essentially letting you get your next paycheck early, as early as the same day as the last paycheck, and the
cost is less then an overdraft fee, plus overdraft fees put bad marks against your account.
banks keep record and statistics of everything including how often and average amount you overdraft, they use all these details to weight you a risk
level, think 1 to 100. better your score the more they will allow you to overdraft, worse your score and they might not let you overdraft at all. they
just decline the charge, so your main question of how come its less now is your bank has changed the score on your account to one of higher risk based
on your treatment of the account.
you mentioned the idea of depositing a check in the account in order to fool it into thinking it has more money to let you withdraw, if you are
talking about a fake check that will ultimately bounce then this is check fraud and is a crime dont do it
you mentioned this happened before and the next day it suddenly allowed it again, this could mean a banker physically altered your score or physically
approved a certain amount for that instance either because you called and brought it to their attention and they decided to cut you a break or it may
have just been luck that the system was adjusting your score that day.
the only way i would think you might get some more over-drafted would be if you physically go into one of the banks branches and ask to speak to a
personal banker, their one of those bankers that get their own little cubicle/office they have the most pull of anyone you'll get to speak to without
pulling teeth. they can if they so choose physically overdraft your account pulling the money right out the drawer and hand it to you, if they deem
you trustworthy of it. they get away with doing things that call center employees wouldn't dream of getting away with, i say that from experience.
banks can of course choose to shut your account down at any time if they think your just to high of a risk, typically that comes after something like
check fraud, or frequent card loss or things like that. but remember, banks MUST NOT allow any account to ever be overdraft for more then 60 days, its
a law. if your account is overdraft for 60 days the bank will charge off the account, which essentially closes the account and puts it in collections,
the banks usually try their own effort at collecting on it up to and after that time, few months down the line if its still not paid off they often
send the debt to a third party collections company.
you shouldnt overdraft so often, makes you look bad in the banks eyes, when you go to see a personal banker one of the things they will check is how
often you overdraft, the more frequent the less likely they will want to help you out.
to a bank, an overdraft looks like a customer is unable to manage their finances, it doesnt look like the customer is doing it on purpose and doesnt
mind the high fee's treating it like a loan,
if a loan is what your after and the banker doesnt help you out then try pay day advance/loan businesses, they are expensive but usually cheaper then