All banks are terrible, but Umpqua Bank stands out as one of the worst. They recently initiated a policy to charge you $7 a day after five days of being overdrawn on top of their original overdraft fees. Now let's think about this for a minute. If I overdraw my account twice for two $2 purchases, I will be charged $70. Then, if I have been gone for two weeks, I will be assessed an additional $49. $119 for being $4 in the hole.
Recently, I was charged $84 worth of these $7/day fees on top of two $35 overdraft fees. I called the bank to protest, and told them I would pay the two $35 fees but I could not pay the $7/day fees. They would not waive them, even after I told them how embarrassed I felt for having to try to bargain with them, and that I felt like they were bleeding me dry.
And the worst part is their facade of friendliness. They act like they are some kind of saintly bank. Just terrible. I now have to go spend student loan money on ridiculous bank fees. This is why we need someone to regulate the banks. I know I'm not the only one affected by this blatant usury. Forget bank robbery -- they're the ones robbing us.
Anyway, DON'T FUCKING GET AN UMPQUA BANK CHECKING ACCOUNT UNLESS YOU ARE A MILLIONAIRE.