Overdraft fees

I always say this, and I will say it again. If you cannot keep track
of your bank account to the point of having overdraft fees totaling to
$1000 over the years, why do you even have an account?
This really is your fault, and you shouldn't spend money that you
don't have! If you only spent money that you had, it wouldn't matter
in which order the bank draws the money from your account, because it
wouldn't overdraw you each time!
They will not give you those fees back. Why should they? If it was a
mistake and it happened only once or twice, yes I could see that
happening. But for someone who does it over and over again? I don't
think so! Either start keeping better track of your account, or don't
have one at all. You are only wasting your money, and they are making
money from you. I can't say that I blame them.
I can't believe that you would sit and write something like this when
you are clearly in the wrong.

There is not one bank that doesn't do this. I am so tired of overdraft
fees..my bank holds my direct deposit in pending for two days before
adding it even though they say it is available. The government has to
do something about banks doing this.

At this point with so many fees being charged to you, I would
recommend changing your method of using their services or bank where
they do not use that policy.

"over the years".... and you just now care...... WOW

Unfortunately, and I say that loosely, most banking policies are to
run debits before credits. My bank processes credits before debits so
I do not have that problem. There are no cut off times either.

Try looking for a bank that posts items this way. Otherwise you'll be
going through this cycle periodically. And be sure to pay up when it
comes to fees or overdrafts on your account because they could charge
you off and put you on ChexSystems.

I know it's a terrible practice.

Good luck.

The practice of putting through larger checks before smaller ones,
regardless of date, is a common one because yes, it garners more fees
for the bank. While I've voiced my disagreement of this in the past,
many states still allow this practice. If it's legal in your state
(and it probably is), then you need to be extra vigilant in ensuring
your account doesn't go into overdraft.

While I might've been on your side had this been one or two checks (a
lot of banks will waive the overdraft fee if it's the first time
you've ever bounced a check or haven't done so in quite awhile), $1000
in overdraft fees means quite a few bounced checks. How many years are
you talking about it? You may need more than a reimbursement of fees;
you may actually need help in money management.

If your overdraft fees over the years are $1000 ~ then at roughly $30
a pop, it means there have been 33 items that have 'bounced".

Yikes!

I am not surprised about this complaint. The company I work for
makes cash deposits every Friday, and the money isn't posted until
Tuesday or Wednesday of the next week. I can understand when we
deposit after the "cut-off" time, that it should post the following
business day, usually Monday. But up to 5 or 6 days later? We've even
had one cash deposit not post until after the following weeks deposit.
I will never bank with Wells Fargo for my personal accounts, and my
boss is researching other banks to transfer all his company business
to.

$1,000.00 over the years? You say that so casually. Sorry, but it's
not the bank, its your lack of financial responsibility. And if it IS
the bank, and this has been happening for years, well then I don't
need to state the obvious!

Have they been delaying the deposit of pay checks? By how many days?

2, 3, 4, or ever 5 days may be reasonable to credit a deposit. While
we'd like it to be quicker, banks are unfront about the fact that it
can take a few days to credit a deposit.

If they're holding your checks for 10 days, that's excessive and you
need to find out why.

This said, never write a check that there's not money in your account
to cover. Not pending deposits, but actual money in the account.

If you are maintaining an accurate check register and not authorizing
debits (either via check or ATM) prior to your funds being available,
then it shouldn't matter what order the debits post.

If you've incurred $1000 worth of OD fees then it's you, not the bank,
that has the problem. You are writing checks before your paycheck
clears. If you didn't do that, it wouldn't matter how they processed
the checks.

The bank, in this case, didn't wrongfully charge this fee. If the
money isn't in the account, they charge a fee for using their money to
cover your shortage.

If you have enough in your account to begin with then it shouldn't
matter what order they come in. Don't spend what you don't have and
keep a check register properly, and you shouldn't have any problems.

They've held off depositing your paycheck in order to collect
overdraft fees? Or have you started writing checks as soon as you
give them the paycheck rather than waiting for it to clear?

The problem is that you've agreed to their terms, which includes
agreeing that they can charge you these overdraft fees -- so they
haven't been wrongfully charged. I'm not sure why, well before you
had paid $1,000, you didn't look at your own actions and figure out
how to behave so that you didn't keep getting hit with the fees.