A young man left $4.85 in his TCF Bank account. TCF assessed him a $9.95 "maintenance fee" for not having enough money in his account. Then they charged him for being overdrawn by $5.10 (ten cents more than he was allowed by their rules). In less than two weeks, they'd assessed so many fees and penalties against the account holder that he owed them $229.10. All for having the temerity to have a low-balance account. The bank said it was his own fault for not having more money. Finally, they relented -- only after being contacted by a newspaper.
"I try to raise my children the right way and if my son would have overdrawn this account because of spending money he didn't have we would have made him take care of it," she said. "But what TCF did is not right. Money is tight right now and if this is their way of making money, they need to be stopped."
Ganziano said the entire goal of setting up the account was to teach her sons how to be smart with their money.
"When they get zapped this way, why would they trust a bank?" she said.
Bank fees that overdraw teen's account have mom seeing red
Akamai’s Ryan Barnett reports on two attacks against the service’s financial customers last year: attackers used nearly 1m compromised systems to attempt to log in to users’ accounts using logins and passwords from earlier breaches.
In 2006, western leaders decided that Gaddafi’s oil was more important than his human rights record and complicity in terrorism and lifted sanctions against Libya, creating a massive pool of cash for the country that it turned into a sovereign wealth fund whose business was aggressively courted by Goldman Sachs.
The all-cash deal is expected to close by the end of the calendar year, and will be one of the largest acquisitions in tech business history.
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