Fifth Third Bank
1841 BLANKENBAKER
Louisville Kentucky 40299
U.S.A.
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- Phone: 502-266-9669
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- Category: Banks
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Fifth Third Bank Overdraft fees Pending then Posted Louisville Kentucky
1Author
2Consumer
0Employee/Owner
I am still trying to figure out how I had a balance of $37 and 3 transactions of $29, $4.25 and $10.59 and ended up with 3 overdraft fees. I seemed like I would have been able to cover at least one of these and only been charged the 2 fees. What I was told is as follows:
On the first day the $10.59 was "Pending" bring the acount to $26.41 then the $29 hit and the first overdraft fee was assessed, the next day the $4.25 came through and the second fee was charged, the third day (and here is where it gets interesting) the $10.59 "Posted" and a third charge was assessed.
I was told that anytime that your balance is negative and an amount is posted you are charged. My confusion though is that they pulled the money for the $10.59 on the first day which caused the $29 to be hit with the overdraft fee (which I can understand), but when the $10.59 was posted no money would be pulled out as it had already been pulled, but I am assessed with another fee?.
Can anyone explain this to me more clearly? I was hit with a total of $91 in fees ($25, $33, $33) and am disputing only one of them.
Lee
Louisville, Kentucky
U.S.A.
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REBUTTALS & REPLIES:
1Author
2Consumer
0Employee/Owner
Updates & Rebuttals
#1 Consumer Comment
AUTHOR: Jim - Anaheim (U.S.A.)
SUBMITTED: Monday, September 29, 2008
POSTED: Monday, September 29, 2008
Lee, I would immediately stop using your debit card. Here is what happens:
When you use your debit card and you end up overdrafting your account, the day's transactions (all of them) are considered overdrafted. It's part of the account agreement you have with the bank and it's pretty standard throughout the industry.
Now, stop with the debit card. Get a credit card and use that. Your problems should disappear. Best of luck to you.
#2 Consumer Comment
AUTHOR: Edgeman - Chico (U.S.A.)
SUBMITTED: Monday, September 29, 2008
POSTED: Monday, September 29, 2008
I can't promise it will make any more sense...
The first transaction left you with an available balance of $26.41.
The $29 transaction left you with a balance of -$2.59 and the first fee was posted.
The $4.25 transaction left you with a balance -$7.00 plus the second fee.
Those two bank fees wiped out your account and now there were no funds to cover the $10.59 transaction when it posted.
You may be able to get one of the fees reversed if you don't have a history of overdrafts. Call the bank, be nice and ask if you can get them to remove a fee.
