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, 21 Mar 2010 02:45:13 -0700 http://wordpress.org/?v=abc hourly 1 By: Finding a Good Checking and Savings Account http://www.iwillteachyoutoberich.com/blog/negotiating-out-of-bank-fees-part-2/comment-page-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-page-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-page-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-page-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-page-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-page-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-page-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!

]]> By: Tim Smith http://www.iwillteachyoutoberich.com/blog/negotiating-out-of-bank-fees-part-2/comment-page-2/#comment-100830 Tim Smith Wed, 10 Jun 2009 20:37:15 +0000 http://www.iwillteachyoutoberich.com/blog/negotiating-out-of-bank-fees-part-2#comment-100830 There a checking account product from <a href="http://probityfinancialservices.com" rel="nofollow">Probity Financial Services which does not charge any per item fee for NSF activity. Check it Out. There a checking account product from Probity Financial Services which does not charge any per item fee for NSF activity.

Check it Out.

]]> By: louis http://www.iwillteachyoutoberich.com/blog/negotiating-out-of-bank-fees-part-2/comment-page-2/#comment-98684 louis Mon, 18 May 2009 15:40:01 +0000 http://www.iwillteachyoutoberich.com/blog/negotiating-out-of-bank-fees-part-2#comment-98684 haha this post help me so much. i called my bank and told them straight up i didnt want the overdraft fees at all and the telephone banker said "ok i will have those reversed for you right now so now you have 6 overdrafts cleared and have 210 dollars back into your account" thank you so much for the article, i would of never been so direct to a banker until now haha this post help me so much. i called my bank and told them straight up i didnt want the overdraft fees at all and the telephone banker said “ok i will have those reversed for you right now so now you have 6 overdrafts cleared and have 210 dollars back into your account” thank you so much for the article, i would of never been so direct to a banker until now

]]> By: James http://www.iwillteachyoutoberich.com/blog/negotiating-out-of-bank-fees-part-2/comment-page-2/#comment-96962 James Sat, 02 May 2009 16:48:51 +0000 http://www.iwillteachyoutoberich.com/blog/negotiating-out-of-bank-fees-part-2#comment-96962 Funny how things work out... just ran into this post randomly, decided to call my bank about the two $40 returned cheque charges I incurred 2 months ago (2 months ago!), and after politely asking the girl on the phone to have those removed, she put me on hold for a minute, reviewed my account (for good standing and such) and reimbursed me for one of those charges no questions asked... however, according to their policy they could only do that for one charge, not both. Hey, I've got $40 of my money back in my pocket, so... thanks for the reminder and the idea, if anything! Funny how things work out… just ran into this post randomly, decided to call my bank about the two $40 returned cheque charges I incurred 2 months ago (2 months ago!), and after politely asking the girl on the phone to have those removed, she put me on hold for a minute, reviewed my account (for good standing and such) and reimbursed me for one of those charges no questions asked… however, according to their policy they could only do that for one charge, not both.

Hey, I’ve got $40 of my money back in my pocket, so… thanks for the reminder and the idea, if anything!

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