The thing about US Bank that really irks me is their quickness to charge overdraft fees while they do little to help you avoid them. For example, if you have only $50 in your account when you go to a US Bank ATM and try to withdraw $60, do you think that it will let you withdraw this amount? Conventional wisdom would dictate that it would not allow you to make this withdrawl and indeed that it would tell you that you have insufficient funds; however, US Bank is more than happy to let you withdraw the amount (without first warning you about your insufficient funds) and charge you a $30 overdraft fee.
I've also noticed that if you foresee potential overdraft fees from upcoming automatic payments and prepare by transferring money from another non-US bank account, they seem to take their sweet time in processing it. I think their logic would sound something like:
slower deposit = greater chance of insufficient funds = more overdraft fees = $$$$$$.
I really would like to know how much revenue they generate from these fees.
If anyone out there is considering US Bank as an option. Please don't. These folks need to stop jerking around their customers and maybe the best way is for them to lose a few.
