Regions Bank This Bank Is Designed to Overdraft Acct: It fixes so the fees are More Ft. Lauderdale Florida

Regions bank COOKS THEIR BOOKS!!!!  I read on one site of complaints that they felt like dealing with REGIONS was like dealing with the Mafia, and that may be true.

I had a mistake with Sears charging me twice for the same item.  Sears bent over backwards to fix the problem, they did and it was not easy.  People make mistakes, but SEARS "helps" its customers...NOT REGIONS!

I had 2 over drafts due to the error and my branch manager at Regions was as helpful as much as the banks "policies" would allow.  I had 2 ODs, becuase we all know how they put the largest check in first against your account NO MATTER when it was posted.

Well the GREED of Regions Bank has gotten so bold they changed the DAY on THEIR ledger when the mistaken SEARS charge went through and backed it one day so they could charge more fees!!!! NO KIDDING and I have copies of my account to prove it!

I made printouts of all the post and one of them is right off the records of the branch managers system that PROVERS they changed the date of when the SEARS debit was posted.  I thought it was illegal to "cook the book?" 

The greed with REGIONS bank has gotten so addictive that they are addicts for their customer's money.  Why doesn't ANY ONE do something??!!  I know it is not easy becuase I have tried.  It is like no one in authority really cares!

Although it is a little difficult to decipher some of your comments, it appears that you were charged 'unavailable funds fees'. These may well show on your statement even if your 'posted balance' (prior to the fee) is positive.

The fees you were charged probably related to the amount of 'authorized holds' (debit card purchases) placed on your account.

Example;

Let's say you have $100 in your account, and you have purchased items from a store totalling $50, however the store hasn't collected this money yet, merely got an authorization that the funds are available. The $50 purchase is logged at the bank and those funds are placed 'on hold'.

So, now your 'available balance' is only $50 but your 'posted balance' is still showing $100. That night a check comes through and 'posts' to your account for $60. However, the store didn't 'post' your $50 purchase, it remains 'on hold' still.

The next morning your 'posted balance' shows you still have $40 left, but your 'available balance' would show that you are actually negative $10. Hence you will be assessed an 'unavailable funds fee'.

Holds placed against your account will reduce your balance, even if the merchant doesn't collect the funds for 3 days.

The only way to avoid fees is to keep an accurate ledger and ensure you know the policy on cut-off times and how fees are assessed.

I work for a larger national bank and we have the same type of fees on checking accounts.

"First and foremost, it automatically overdraw your account even on weekends which if you should make a deposit during this time or call the bank is closed."

- NOPE..The only way to overdraw your account is if YOU spend more than was available in your account. If you don't spend more than you have in your account it does not matter how they post transactions.