¿ What are they up to now? Banking Industry has Secrets they don't tell you about when you open an account.

Later on down the road they send you an "our policies have changed" notification knowing most people don't read it immediately.

It refers to fees specifically, but never mentions the order in which debits and credits are posted. They don't tell you that even though you make a CASH deposit, if you use your debit card that same day you will be overdrawn and be charged a fee.

Even though the funds were there, only the debits were posted immediately and not the deposits.

The sign in their driveup window states otherwise. I've had to wait almost 10 days for a local check to clear. I've also had checks come in that aren't posted for long periods of time. They are inconsistant with their posting and they do it to benefit from it.

Here's how they do it. If you have a $200.00 balance and a bill you pay electronically that is debited each month for $140.00 on the 10th of the month you know you have $60.00 left on the 10th of the month.

You decide to pay your next bill of 25.00, leaving a balance of 35.00 on the 11th of the month. Now, here's where the Secrets they don't tell you about begin-

Your balance is $35.00 a situation comes up where you make a debit purchase that exceeds your balance, even if only by .01 cents.

Here's what they do to benefit from your mistake, Instead of posting the debits in the order they came in they post the debits in an order that will profit them the most.

The overdrawn fee goes from having one at $34.00 to having a minimum of three.

They will hold the highest amount debit in order to rack up more overdraft fees if they have the opportunity to. Once they've sercharged your account that puts you even more in a negative balance which they sercharge again.

You have just gone from being .01cents overdrawn to $102.00 at the very least.

What they should have done is posted the $140.00 which came in first, then the 25.00, and finally the 35.01, but by doing it the way they do, they make more money for themselves. Very Bad UNFAIR and DECEPTIVE TRADE PRACTICES.

When you have an automatic deduction scheduled from your account it is done at midnight before the date scheduled and these banks know it! They hold back posting it for one reason and one reason only... to make money off you and I.

If you would like to read more about this and other reports  there is a site for Consumers, by Consumers at www.ripoffreport.com

You can make a report there or with the Federal Trade Commission.

Our tax dollars are helping to bail out these banks and this is how they show their appreciation.

This is not the American Way.

The more you give the more you get, the more you laugh the less you fret...  the more you give unselfishly, the more you live abundantly.