Robert
Irvine,#2Consumer Comment
Tue, January 06, 2009
You said you are given 2 business days to correct any overdrafts. You stated that it was only 1 1/2 business days because Christmas Eve was a 1/2 day. Unfortunatly it does not work that way. It does not matter if they were only open for 10 minutes on 12/24, that consitutes a full business day. So your deposit on Monday was too late because Christmas Eve and December 26th were your 2 Business Days. Then you ignored the letter(because you thought it was taken care of) which caused another overdraft. Again by the time you caught this one the 2 Business days had passed. Hopefully it was just the holidays that kept you from checking your account every day. But it sounds like you keep minimal amount of money in the account. I am not saying that that is a bad thing, but if you do you should try and at least monitor your account each and every day to catch these things as soon as they occur. As a side note, while you are probably paying a monthly service fee on your account having 2 days to rectify an overdraft is a good benefit. Most major banks do not give such a grace period and access the OD fee as soon as you do overdraft.