Robert
Wallingford,#2Consumer Comment
Tue, May 16, 2006
I think from your post that you used a check card or debit card to pay for a purchase. What happens is, a hold is placed on the funds in your account for the cost of the purchase. If the balance in your account is less than what the purchase cost is, the bank will charge you a fee for overdrawing your account (the fee accessed on the first). If you do not deposit money into your account to cover the purchase plus the overdraft fee, when the transaction is processed and debited to your account, you will be charged a non sufficient fund fee (the charge in the second). They are two separate fees. Some banks have an opt out feature so that if there are not enough funds in your account to cover the purchase the transaction will be rejected. Call your bank to find out if they have this available.
Robert
Wallingford,#3Consumer Comment
Tue, May 16, 2006
I think from your post that you used a check card or debit card to pay for a purchase. What happens is, a hold is placed on the funds in your account for the cost of the purchase. If the balance in your account is less than what the purchase cost is, the bank will charge you a fee for overdrawing your account (the fee accessed on the first). If you do not deposit money into your account to cover the purchase plus the overdraft fee, when the transaction is processed and debited to your account, you will be charged a non sufficient fund fee (the charge in the second). They are two separate fees. Some banks have an opt out feature so that if there are not enough funds in your account to cover the purchase the transaction will be rejected. Call your bank to find out if they have this available.
Robert
Wallingford,#4Consumer Comment
Tue, May 16, 2006
I think from your post that you used a check card or debit card to pay for a purchase. What happens is, a hold is placed on the funds in your account for the cost of the purchase. If the balance in your account is less than what the purchase cost is, the bank will charge you a fee for overdrawing your account (the fee accessed on the first). If you do not deposit money into your account to cover the purchase plus the overdraft fee, when the transaction is processed and debited to your account, you will be charged a non sufficient fund fee (the charge in the second). They are two separate fees. Some banks have an opt out feature so that if there are not enough funds in your account to cover the purchase the transaction will be rejected. Call your bank to find out if they have this available.
Robert
Wallingford,#5Consumer Comment
Tue, May 16, 2006
I think from your post that you used a check card or debit card to pay for a purchase. What happens is, a hold is placed on the funds in your account for the cost of the purchase. If the balance in your account is less than what the purchase cost is, the bank will charge you a fee for overdrawing your account (the fee accessed on the first). If you do not deposit money into your account to cover the purchase plus the overdraft fee, when the transaction is processed and debited to your account, you will be charged a non sufficient fund fee (the charge in the second). They are two separate fees. Some banks have an opt out feature so that if there are not enough funds in your account to cover the purchase the transaction will be rejected. Call your bank to find out if they have this available.