| Title: | DCU |
| Notice: | 1996 BoD Election results in 1004 |
| Moderator: | CPEEDY::BRADLEY |
| Created: | Sat Feb 07 1987 |
| Last Modified: | Fri Jun 06 1997 |
| Last Successful Update: | Fri Jun 06 1997 |
| Number of topics: | 1041 |
| Total number of notes: | 18759 |
I was in the DCU about a month ago about a check that did not go
through. I had requested they run a statement of my transactions and
when I received it, I noticed the check I had a problem with had been
been listed as "paid" but with a $15.00 fee added. I asked the teller
what was going on and she stated to me the DCU now pays all checks
even if you do not have enough funds in your checking account to cover
it, but you will be charged a 15.00 fee for this. She also said DCU
will allow you to go into the hole up to $1500.00 before they do not
pay the check(s). I am not sure if this applies only to just me or for
all DCU members, but I believe it applies to all.
I was talking with someone tonight about this and he stated this was a
form of overdraft protection and in reality is a loan in which you will
pay interest on if funds are not replenished to cover your checks. Is
this accurate, if so how come I never heard anything about this until I
had to investigate a problem?? Was anything ever sent out about this?
And....if wrong what is really happening here?
Overall, I have had a pretty good relationship with DCU although I
think their fees are a little high and some could be eliminated. Also,
I think they should simplify their loan process, especially for loans
under $25,000. That loan sheet is sooooo long!
Thanks,
Phil
| T.R | Title | User | Personal Name | Date | Lines |
|---|---|---|---|---|---|
| 822.1 | CSC32::J_OPPELT | Metanoia via palanca | Thu Apr 28 1994 13:17 | 5 | |
You can get an overdraft line of credit at no cost, and that
will prevent any unnecessary fees (from both sides of the
transaction) for bounced checks.
I have not heard of the "service" you described.
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| 822.2 | Heres what I was told.. | BRAT::GODDARD | Mon May 02 1994 09:51 | 11 | |
As I was told by a rep. from the CU. This service was given to a
selected group of people. I was told you either have it or you don't!
You can not apply for it. How it was determined if you got it, is
beyond me!
What happens is... You are charged the $15.00 fee for insufficient
funds, however the CU pays the check, and you have seven days to
pay if you go negitive in your account.
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| 822.3 | SLOHAN::FIELDS | Strange Brew | Tue May 03 1994 10:48 | 4 | |
I would guess if you have direct deposit you got it....I asked and I
have it...and I have DD
Chris
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| 822.4 | no activity | POWDML::GPILLIVANT | Wed May 11 1994 14:17 | 1 | |
Why is there no activity in this file today | |||||
| 822.5 | Testing | DASPHB::PBAXTER | Wed May 11 1994 14:33 | 1 | |
i noticed it too ... wonder if I can post this reply ? | |||||
| 822.6 | I guess no one has anything to say | USCD::DOTEN | Wed May 11 1994 14:34 | 0 | |
| 822.7 | CSC32::S_BROOK | There and back to see how far it is | Wed May 11 1994 15:21 | 1 | |
could it be due to the fun in Digital Conference ? | |||||
| 822.8 | CVG::THOMPSON | An AlphaGeneration Noter | Wed May 11 1994 16:39 | 5 | |
> -< I guess no one has anything to say >-
Never stopped anyone before. :-)
Alfred
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