Unlawful overdraft charges

I have been banking with BB&T for several years, I have never written a "bad check", not have I been overdrawn until this year. Since March of 2008, I have been charged 13 overdraft fees at $35.00 each because BB&T has the RIDICULOUS practice of only crediting $100.00 per deposit(of a check,even if it's a payroll check!!!!) They are stealing millions of dollars, charging fees on debits of as little as $1.00. This has to be stopped, please help! I will join a classaction suit if anyone knows of one.

Comment On This

Banking law and regulations limit the amount of a check to be available for payment. Depending on the size of the check deposit even if it is a payroll check, you may not have the entire amount available to be withdrawn as cash. I do not know the size of your payroll check, you should have credited as "available amount" more than $100. I would contact the bank and dispute the 13 overdraft charges. If the bank violates the law and regulations, you are entitled to a maximum of $1000 in statutory damages plus actual damages and costs.

Kenneth -

Chicago Lawyer