Which Banks Have It Out For You With
Those ATM Credit/Debit/Check Cards!!!
We are reviewing banks in the 808
state to let you know which bank that you might not want to let handle your
money; the banks in your area doing the same things. The factors we are using are only concerned with the on-line banking,
bill payment, the alleged FREE
checking account and the credit/debit bank card that they offer. We will
attempt to expose how they plan to TAKE
your money from you whether you like it or not! So far PayPal has the best
credit/debit card available for they post each transaction when it happens not
days later. They are not playing games with your money by attempting to trick
you into giving them your money, and you ABSOLUTELY
cannot use more money than you have available so that eliminates the overdraft
charges that the bank rip you off for., plus Paypal gives you 1.5% back on your purchases. This alone will save you lots of money
by not having to pay those bank fees. The banks can do the same things that
PayPal does, but then again they wouldn’t be stealing your money and that is
what the banks call business and being
there to help you!!!… If you cannot find a bank that offers a true "Debit Card"; my suggestion would be to only use your bank account to
transfer money to your PayPal account so you can use their debit card since it
is a true debit card and you cannot spend more than you have in the account and
you will get no PayPal fees added to your account to steal your money. Here is a list of banks that we have reviewed:
First Hawaiian Bank Central Pacific Bank Territorial Savings Bank Bank Of Hawaii American Savings Bank
First Hawaiian Bank
One type of checking account that
this bank offers is free and the bank card for this account is also free, the
on-line banking is also free but not bill payment and checks are not free. No
minimum balance is required for this type of account, however for this free
account there is also a plan to get your money. For having this account type of
account there are shenanigans that seem to appear when you use it. Everything
goes fine until you use your card as a credit card or non debit card. If you
use the card without using your PIN for the transaction the bank will use your
card as a credit card transaction but they will actually treat it like a check.
The transaction will check to see if you have enough to cover the amount in
question and if you do the transaction will go through, this is where the
problems start to arise. It seems that you can use this card for the next few
days and spend more than you actually have in the bank, even though they check
before each transaction. It seems that you can have $100.00 in the bank and
spend more than $500.00 as long as each transaction is not over $100.00. This
is by design so that the bank can hit you for $27.50 for each transaction that
makes you overdrawn. Even if you are overdrawn only 5 cents they will hit you
for $27.50 for it. Instead of the bank protecting you by denying the charges at
the time of purchase, they allow you to go over your account holding to get
fees from you. This is the only bank that I know of that will charge you a
“Continuous Overdraft Charge” of $10 for every three days the account is
overdrawn (and they even include in this count the days the bank was closed).
By the way, it is about five days before the bank notifies you that you went
overdrawn…They have made all kinds of excuses for taking your money but the
real reason is that they never meant to protect you; it is a trap from the
start.
Central Pacific Bank
One checking account that this bank
offers is free and the bank card for this account is also free, the on-line
banking is free but not bill payment and the first 50 checks are free. No
minimum balance is required for this type of account, but if you do keep a
minimum balance of $200.00 or use your bank card 15 times a month or have
direct deposit you can earn 4.00% interest APR otherwise you will only get .5%
interest APR (½ percent). With this account you can also earn points that you
can redeem for airline tickets and more just by using the bank card as a credit
card transaction. So far the online banking is much like the others; the
charges are late to be added to your statement so that you cannot readily track
your purchases and they can trick you into overdraft charges. This banks on-line
banking does has a major flaw, if you do not sign on to online banking on the
first day that you opened the account all transactions before the date you do
sign on will be lost to your on-line banking activity. This means that if you
download your statement activity to balance your account or to track purchases
these missing transactions will need to be hand entered from your mailed
printed statement. The latest trick in the banking arsenal that was presented
by Central Pacific Bank, it amounted to the bank depositing $500.00 into your
checking account then mail out letters to the owners of the accounts stating
that this money is your overdraft protection. Now this may be fine but if you were
out of town or never got this letter in their eyes since you never responded
you agreed to this deposit. Now if you use the funds in your account (not
knowing what they have done) you get charged $30.00 every time you use the
money. Now if you do not know this money has been placed into your account you
get hit with all kinds of charges that you would normally not get because you
only spend what is in your account. Now my gripe is dead people did not respond
to the letter, so I guess they agreed to this also? Since procession is 99% of
the law; then if they put money in your account it is yours correct? They could
not get your money because you only spent what you have in your account, so they play a trick on
you to get you to spend more than you have so they can charge you for it. Very Dishonest!!!
Territorial Savings Bank
One type of checking account that
this bank offers is free but the bank card for this account cost $12.00, the
on-line banking is also free but not bill payment and checks are not free. No
minimum balance is required for this type of account. Things go fine with this
account until you deposit a check and the deposit slip,
ATM and on-line banking state that the whole deposited amount is available. You
proceed to use your account and the next thing you know you are overdrawn for
unavailable balances. Nowhere does it state that the funds are not available
then the bank charges you $21.00 for paying the transaction. This is a deceptive
practice for they already told you it was available then surprise, it is not. I
have called them about this and I was told that they had to call me back, but
four days later and I have not received a return phone call. The strange part
of this is they state I am overdrawn by $110.00 and there are 5 overdraft
charges, now with my math 5 x $21.00 = $105.00 which leaves only $5.00. So how
could there be five overdrafts when the total amount overdrawn is only $5.00 with
all transactions recorded as paid with no deposits made? I don’t know if you
would want this bank counting your money…
Bank Of Hawaii
This bank would not allow us to open an account in our process to review. So I guess there is some "SHADY" working there that they do not want exposed. But on the surface they seem like all the other banks in services and customer treatment.
American Savings Bank
This bank seems to know how to treat it's customers. I have found no "SHADY" services to date. They offer free checking and that is what you get, they offer a "Debit Card" and that is what you get. If you attempt to use your debit card and you don't have enough funds; the transaction does not go thru and they DO NOT charge you a fee!!! I am very impressed with this bank and the way they treat their customers. They realize that it is YOUR money and they have to earn it not steal it!.
More to come…
Other information
Banks' 'courtesy' loans at soaring rates irk consumers
Banks find ways to boost fees; checking accounts latest target
Banks raise penalty fees for customers' overdrafts
Why banks are boosting credit card interest rates and fees
