Why Are Overdraft Fees Legal?

[I AM NOT THAT GUY 5,715]

I am against people who seriously don't know what Engineering is about. I hate the morons who have no idea how to determine clock cycles within the CPU, the different paths to different flip flops, gate delays, parasitic capacitance, time delays, time skew, base width channel modulation in a MOSFET chip, MOSFET signal amplification, the different layers of integrated circuits, how RC circuits can use to filter different signals, etc...

I just hate people who hate one group whereas they themselves are also stupid.

I thought engineering was just knowing which hammer hits where.

Edited September 26, 2009 by Lone Ranger

[Niels Bohr 72]

Good one. But, Engineering is a difficult discipline. Alot of math and science analysis. Not the Train Engineer who only needs to goto school for 6 months. Real Engineering requires great skill in physics, chemistry, and mathematics. Well, there's a new Engineering field called BioMedical and BioMedical Engineering. Those require biology backgrounds. BU has a graduate program where you can obtain Dual PH.D, Medicine and Engineering. However, you do need to get accepted to both the Grad School of Medicine, and Grad School of Engineering.

I am against people who seriously don't know what Engineering is about. I hate the morons who have no idea how to determine clock cycles within the CPU, the different paths to different flip flops, gate delays, parasitic capacitance, time delays, time skew, base width channel modulation in a MOSFET chip, MOSFET signal amplification, the different layers of integrated circuits, how RC circuits can use to filter different signals, etc...

I just hate people who hate one group whereas they themselves are also stupid.

I thought engineering was just knowing which hammer hits where.

Edited September 26, 2009 by Niels Bohr

[I AM NOT THAT GUY 5,715]

Good one. But, Engineering is a difficult discipline. Alot of math and science analysis. Not the Train Engineer who only needs to goto school for 6 months. Real Engineering requires great skill in physics, chemistry, and mathematics. Well, there's a new Engineering field called BioMedical and BioMedical Engineering. Those require biology backgrounds. BU has a graduate program where you can obtain Dual PH.D, Medicine and Engineering. However, you do need to get accepted to both the Grad School of Medicine, and Grad School of Engineering.

Got that beat. They taught us how to be Combat Engineer Specialists in 5 weeks at Fort Leonard Wood. Years later, I went to Engineer Officer Basic (Short) Course at Fort Belvoir. That was 8 weeks. Not very rigorous at all. They just gave us the books, showed us a few prorata sheets, and did some practical exercises. We took lots of tests, and then they punched our tickets. Now I am a lower division engineer!

I think the Advanced course was 6 months. I didn't hang around long enough for that.

[Niels Bohr 72]

I looked up Combat Engineer job description. Doesn't really cover what an engineer does. They do some, not alot. I think the time to cover the physics, thermodynamics, statics for civil construction project doesn't quite fit 5 weeks.

But, glad you got into the lower division engineer. I wish more women would join Engineering. I remembered in school, all Engineering students were males. This was like in a 5 years ago. I wonder if it's still the same. Why aren't women joining Engineering?

[Jenn! 918]

I worked for a bank up until 2 months ago. There was a client who came in to see me because he had two overdraft fees. When I looked into his account I saw that he only had 20 dollars in his account. On Sunday he took out the 20 via ATM. The next day he stated that he needed 60 bucks and knew he would be charged a fee but was desperate. The ATM allowed for the withdrawal and the bank debited the larger amount first so tht he could be charged twice. Working for a bank made me lose faith in all banks. It's all about the money they can make.

If you are a big money client they will refund whatever fees you have no questions asked. But those poor avergae people who struggle financially and have a valid reason for getting a refund get nothing. I was actually given a warning because I was refunding too much...lol...

This happened to me once. I had something come up the day before pay day and decided to suck it up and pay the $35 overdraft fee and overdraw the account. Little did I know that they would decide to post transactions that I had made *days* before after the transaction that overdrew the account. I ended up with 10 $35 fees, some for transactions as little as $5. I tried to argue with them that the transactions should at least be posted on the day that they were incurred, but they weren't having it.

[I AM NOT THAT GUY 5,715]

I looked up Combat Engineer job description. Doesn't really cover what an engineer does. They do some, not alot. I think the time to cover the physics, thermodynamics, statics for civil construction project doesn't quite fit 5 weeks.

But, glad you got into the lower division engineer. I wish more women would join Engineering. I remembered in school, all Engineering students were males. This was like in a 5 years ago. I wonder if it's still the same. Why aren't women joining Engineering?

When I got my Math degree, it wasn't a very big graduating class in the Math department, maybe twenty grads, and two or three were women. I remember in High School the girls beat the boys until geometry. Then again in calculus, when we we got into more geometric integration, the females started falling away. Come time for differential calculus, there was one section left from the five that started. Too bad. Math got a lot more interesting after the fundamentals were completed. One senior theoretical class had nine males and one female. She was one of the best mathematicians I ever met, coming up with simple but elegant solutions to problems that blew the rest of us (males) away.

Something about geometry seems to stump the girls. I forget the name, but I think it has something to do with matching images that have been rotated in three dimensional space. Other than that, the girls seem to outshine the boys. Like you said, I am surprised more women don't survive to be engineers, or mathematicians. They make it in the rest of the sciences.

Edited September 26, 2009 by Lone Ranger

[Jenn! 918]

I looked up Combat Engineer job description. Doesn't really cover what an engineer does. They do some, not alot. I think the time to cover the physics, thermodynamics, statics for civil construction project doesn't quite fit 5 weeks.

But, glad you got into the lower division engineer. I wish more women would join Engineering. I remembered in school, all Engineering students were males. This was like in a 5 years ago. I wonder if it's still the same. Why aren't women joining Engineering?

When I got my Math degree, it wasn't a very big graduating class in the Math department, maybe twenty grads, and two or three were women. I remember in High School the girls beat the boys until geometry. Then again in calculus, when we we got into more geometric integration, the females started falling away. Come time for differential calculus, there was one section left from the five that started. Too bad. Math got a lot more interesting after the fundamentals were completed. One senior theoretical class had nine males and one female. She was one of the best mathematicians I ever met, coming up with simple but elegant solutions to problems that blew the rest of us (males) away.

Something about geometry seems to stump the girls. I forget the name, but I think it has something to do with matching images that have been rotated in three dimensional space. Other than that, the girls seem to outshine the boys. Like you said, I am surprised more women don't survive to be engineers, or mathematicians. They make it in the rest of the sciences.

I started out in the engineering school in college (10 yrs ago). At that time about 25% were female. I switched to math and I graduated with 50 math majors, 12 of whom were female. I think those were fairly good representations, although it was just the experience where I went.

[SpiritAlight 1]

I was actually surprised there are so many banking fees in this country.

In the UK you don't have to pay for checkbooks, and you aren't billed for having a low account balance.

We used to have those ATM fees for using a different banks ATM, but those were made illegal under European Law (there was a Trade and Industry study that found that it cost banks virtually nothing if you withdrew at another ATM) as the charges were unjustifiable.

Wow.

I looked up Combat Engineer job description. Doesn't really cover what an engineer does. They do some, not alot. I think the time to cover the physics, thermodynamics, statics for civil construction project doesn't quite fit 5 weeks.

But, glad you got into the lower division engineer. I wish more women would join Engineering. I remembered in school, all Engineering students were males. This was like in a 5 years ago. I wonder if it's still the same. Why aren't women joining Engineering?

When I got my Math degree, it wasn't a very big graduating class in the Math department, maybe twenty grads, and two or three were women. I remember in High School the girls beat the boys until geometry. Then again in calculus, when we we got into more geometric integration, the females started falling away. Come time for differential calculus, there was one section left from the five that started. Too bad. Math got a lot more interesting after the fundamentals were completed. One senior theoretical class had nine males and one female. She was one of the best mathematicians I ever met, coming up with simple but elegant solutions to problems that blew the rest of us (males) away.

Something about geometry seems to stump the girls. I forget the name, but I think it has something to do with matching images that have been rotated in three dimensional space. Other than that, the girls seem to outshine the boys. Like you said, I am surprised more women don't survive to be engineers, or mathematicians. They make it in the rest of the sciences.

I started out in the engineering school in college (10 yrs ago). At that time about 25% were female. I switched to math and I graduated with 50 math majors, 12 of whom were female. I think those were fairly good representations, although it was just the experience where I went.

I adore geometry!

:star:

ETA: Women apparently do not have great spatial thinking.

Some of us are exceptions.

[Marilyn. 340]

when I took Math in grade 12 Geometry was the only subject I was good at..

I could never understand calculus or trigonometry... but geometry just made sense

[SpiritAlight 1]

I am against people who seriously don't know what Engineering is about. I hate the morons who have no idea how to determine clock cycles within the CPU, the different paths to different flip flops, gate delays, parasitic capacitance, time delays, time skew, base width channel modulation in a MOSFET chip, MOSFET signal amplification, the different layers of integrated circuits, how RC circuits can use to filter different signals, etc...

I just hate people who hate one group whereas they themselves are also stupid.

Oh yeah, well, I can hike in my flip flops.

B)

[SpiritAlight 1]

I worked for a bank up until 2 months ago. There was a client who came in to see me because he had two overdraft fees. When I looked into his account I saw that he only had 20 dollars in his account. On Sunday he took out the 20 via ATM. The next day he stated that he needed 60 bucks and knew he would be charged a fee but was desperate. The ATM allowed for the withdrawal and the bank debited the larger amount first so tht he could be charged twice. Working for a bank made me lose faith in all banks. It's all about the money they can make.

If you are a big money client they will refund whatever fees you have no questions asked. But those poor avergae people who struggle financially and have a valid reason for getting a refund get nothing. I was actually given a warning because I was refunding too much...lol...

Yes!

What a surprise!

BUGGERS!!!

Working class people are carrying this economy....

...like a curse.

[SpiritAlight 1]

Or you could just keep better records of what is in your account so you don't over-spend, or have over-draft protection linked to your savings account.

Who pulls out their checkbook log every time they use their debit card? Might as well write a check.

Regardless...it doesn't justify banks charging multiple, compounded fees. That should be illegal.

As an investor in large banks, I love it that they charge for all those fees to folks who can't balance a checkbook, or don';t pull out enough cash at their home ATM. I never get penalized at the bank 'cause I never bounce a check or take out a loser payday loan or go to 7-11 ATMs.

ps, it's called free-market capitalism.

Cheers.

Oh yeah?

Well baby did you know that if you don't keep a few thousand in the bank you are paying more service charges?

You do know.

And did you then deduce that being most people are actually just scraping by, and those are the ones keeping the banks making tons o' money, when the banks could be charging everyone a smaller amount to, let's say "stay even".

The poor are paying for the rich's privileges.

I'd say that sucks.

Capitalism was a good idea when it first started many years ago.

Now it is not pure business.

It is all smoke and mirrors.

A very few leaning on the backs of very many.

Greed.

Corruption.

Disregard.

Arrogance.

Welcome to our planet.

Edited September 28, 2009 by SpiritAlight

[SpiritAlight 1]

09/23/2009 10:33 PM ET

Big banks to lighten overdraft rules

Wells Fargo, which is Minnesota's largest bank by share of deposits, said it will soon allow current and future customers to opt out of overdraft coverage, meaning that customers can turn off their ability to spend once their accounts hit zero. Then their purchases would be automatically rejected at the cash register if they don't have enough money in their accounts to cover the total.

The banks are also taking steps to limit fees on small purchases consumers might have avoided had they known they would be charged an overdraft fee. For instance, both Wells Fargo and JP Morgan Chase said they will cancel overdraft fees for all accounts overdrawn by $5 or less. This makes it less likely that someone will end up paying $35 for buying a bus ticket or a cup of coffee.

http://www.usatoday.com/money/industries/b...raft-fees_N.htm

Isn't this how things used to be?

Am I old?

I'm certain that's how it was.

It would be the right thing to do.

Alas, how could the banks make tons o' money???????