- Report: #237313
Complaint Review: Huntington Bank - Lima Ohio
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Huntington Bank
Market Street Lima, 45805 Ohio, U.S.A.
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Huntington Bank NSF Fees! ripoff Lima Ohio
I also have been hammered by Huntington Banks NSF Fees. However,my fees don't really make any sense to me. I have a direct deposit payroll check go into my account every other week and on the same day of the deposit I have also been charged this fee even with my account still in a positive standing.
I have called their collection's department in an effort to resolve this issue but was told that the over draft fee was a result of a pending item. Again, the key here is that while my account was showing a positive balance before the payroll deposit, once the deposit was posted to the account I was assessed a 36+ dollar overdraft fee. How is that fair or legal?.
As for the keeping a registry, In keeping it I know what I have available to me but when I go on line to compare the two and the online statement is showing me with one figure while my registry reflects that of another the common practice is to assume that the banks account of my activity is correct and more accurate to that of my own so when I reconcile it to match the bank, but did not know I had an NSF fee applied to my account what good is the registry??
Anyone is free to rebuttal my comments here but facts are facts and the facts here are that something is not right with the way this electronic banking deal is going on. Companies are able to report debits in a matter of minutes, why would there be a need to put a transaction into a pending state? if we were talking about a paper check I could see this being done but we are talking about electronics, and not the old style COBOL or RPG with the 80 and 96 column key cards.
If Huntington were to post the transactions as fast as they do the NFS fees there would be no issue to speak of, but with my having to lose $500.00 dollars of my hard earned cash because a transaction was pending in spite of the funds being in the account seems like pure theft to me and it is in no way shape or form fair and not to mention that I was charged this 36+ dollar fee twice on one day. I'm willing to learn if anyone is willing to explain this to me, I'm listening.
James
Lima, Ohio
U.S.A.
I have called their collection's department in an effort to resolve this issue but was told that the over draft fee was a result of a pending item. Again, the key here is that while my account was showing a positive balance before the payroll deposit, once the deposit was posted to the account I was assessed a 36+ dollar overdraft fee. How is that fair or legal?.
As for the keeping a registry, In keeping it I know what I have available to me but when I go on line to compare the two and the online statement is showing me with one figure while my registry reflects that of another the common practice is to assume that the banks account of my activity is correct and more accurate to that of my own so when I reconcile it to match the bank, but did not know I had an NSF fee applied to my account what good is the registry??
Anyone is free to rebuttal my comments here but facts are facts and the facts here are that something is not right with the way this electronic banking deal is going on. Companies are able to report debits in a matter of minutes, why would there be a need to put a transaction into a pending state? if we were talking about a paper check I could see this being done but we are talking about electronics, and not the old style COBOL or RPG with the 80 and 96 column key cards.
If Huntington were to post the transactions as fast as they do the NFS fees there would be no issue to speak of, but with my having to lose $500.00 dollars of my hard earned cash because a transaction was pending in spite of the funds being in the account seems like pure theft to me and it is in no way shape or form fair and not to mention that I was charged this 36+ dollar fee twice on one day. I'm willing to learn if anyone is willing to explain this to me, I'm listening.
James
Lima, Ohio
U.S.A.
2 Updates & Rebuttals
Robert
Wallingford,Connecticut,
U.S.A.
My first suggestion...
#2Consumer Comment
Wed, February 28, 2007
would be to read through your account terms and conditions. It should explain your banks policies alot better than I can offer. First, if the pending transaction is a check card transaction, the funds are placed on hold, meaning, those funds can not be drawn against for other debits. Your banks online account information may or may not show the funds in your account balance (I don't know how their online information is setup). The funds for the check card purchase remain on hold until the bank receives confirmation from the merchant for the transaction. Merchants process their transactions on varying schedules, so the hold on those funds could be days. Another pitfall is what the transaction is for. If a check card is used at a gas station, resturant, car rental, these establishments will place a hold on funds that is larger than what the actual cost may be. If another debit comes in that is more than your balance less any holds, you will be accessed an NSF. As for your registry, don't go changing it to match what is shown online. If you are entering each transaction when it is made, deducting it from your balance, and your balance is not in the negative, your registry should be what is accurate. Also keep in mind the banks funds availablity policies (again you should find those in your account terms and condition). Your direct deposit is available to draw againt on the day it posts (I will assume Friday). Check and cash deposits vary depending upon when the deposit was made, if using a teller or ATM. It gets pretty complicated. When you keep a register, date your deposit on the day it is avaialble to draw against, subtract your debits when you make them and deduct any ATM fees or account fees, you should have a far more accurate balance than you can get from your online account. Good luck.
Robert
Wallingford,Connecticut,
U.S.A.
My first suggestion...
#3Consumer Comment
Wed, February 28, 2007
would be to read through your account terms and conditions. It should explain your banks policies alot better than I can offer. First, if the pending transaction is a check card transaction, the funds are placed on hold, meaning, those funds can not be drawn against for other debits. Your banks online account information may or may not show the funds in your account balance (I don't know how their online information is setup). The funds for the check card purchase remain on hold until the bank receives confirmation from the merchant for the transaction. Merchants process their transactions on varying schedules, so the hold on those funds could be days. Another pitfall is what the transaction is for. If a check card is used at a gas station, resturant, car rental, these establishments will place a hold on funds that is larger than what the actual cost may be. If another debit comes in that is more than your balance less any holds, you will be accessed an NSF. As for your registry, don't go changing it to match what is shown online. If you are entering each transaction when it is made, deducting it from your balance, and your balance is not in the negative, your registry should be what is accurate. Also keep in mind the banks funds availablity policies (again you should find those in your account terms and condition). Your direct deposit is available to draw againt on the day it posts (I will assume Friday). Check and cash deposits vary depending upon when the deposit was made, if using a teller or ATM. It gets pretty complicated. When you keep a register, date your deposit on the day it is avaialble to draw against, subtract your debits when you make them and deduct any ATM fees or account fees, you should have a far more accurate balance than you can get from your online account. Good luck.
