Outrageous overdraft fees.

In the past, I have done business with other banks, but I have never experienced anything like what this bank is doing.

I know that if you overdraw your account, there is a $35. fee. This bank charges the fee every five days until you make a deposit.

I've spoken to these cold hearted cut throats and have gotten nowhere with them. I'm a senior citizen, and if I'm not mistaken, it is against federal law to charge overdraft fees on direct deposit Social Security checks. It fell on deaf ears with these people. Since us seniors only get paid once a month, I think this is a rip off on a grand scale and should be stopped. We're talking anywhere between $100. and $200. for the month just in fees if you overdraw your account.

I want every cent this bank stole from me in fees.

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I had Riverside National Bank of Florida and never had 1 problem but on the last couple of payments some reason TD bank took over my account.

This may be a scam they are doing to make some extra money by ripping off the consumers.

Yes they are screwing me to. I thought I had my last truck payment done twice so far and they keep charging me. They charge me 18% interest every day. I do not even have enough time for my payment to get to them in the mail before its more then the check i send. so I can not get it payed off.

I was told I owed this much over the phone . I get the bill and it shows Loan Balance of 224.98 . I was told by a rep from TD bank I had 20 days to pay it so i did.

A week later they tell me I owe another 91$ and they are charging me 18% interest daily.

It takes the mail 1 to 2 days to get there so I can not pay it off, i think they know it and use it to rack up more charges.

I will not give them my debit card info.

I went to the Better Business bureau of Florida filed a complaint and said i want the total amount owed posted there and given the 2 days to get the check there and when it arrives the post on the BBB complaint that it is paid in full.

Will let you know what happened.

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I have been abused by TD as well. I have paid over $1,000 in overdraft fee's in 2010 alone. They have re-ordered highest to lowest debits, charged me more than the actual overdraft negatives and charged me an overdraft fee for the overdraft fee...go figure. I'm finally getting a lawyer because there are obvious instances of fraud pertaining to my account. Just the fact that they charge overdraft fee's for the overdraft charge is illegal. This is not the bank I used to know as Commerce Bank.

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Where do I begin. the first week of June they charged me a $35 fee for 42 cents. This caused and over draft of something else which caused another which in turn caused some else to bounce and yet another fee. I got them to fix that because was ridiculous. Now last week I deserved probably 2 fees because a lapse in saving depositing into my account and two purchases going over. However instead of getting they gave me 5 over draft fees which they took late in the day. I deposited more money accuired another fee. Then because of that I deposited more money and accuired 3 more. I then deposited more money and about to be hit with 3 more fee. One of which is for their cycle charge. Bastards make sure they get their money. basicaly last week they have charged me 13 fees and drained my savings account from a different bank. I went to the local branch and they didn't try to help me and refused to see my attempts to fix the situation, instead they tried to seel me a savings account with a $250 minimum deposit. They are crooks. They should have a limit as to how much finanical damage they can cause a person, but Im so glad their CEO can probably purchase half of Aruba or some other elaborate place. I have already opened account with Bank of America and am in the process of moving all my stuff over. I have lodged a complaint with the BBB.

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You are absolutely right, about how AWFUL TD Banknorth is. I've had an account with them, for nearly two years now. Never, in all my years of banking, have I had the troubles with other banks, that I've had with TD Banknorth! They are unethical, greedy financial 'vampires', who are only out to rob their customers. Their fees are indeed outrageous, to say the least. And they do work their policies, to rip off their customers with all these fees that they charge. I would LOVE to be involved in a class action suit against TD Banknorth. Any of you on this post can contact me, on how to proceed with this ASAP. Just send me an e-mail:

Regards,

Sonya Spears

Email: sonya90028 AT yahoo.com

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I am just one more customer of TD Bank that fell for their predatory practices. Again, $400 in fees which would not happened if it wasn't for their system that is set up in such a way that you may have money in your account and still at the end of the day they will rearrange the purchases so you end up paying hundred of dollars. I feel helpless but I will write everyone i can. I am afraid we are helpless.

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You are right on with this assessment. Everytime my account balance is low...transactions start pending for up to 5 days and then they all post on the day that my account goes negative. It is ABSURD!

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They were GREAT when they were commerce, but ever since they merged, they are RIDICULOUS.

They just took half of my paycheck in overdraft fees, by re-arranging my statement so that the bigger charges came first, leaving me with $35 overdraft fees for every $2 purchase i made after that, gave me an attitude and hung up on me when i asked "What part of TD Bank IS convenient?"

I then told them about how my daughter's 2nd birthday at CHUCK E CHEESE is coming up and i need my money back to be able to afford it, they just responded with "It's not our problem-- you have to keep track of your own account, it's not our job to do it for you"

Well-- i WAS keeping track of my account-- i had plenty to cover all of those little $2 charges, but a huge UNAUTHORIZED charge which was refunded is what threw everything off.

They say "That's not our problem" tho.

I told them I was going to bank elsewhere if they didnt refund my money, they said "Well whatever you feel you have to do."

This was a supervisor saying that too.

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Sadly enough, I'm glad I'm not the only one dealing with this, My spouse and I incurred 4 overdraft fees ($140) IN ONE DAY. That's akin to walking out to your car and finding 4 PARKING TICKETS!!! After much b***ing (and the manager refusing to return our calls) I called the 800 number and the CSR rep reversed the fees. BUT THIS IS THE SECOND MONTH IN A ROW THIS HAS HAPPENED. I don't have time for this. WSFS has the same practice.

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Where do I begin, since the "merger" with Commerce (my original bank), I've had nothing but problems with TD. They allow falsified charges from KNOWN scammers, (one without even the proper routing number on the fake check) charge overdrafts for these debits and make you go through hoops to reverse them, IF they reverse them. They allow you to CHARGE (debit visa) beyond your balance and hit you with $35 OVERDRAFT fees for charges under $10. Their "customer service" claims they do this to "save" you from the embarrassment of the card being declined. Really? So you are saving me from embarrassment by charging me $35 to make a $7 purchase. I work retail and deal with customers using debit every day, other banks simply come up as "Declined", no embarrassment, got to pay another way. TD does not give you the choice of alternate payment, they merely rape you for the privilege of not being embarrassed. Oh and they wont let you know you are overdrawn, but WILL continue letting you make debit purchases (and more overdrafts). Tne only reason I have not left is that I havent had the money left over after bills to open a new account elsewhere, with sufficient timing to switch my auto deposit/debits to the new bank.

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how can i become a part of this suit also.

this is the 2nd time in a one week period that I have incurred overdraft charges and they make a million excuses as to why.

For instances, I incurred $210.00 in overdraft fees using my debit card. the funny thing was that the transactions did not stop when the account went negative. they allowed them to keep going so they could get their $35.00 per transaction fee from me.

I called them to complain and they said I could "OPT OUT" and have my visa debit card stop before the account went negative. I told them I had never heard of this before and I should have been offered this when I opened the account.

They did refund my fees for that incident.

Now, 2 days later, I have another $70.00 in fees with no justification from the Customer Service Rep on the phone. I deposited a check in the amount of $100.43 that was drawn on TD Bank. I told the girl on the phone that this check was drawn on their bank and should have cleared immediately.

Her excuse was I did not have enough in my account to cover it. It was drawn on their bank. They could go into the account it was drawn on and see that there was plenty of money in that persons account.

And to top it off, according to their online banking, my account would not be negative had they not taken out their fees. So what is the reason for the damn fees.

I argue with the Customer Service Rep. She puts me on hold and says she will see if she can refund me the $70.00. She comes back on the phone and tells me she cannot do it, but I can talk to her supervisor.

The supervisor never answers the phone.

My on line statement looks like this

Date Type Amount Balance

12/30 Check $25.00 -$20.04

12/30 Visa $39.11 $4.96

12/30 Overdraft $70.00 $44.07

12/30 Deposit $100.43 $114.07

12/29 Visa $10.34 $13.64

12/29 Visa $16.57 $23.98

12/29 Visa $20.00 $40.55

There was not even a negative balance when they took their $70.00 fee out.

How can they justify this.

Please contact me if anyone is working on a class action suit.

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I too have become a victim of these unethical business practices.

I called TD banks customer service and found that transactions are not paid in the order that they are made. They are paid from the highest amount to the lowest amount. Therefore, if you have a balance of $99.00 and you make four transactions one for $10.00, the second for $5.00, the third for $15.00, and the forth for $100.00 they will pay the $100.00 transaction first. And there you have it. Now they are charging you four overdraft fees instead of just one.

This is too obvious and they should not be allowed to get away with such a despicable practice.

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How can I get named in this suit too? I have had a lot of theese overdraft fees as well. I went to the bank and they printed out a statment for me, from October 19th my account went negative exactly 2 times. In that time period I was hit 6 times with overdraft fees all ranging $35 to $175. this is absolutely horrible. I am the head of a single income family of 5 just trying to make ends meet and theese horrible, greedy people just keep pushing me under water. Don't know how much more I can take.

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This is an untrustworthy, poorly operated place to keep your money. You deliberately process payments in a way that will incur overdraft fees. You do not automatically cash paychecks which have been automatically cashed for 8 years with Commerce Bank and are secured by TD Bank. Your customer service is awful, on the phone and within each location. You famously and consistently are afflicted by computer glitches and employee incompetence, which leads to inconvenience and stress for your poor customers. I will tell everyone I know exactly how awful your bank is, and I will be closing my account as soon as all of my checks have cleared.

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I agree 100%!!! I have had over $1600 in fees taken out in the past 2 months, including ALL my Christmas money!!! I NEVER received anthing in the mail or email telling me they were changing your account. Shouldn't you have to sign something for a bank to change your account?????? I have looked into a class action suit and am moving forward with ASAP

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Read this article:http://www.law.com/jsp/article.jsp?id=1202429119415

if we all get a class action suit together, we can win. others are doing it against other banks, and winning. let's do this.

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TD Bank is playing funny games here. Commerce Bank was so good, I cannot believe they sold out to these shiesters.

Here's what TD bank does, even after correcting their system, and claiming all is well once again:

(1) Let's say you use your debit card, and the charge is run as a credit card charge instead of a debit. They take three entire business days to post, when Commerce posted immediately or the next day.

(2) Let's say you share a card with a family member, you live apart, and you do not communicate about who took what money out of the shared account. This is exactly the scenario TD bank hopes for, because they let the charges go through even on insufficient positive funds, they add the charges all together three days later, and charge you $35 for every overdraft.

(3) Try this experiment: Try to use your card as a credit card when there is a negative balance. I did this several times, out of curiosity. It is impossible to overdraft when your card has a negative balance. yet it is possible to overdraft if you have a positive $1 balance. This means, from a software transaction perspective, they are checking for negative balances, but not checking for sufficient balances, when they easily could.

THIS IS PREDATORY. Some fat executive thought this would be a great scam to rake in more fees, and supposedly "punish" the poor, or "irresponsible". THIS IS PREDATORY. BYE BYE JD POWER AWARD. Let's get a class action suit going, and start blogging about it everywhere.

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I am a small business owner in NJ who has been banking with Commerce since the first branch opened in my area years ago. They were a joy to deal with and had their banking policies clearly stated for the customer.

In the past 2 months I have experienced nightmares with my bank account and the accrual of overdraft and insufficient funds fees.

TD claims that with a small business checking account, all deposits made before 6:00 will be available the following bank day. What they failed to inform me of is that under their new policy, they only release 100 of the deposit for the following day and hold the remaining until they so choose to release it to the account.

It gets better!! When I download my banking to my Quickbooks the following day, the available balance showed the entire deposit made the day before.

Like usual I made my necessary purchases and bill payments going by what the online banking has informed me I have available in my account.

The following day I downloaded my account info once again and discovered $175.00 in overdraft fees. I had to visit my branch and battle these fees. After getting an attitude and being told By Dorothy, the manager of the Manahawkin branch that this is "my fault and I should learn how to balance my books" I managed to get $70.00 of it refunded after being embarrassed in the middle of the bank's open air lobby.

Since the occurrence I have accrued approximately 400-500 dollars more in fees spawning from my original overdraft that never gave me a chance to get back into the positive.

The practices that TD has enacted in the past 2 months are unethical, deceptive and somewhat criminal. There is a pending class action lawsuit against TD for their unethical practices. I encourage all of you who have been harmed by this "bank" to visit this link and become more educated! Http://www.lieffcabraser.com/print/td.htmlTD Banknorth deliberately changed their systems to cash in on overdraft fees. Customers were used to a system that would not allow debits to go through unless there was actual funds in the account, now they have set their system to delay deposits and accelerate debits so that they can assess over draft fees, $35 per incident to be exact. This is a deliberate white collar scheme typical of the banking industry to increase revenues by either using mafia style fees for overdrafts or, ensuring that you keep a sufficient balance in your account so that they can lend your money to someone else and charge interest. The bottom line, America's most convenient bank hooked us all in, made their balance sheet look attractive and then sold out to TD Banknorth for huge profits, with a blatant disregard for the very customers that made it all possible. Just another story of American greed at the little guys expense. Here is a link to an article written by an actual employee of the bank confirming my statement. http://www.lieffcabraser.com/consumer/td.htm

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It is obvious that your bank is strictly concerned with their bottom line, and ultimately themselves and shareholders - customers coming in a distant second. I remember, over 10 years ago, a bank I worked with held the terms of the existing account - honoring those of the bank they bought out. The only way they would change is if we closed the account. My advice, for a persistent problem that they refuse to resolve with terms that are acceptable to you, is to contact the Better Business Bureau and provide them with as much detail as possible. I've resorted to this with Tech, Finance, and other companies and their ears perk up shortly thereafter. Good luck.

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I signed up for a simply free checking account from TD Banknorth in 2007. This account had no fees, no minimum balances, no atm charges anywhere, etc...All of a sudden, earlier this year they changed all of that, and now they charged me a $15 fee for below the minimum balance and they debited that from my overdraft protection. Is it just me or should they have honored the free checking accts for exising customers and shut them down for new ones?? I think it is crazy that banks can just change the rules on you with no say just to make money on charging clients fees!!!! Stay away from this bank, I will never bank with them again.

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I just went through a similar situation with these scam artists! It should not be legal to charge $35 on a $3.50 charge. I am closing my account with bank north and going to a credit union. I am a single mom who lives paycheck to paycheck and money is tight as it is, nevermind charging me $210 in overdraft fees for $35.00 worth of over charges. I want my kids to march infront of banknorth with picket signs saying "thanks for stealing my dinner for the next month!"

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BOA charged me $35 overdraft fee for an amount they said was a "hold" on a charge I used my Checkcard as a VISA pmt. Well they immediately withdrew the funds causing the charge even though I immediately deposited a buffer amount to cover it (and then some. On all my paper and online statements, NOTHING shows a balance less than $700.00 they would not reverse the charge!

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My husband and I are DONE with TD Bank North. We have had way to manny issues with these outragous over draft fees. When our account has gotton down to only a few dollars they seem to hold a bunch of transactions in the pending just waiting to get you! Our last straw was just today when we were charged $105.00 for overdrafts because of this new policy of charging for pending transactions! We also never saw anything about this policy changing. And WHY if ONE transaction makes you overdraft are they charging for EVERYTHING in the pending????? This is just SO WRONG! I will make sure to let everyone I know to NEVER do bussiness with this bank EVER! We are going to a credit union! Are there any pending lawsuits??

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I know exactly what you are talking about. I left this bank and joined a local credit union, a huge improvement over TD. There is legislation in congress addressing bank's overdraft practices. Banks make BILLIOND annually on these ripoffs.

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Now TD Banknorth charges an overdraft fee for ***pending transactions*** that are charged to your account, regardless of when they actually post! I had a transaction that appeared as pending on April 29th, didn't actually post to my account until May 1st. Also, on April 30th my paycheck was direct deposited to my account, so there was never a negative balance. Yet that didn't stop Banknorth from charging me a $30 overdraft fee on April 30th! When I contacted their customer service department to complain, they said an "insert" was sent out in January. However, after an exhaustive search, I was unable to find any information about this new policy on their website. This is yet another way for the greedy banks to rip off decent, hardworking people!