Ivy Brodsky, 37, thought she had identified an approach to stop six lenders that are payday using cash from her account whenever she visited her Chase branch in Brighton Beach in Brooklyn in March to shut it. But Chase kept the account open and between and May, the six Internet lenders tried to withdraw money from Ms. Brodsky’s account 55 times, according to bank records reviewed by The New York Times april. Chase charged her $1,523 in fees — a variety of 44 fund that is insufficient, extended overdraft fees and service costs.

Ivy Brodsky, 37, thought she had identified an approach to stop six lenders that are payday using cash from her account whenever she visited her Chase branch in Brighton Beach in Brooklyn in March to shut it. But Chase kept the account open and between and May, the six Internet lenders tried to withdraw money from Ms. Brodsky’s account 55 times, according to bank records reviewed by The New York Times april. Chase charged her $1,523 in fees — a variety of 44 fund that is insufficient, extended overdraft fees and service costs.

The overdraft fees levied by Chase cannibalized her child support income for Subrina Baptiste, 33, an educational assistant in Brooklyn. She stated she sent applications for a $400 loan from Loanshoponline.com and a $700 loan from Advancemetoday.com last year. The loans, with yearly rates of interest of 730 % and 584 % correspondingly, skirt nyc legislation.

Ms. Baptiste stated she asked Chase to revoke the automated withdrawals in October 2011, but had been told that cash advance loan online Hawaii she needed to ask lenders rather. In one thirty days, her bank records reveal, lenders attempted to simply take cash from her account at the least six times. Chase charged her $812 in charges and deducted over $600 from her child-support repayments to pay for them.

“I don’t realize why my bank that is own justn’t pay attention to me personally,” Ms. Baptiste stated, incorporating that Chase finally shut her account final January, 3 months after she asked.

A spokeswoman for Bank of America stated the lender always honored needs to end automated withdrawals. Read more