Mark (generalist) wrote,
Mark
generalist

  • Location:
  • Mood:
  • Music:

Yowch! Holy Banking Rip-offs, Batman!

Hi!

I just called up Banana Republic credit card services, since I have one of their cards and have needed to make a payment for a while. I already owe them late fees on this account because I've been too distracted by work and home life to deal.

When I called up, the automated system said that they could accept direct transfer from my bank account, via a 1-time authorization for ACH debit. ACH is short for Automated Clearing House, you can click here to read about it at WikiPedia. I thought: "cool, I don't have to find my stamps and write a check, or figure out my bank's bill-pay service." I decided to try it out. But, Whoa! When I selected the option they said: "this transfer will incur a transaction fee of ten dollars, do you want to proceed?" No, I did not, what a rip-off!

I think I'll go find some stamps.

Yours for better consumer education, I am generalist

Tags: rambling
Subscribe
  • Post a new comment

    Error

    default userpic

    Your reply will be screened

    When you submit the form an invisible reCAPTCHA check will be performed.
    You must follow the Privacy Policy and Google Terms of use.
  • 6 comments