Lets say I had to call in a check for my light bill. I timed it just right, so that it would hit the same day as my direct deposit from my checking acct. Well, for some reason, they want to HOLD the direct deposit (that has been in place for over a year) for 12 hours and let the light bill go through. Ok... then they slam me with an NSF fee (since, you know, the deposit was still "pending" at the time) and an OD fee (because they put the light bill in first and it made it go temporarily into the neg, until the direct deposit went through).
Can they legally do this? The bank I am referring to has been in lots of trouble for screwing ppl over (Woodforest). Thanks!
Asked by Anonymous at 10:50 AM on Aug. 19, 2010 in Money & Work
Answer by motherofhope98 at 6:04 PM on Aug. 19, 2010
Answer by BradenIsMySon at 10:52 AM on Aug. 19, 2010
Answer by LindaClement at 10:52 AM on Aug. 19, 2010
I'm not sure they can, but, if they do call them. They will usually wave the fees if you haven't bounced your account. more than once a year. Even direct deposits can have a hold, that's why it's best to make sure the money is in your account first.
Answer by Christine0813 at 10:54 AM on Aug. 19, 2010
Answer by Scuba at 10:56 AM on Aug. 19, 2010
Answer by Mommy2Gabrielle at 10:57 AM on Aug. 19, 2010
Answer by bjane01 at 2:27 PM on Aug. 19, 2010
Answer by rkoloms at 6:10 PM on Aug. 19, 2010
Answer by SunShineMoMM at 10:51 AM on Aug. 19, 2010
Answer by MamaSarah1104 at 10:53 AM on Aug. 19, 2010
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