how I managed to wind up overdrawn with a debit card (shouldn't the transaction in question simply have been refused?
Oh, wouldn't that be nice. No, most banks, it seems, will process the payments, to the tune of allowing the account to go several hundred dollars negative, and gleefully charge you a $35 fee for every payment it processes in the negative, whether it's paid or returned.
more importantly, where was my miscalculation or record-keeping glitch that got me there?)
I had higher expectations than that for a credit union, but maybe being a 'member' instead of a 'customer' is no longer the protection against "gotcha" tactics that it once was.
(no subject)
Oh, wouldn't that be nice. No, most banks, it seems, will process the payments, to the tune of allowing the account to go several hundred dollars negative, and gleefully charge you a $35 fee for every payment it processes in the negative, whether it's paid or returned.
more importantly, where was my miscalculation or record-keeping glitch that got me there?)
That, on the other hand, could be all the bank. Check this out: http://consumerist.com/tag/overdrafts/?i=5011987&t=bank-of-america-lets-charge-three-overdraft-fees-to-the-account-flush-with-cash
(no subject)