12 Ways Financial Institutions Screw You Over

Nothing gets a group of people talking like a good “bank screwed me over” story. Dissatisfaction with banks, credit card issuers and stock brokers is so widespread that entire forums are bursting with complaints and horror stories to which most of us can personally relate. While it’s unlikely that any of these companies will listen, we thought it’d be useful to gather the most common (and sneaky) ways financial institutions screw people over into one place so you can keep an eye on your money.
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How Banks Snatch Almost $2 Billion From Us Yearly

Many consumers have had the unpleasant experience of overdrawing their bank account.  By delaying deposits and funds transfers for reasons unknown and offering up confusing and contradictory figures for available balance, it sometimes seems as though the bank wants to catch you with insufficient funds. With hefty charges attached to each micro-loan the bank gladly offers, you are left wondering why these overdraft programs are so mysterious, and how you got into them in the first place. This chart sheds some light on the incredibly profitable bank practice of offering automatic overdraft “protection.”

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