Orchard Bank

This company is a subsidiary of HSBC which was recently implicated in a scandal with the gov of NY.

I had an account with them which I recently closed.

My experience:
I found that when charges are made to the account, that if you go over the limit by the slightest, there is no grace even if a payment is already in processing. They will apply a fee anyway.
If the monthly interest causes you to go overlimit, they will apply an overlimit fee.
If the annual fee does so, they will again apply this fee.

I was late once and they added a late fee. No problem until I saw that it took me overlimit at which time they also tacked on an overlimit fee.

Did I say something about their fees?

I took this card with the intent of rebuilding my credit. It is not truly set up to help the debtor in any way. The fees will be stacked one upon the other continually.
At least, this has been my experience with them.

I will give them credit in that they have taken some of the fees off in the past after I called and raised sand about it.

Personally, I don't feel like it is worth the trouble to continue dealing with them.

I wonder if anyone on here has had similar experiences with them?