This is from the earnings release, if you are victim of this you should call your state attorney general.
"Service charges on deposit accounts totaled $154 million for the first quarter of 2008, an increase of 11.6% compared to $138 million earned in the same quarter last year. This increase was attributable to growth in revenues from overdraft items.
Other nondeposit fees and commissions totaled $128 million for the first quarter of 2008, an increase of 12.3% compared to the first quarter of 2007. This increase was generated primarily by growth in bankcard income and debit card related services."
oh sugar, it is so nice to have you back with us. So, just what are they suppose to tell their atty. general. You are not saying something as stupid as BBT is breaking some kind of law or reg or something, are you??
I am just so impressed by the excellent research you put together.See, I am being nicer. Glad to have you back.
Yes I am exactly implying that they are cheating people--and that it accounted for $40 million of their net income in Q1--about 10% of profits. That's a strong motive for criminal activity. The original poster declares that a change in the way the checks are received resulted in overdraft charges. A reply from a BBT employee confirms the practice. Class action suit anyone?