Just when I thought Bank of America
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| Thu, 07-15-2004 - 1:16pm |
I made 3 small payments (electronically) and had about $900 left in my account. My rent (over $1000) was due and I didn't want to pay it late b/c I'm assessed a $100 fee, so I decided to go ahead and send the payment (by check) and risk the overdraft fee of $33. Well somehow, my rent CHECK went through before my ELECTRONIC payments so I ended up with 3 overdraft fees instead of just one! Wait, it gets worse. One of the electronic payments I made was to my Fleet credit card account and since I didn't have the funds to cover it, it rejected. I waited a few days to see if BOA would resubmit it and they didn't, so I made ANOTHER payment. Wouldn't you know that the very next day BOA resubmits my ORIGINAL payment which of course, caused me to overdraft AGAIN. So now I'm up to 4 overdrafts at $33 each. Finally this morning, I checked my account and noticed a 5th overdraft b/c of a charge I made on my bank card last weekend. Thank God I get paid tomorrow! Needless to say, I will now be banking with my credit union. I know I'll still get charged for overdrafts but at least it will only be $15!
Oh, and just to make matters worse, my BF dumped me this weekend BY EMAIL.
Oh the bright side, I will be moving into another apartment at the end of August where the rent is about $200 cheaper!
By the way why if Bank of America and Fleet Bank are basically the SAME company now, why does it take 3 days for my eletronic payment to my Fleet Credit Card to go through from my Bank of America account? Ugh!


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As for your bank, I can't believe banks in general think they can get away with treating their clients like that. I'd dump them in a heartbeat! I work at a plumbing wholesaler, and if we treated our custumers the way most banks treat their clients, we wouldn't have very many customers!
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All ACH payments take about 3 days to post to your payment, even if they are owned by the same people. It takes 2 days to send the ACH and then another day for the receiver to post the payment to your account.
I have noticed over the course of the year I have been with BOA that they always post checks before posting electronic payments. Since I don't write many checks that works great for me. The thing that I love about BOA is that they post Deposits before they post electronic payments. I am not sure if they post payments before checks or not. Many banks will post your debits before any credits. I have had bounced checks and electronic payments at other banks because of this.
Again, I am sorry you have had problems with them. I don't blame you for going somewhere else.
Kathie
HUGS!!!!!!!!!!!!
I'm sorry to hear about all your bank troubles but I'm MORE sorry to hear about the way your boyfriend ended it with you!!!
Have a nice bubble bath & hot cup of tea/hot chocolate/glass of wine, whatever and just indulge yourself for a day or two.
Becky
CL of 4th, 5th & 6th grade Scoliosis
I saw an article recently (I've been looking for it and I can't find it again) that talks about ways banks manage to screw you. An example in the article was suppose you had $200 in your checking account and five transactions all come in at once - one for $250 and four for $20 each. They'll pay the $250 one first and then pay the $20 ones so you get five NSF charges, instead of declining the $250 0ne and then paying the $20 ones, which would only cost you one NSF fee. There were a lot of other things in there too. I wish I could find the article again.
I'm sorry you're having so many problems, but I honestly can't say I'm surprised based on our experiences with them.
Amy
Co-CL Budget Tips & Ideas
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"I don't need no one to tell me about heaven, I look at my daughter and I believe" Live Heaven
HUGS!!!!!!!!
Kimberly
Why do you need to keep this account open if you are banking through your credit union?
Windy
Kimberly
Windy
Charor
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