Comments on: Here’s how I negotiated out of bank fees — part 2 http://www.iwillteachyoutoberich.com/blog/negotiating-out-of-bank-fees-part-2/ Personal finance blog for college students, recent graduates and everyone else -- including entrepreneurship -- for getting rich. Featured in the Wall Street Journal and New York Times. Sun, 12 Feb 2012 18:46:58 +0000 hourly 1 http://wordpress.org/?v= By: Colby Williams http://www.iwillteachyoutoberich.com/blog/negotiating-out-of-bank-fees-part-2/#comment-124549 Colby Williams Sat, 22 May 2010 16:11:53 +0000 http://www.iwillteachyoutoberich.com/blog/negotiating-out-of-bank-fees-part-2#comment-124549 I tried calling BoA today to reverse some 10 dollar "transfer" fees that I got from them transferring money from my savings to my checking for me even though I didn't want them to because I could do it myself, and after about an hour of talking on the phone I was unsuccessful in getting them to reverse the fees. What should I do? The way they had my accounts set up was completely confusing and I had no idea I would get charged...but they don't care and won't reverse the fees. The supervisor finally just hung up on me. I tried calling BoA today to reverse some 10 dollar “transfer” fees that I got from them transferring money from my savings to my checking for me even though I didn’t want them to because I could do it myself, and after about an hour of talking on the phone I was unsuccessful in getting them to reverse the fees.

What should I do? The way they had my accounts set up was completely confusing and I had no idea I would get charged…but they don’t care and won’t reverse the fees. The supervisor finally just hung up on me.

]]> By: Here’s how I negotiated out of bank fees | I Will Teach You To Be Rich http://www.iwillteachyoutoberich.com/blog/negotiating-out-of-bank-fees-part-2/#comment-123358 Here’s how I negotiated out of bank fees | I Will Teach You To Be Rich Fri, 07 May 2010 18:05:26 +0000 http://www.iwillteachyoutoberich.com/blog/negotiating-out-of-bank-fees-part-2#comment-123358 [...] Negotiating out of bank fees — part 2 » AKPC_IDS += "62,"; [...] [...] Negotiating out of bank fees — part 2 » AKPC_IDS += "62,"; [...]

]]> By: True Confessions: Columbia House Fiasco http://www.iwillteachyoutoberich.com/blog/negotiating-out-of-bank-fees-part-2/#comment-123272 True Confessions: Columbia House Fiasco Thu, 29 Apr 2010 11:27:50 +0000 http://www.iwillteachyoutoberich.com/blog/negotiating-out-of-bank-fees-part-2#comment-123272 [...] it was MY FAULT essentially) and I needed the numbers from his card.  I called the 800 number and asked them if I could get some help with the overdraft fees. They reversed the charges without any [...] [...] it was MY FAULT essentially) and I needed the numbers from his card.  I called the 800 number and asked them if I could get some help with the overdraft fees. They reversed the charges without any [...]

]]> By: Finding a Good Checking and Savings Account http://www.iwillteachyoutoberich.com/blog/negotiating-out-of-bank-fees-part-2/#comment-119392 Finding a Good Checking and Savings Account Mon, 16 Nov 2009 02:52:05 +0000 http://www.iwillteachyoutoberich.com/blog/negotiating-out-of-bank-fees-part-2#comment-119392 [...] There no fees, but it didn’t offer much else. For our joint accounts,though, we were looking something a bit better. We were on the lookout for a FDIC insured checking account that would do the [...] [...] There no fees, but it didn’t offer much else. For our joint accounts,though, we were looking something a bit better. We were on the lookout for a FDIC insured checking account that would do the [...]

]]> By: How to Negotiate with Credit Card Companies http://www.iwillteachyoutoberich.com/blog/negotiating-out-of-bank-fees-part-2/#comment-113037 How to Negotiate with Credit Card Companies Sat, 12 Sep 2009 00:02:39 +0000 http://www.iwillteachyoutoberich.com/blog/negotiating-out-of-bank-fees-part-2#comment-113037 [...] easy out by just saying no (Thanks to Ramit from this post on negotiating with your bank for some great advice used for this particular [...] [...] easy out by just saying no (Thanks to Ramit from this post on negotiating with your bank for some great advice used for this particular [...]

]]> By: Linda in Phoenix http://www.iwillteachyoutoberich.com/blog/negotiating-out-of-bank-fees-part-2/#comment-104341 Linda in Phoenix Sun, 26 Jul 2009 05:14:47 +0000 http://www.iwillteachyoutoberich.com/blog/negotiating-out-of-bank-fees-part-2#comment-104341 I have always found banks and credit card companies willing to waive fees when asked, but I struck out with Bank of America in Phoenix July 20. I had fallen below the minimum required balance, so when I realized my error, I went to my branch to deposit twice the minimum required balance and I asked that the $12 monthly maintenance fee be waived as a courtesy for having been a good customer for 30+ years (plus I have money in an account at BofA subsidiary Merrill Lynch). Alas, just that morning the staff had been instructed that from this day forward, ABSOLUTELY NO FEES WOULD BE WAIVED UNDER ANY CIRCUMSTANCES, so I closed my account. Imagine, allowing a long-term, satisfied customer to walk for $12. Makes me wonder about the management of BofA. Makes me worry about my future with Merrill Lynch! I have always found banks and credit card companies willing to waive fees when asked, but I struck out with Bank of America in Phoenix July 20. I had fallen below the minimum required balance, so when I realized my error, I went to my branch to deposit twice the minimum required balance and I asked that the $12 monthly maintenance fee be waived as a courtesy for having been a good customer for 30+ years (plus I have money in an account at BofA subsidiary Merrill Lynch). Alas, just that morning the staff had been instructed that from this day forward, ABSOLUTELY NO FEES WOULD BE WAIVED UNDER ANY CIRCUMSTANCES, so I closed my account. Imagine, allowing a long-term, satisfied customer to walk for $12. Makes me wonder about the management of BofA. Makes me worry about my future with Merrill Lynch!

]]> By: Cyndy http://www.iwillteachyoutoberich.com/blog/negotiating-out-of-bank-fees-part-2/#comment-103582 Cyndy Fri, 17 Jul 2009 23:44:46 +0000 http://www.iwillteachyoutoberich.com/blog/negotiating-out-of-bank-fees-part-2#comment-103582 Today I called BoA, and discovered I was overdrawn 115$, including 3 overdraft fees (110 of the 115 was overdraft charges!). I was confused about this because the last time I used my card was on the 12th (today is the 17th), and I checked my balance/pending transactions before I used it. It said I had no pending transactions, and I made sure not to spend more than it said I had (I am poor, I don't need overdraft fees!!). I called, and the man who was supposed to "help" me explained that 6 transactions posted to my account on the 13th (I only made 3 on the 12th). That was the extent of his help. Once I realized that the overdrafts were partially their fault (I say partially because I should write down my spending and not rely on the system), I called back and explained to the person that answered that I checked my balance on the 12th etc... I didn't even ask him to reverse any of the overdrafts. He was super nice/helpful and ended up reversing all of the overdraft charges. By far the best BoA experience I have ever had. Today I called BoA, and discovered I was overdrawn 115$, including 3 overdraft fees (110 of the 115 was overdraft charges!). I was confused about this because the last time I used my card was on the 12th (today is the 17th), and I checked my balance/pending transactions before I used it. It said I had no pending transactions, and I made sure not to spend more than it said I had (I am poor, I don’t need overdraft fees!!). I called, and the man who was supposed to “help” me explained that 6 transactions posted to my account on the 13th (I only made 3 on the 12th). That was the extent of his help. Once I realized that the overdrafts were partially their fault (I say partially because I should write down my spending and not rely on the system), I called back and explained to the person that answered that I checked my balance on the 12th etc… I didn’t even ask him to reverse any of the overdrafts. He was super nice/helpful and ended up reversing all of the overdraft charges. By far the best BoA experience I have ever had.

]]> By: Jess http://www.iwillteachyoutoberich.com/blog/negotiating-out-of-bank-fees-part-2/#comment-103478 Jess Thu, 16 Jul 2009 13:08:55 +0000 http://www.iwillteachyoutoberich.com/blog/negotiating-out-of-bank-fees-part-2#comment-103478 I just had an overdraft for the first time in years. I called my bank and in less than 90 seconds they agreed to refund the $35 fee. I pulled up this post, but didn't even need to use any of the scripts. I just asked and they refunded it! Thanks for giving me the courage to call! I just had an overdraft for the first time in years. I called my bank and in less than 90 seconds they agreed to refund the $35 fee. I pulled up this post, but didn’t even need to use any of the scripts. I just asked and they refunded it! Thanks for giving me the courage to call!

]]> By: Prax http://www.iwillteachyoutoberich.com/blog/negotiating-out-of-bank-fees-part-2/#comment-103128 Prax Sun, 12 Jul 2009 00:45:20 +0000 http://www.iwillteachyoutoberich.com/blog/negotiating-out-of-bank-fees-part-2#comment-103128 I never had to negotiate with my bank simply because like the Indian banks have a Know Your Customer (KYC) process, I do a Know Your Bank & often know 'bout it more than average bank personnel does. I've had issues with my Cellular service, but more often than not, it's insignificant & not worth my time...not even the 2 minutes. ;-) I never had to negotiate with my bank simply because like the Indian banks have a Know Your Customer (KYC) process, I do a Know Your Bank & often know ’bout it more than average bank personnel does.

I’ve had issues with my Cellular service, but more often than not, it’s insignificant & not worth my time…not even the 2 minutes. ;-)

]]> By: Tony http://www.iwillteachyoutoberich.com/blog/negotiating-out-of-bank-fees-part-2/#comment-102581 Tony Fri, 03 Jul 2009 00:31:33 +0000 http://www.iwillteachyoutoberich.com/blog/negotiating-out-of-bank-fees-part-2#comment-102581 Just got off the phone with Capital One and got a $40 late fee waived. It really is amazing at how simple and quickly the fee was waived. I followed the script exactly, asked to "please have the late fee waived" and the woman waived it without any questions asked literally within 30 seconds! I was hesitant to call, to be honest I was a bit nervous but now that I realize how simple it is I will be calling every time I get a fee. Thanks so much for the tip! Just got off the phone with Capital One and got a $40 late fee waived. It really is amazing at how simple and quickly the fee was waived. I followed the script exactly, asked to “please have the late fee waived” and the woman waived it without any questions asked literally within 30 seconds! I was hesitant to call, to be honest I was a bit nervous but now that I realize how simple it is I will be calling every time I get a fee. Thanks so much for the tip!

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