Tag Archives: bank

Sun Trust Bank Error Puts Georgia Woman in $300 Million Worth of Debt (Video)

Georgia woman, Ann Wiley, is $300 million in debt due to a Sun Trust bank error.
Georgia woman, Ann Wiley, is $300 million in debt due to a Sun Trust bank error.

The banks are charging us more and more every day in fees just to hold our money for us.  But as the fees get steeper the services get more shoddy… and downright disastrous.

Georgia native, Ann Wiley, had problems paying a bill online and thought, “Hey, I’d better check my account.”  Well, she discovered that there was more of a deficit in her account than she thought. Courtesy of Sun Trust bank, she was $100 million in debt.  But then, it didn’t stop there.  The debt doubled, then tripled over night with hundreds of millions deducted from her checking and savings.  Wiley is not even a close friend of Oprah, so the debt was more money than she had ever seen attached to her name. Continue reading

Wal-Mart’s Money Center Gets Boost from Bank Protests

We’re in the heat of a recession because of banking that had been deregulated during the Bush era and folks are not taking it sitting down.  This past weekend there was a push during the Occupy protests that made Saturday into “Bank Transfer Day” where people who are fed up with the big bank fees and other practices could abandon ship and go with their local credit unions. Continue reading