Over-drawn $4.85? You now owe $229.10

With the help of his mother, Daniel Ganziano set up a savings account at a nearby TCF Bank.  After he put money into the savings account from his job, Daniel Ganziano's balance eventually fell to $4.85 and with such a small amount, he ignored it.
The bank of course continued charging fees, the account became over-drawn as a result of those fees, and then came the "overdrawn" penalty fees, and before you can say "Shylock's Pound of Flesh", within 2 weeks Daniel owed $229.10 in overdraft penalties.  The bank refused to close the account until the fees were paid.  And to make it even more insidious, he can't get another bank account anywhere else until he pays off the first bank's extortion.

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