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Bank Of America - BofA the banks policy is if checks come in on the weekend they pay the largest one first on the following Monday .. so if your first debit is on Sat morning.that way they can charge each transaction OD f over drafts are paid by the largest amount first ... anderson, Indiana
Bank of America pays out your debit transactions by the largest amount first .. that way they can add up more over draft fees... for example.. if you had 5 transaction over the weekend.. then another transaction come in on Monday for a larger amount.. BOA will pay for the largest transaction first even though it came in last... so that BOA gets more OD fees for the smaller amounts.. That is their POLICY... and it is unfair and they are committing fraud by manipulating the account transaction by a simple policy.
3 Updates & Rebuttals
Karl
highlands ranch,Colorado,
U.S.A.
I WONDER WHY THE 'MAINSTREAM MEDIA', LIKE- ABC, CBS, NBC, & FOX HAVEN'T DONE A STORY ON THE 'SECRET LIFE INSURANCE POLICIES' THAT...
#4
Tue, August 18, 2009
Bank of America, Wells Fargo, Citigroup, JP Morgan Chase, Wachovia, Washington Mutual, Bear Stearns, & others were allegedly taking out on their CURRENT & former employees (without their knowledge or consent), and then collecting the benefits when these people DIED?
Karl
highlands ranch,Colorado,
U.S.A.
AFTER THE 'DEATH SWEEPS' ARE PERFORMED EACH MONTH, DO YOU THINK THAT BANK OF AMERICA....
#4
Tue, August 18, 2009
posts the LARGEST 'death benefit check' first, or do you think that they simply post all of these DEATH BENEFIT checks simultaneously?
Ashley
springfield,Missouri,
U.S.A.
Not fraud
#4
Tue, August 18, 2009
This is standard procedure at all banks. They all process debits before credits, and they do them from highest to lowest.
If you would read the contract/agreement that you signed when you got the bank account it discloses this information to you. Unfair? maybe. Legal? Completely. If you had enough money in the account to cover all the transactions, it wouldn't matter what order they processed them in.