• Report: #832233

Complaint Review: Regions Bank

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  • Submitted: Wed, February 01, 2012
  • Updated: Wed, February 01, 2012

  • Reported By: Lin — Punta Gorda Florida United States of America
Regions Bank
Tamiami Trail Punta Gorda, fl punta gorda, Florida United States of America
  • Phone: 800 267-6884
  • Web:
  • Category: Banks

Regions Bank Hold pending items for NSF excess charges punta gorda, Florida

*Consumer Comment: Okay

*Consumer Comment: balance your checkbook

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This is every months, I read there are many law suits out there for the various banks that are ripping us off.  I would say Regions owes my family more the 15,000.00 dollars. See below:




Pending Transactions  --  This was on Friday 





Date
Type
Description/Category

Debit (-)

Credit (+)

Projected Balance

1/27/2012
AW
CAPITAL ONE ONLINE PMT
($30.00)

$772.38

1/27/2012
PU
IHOP 36 089
($65.29)

$707.09

1/27/2012
PU
MCDONALD'S F661
($26.75)

$680.34

1/27/2012
PU
OUTBACK #1087
($95.87)

$584.47

1/27/2012
AW
FLORIDA HOMESTEA E. G
($475.00)

$109.47 <<<<--- You see I had the money there

1/27/2012
AW
HSBC CARD SRVCS Online Pmt
($30.00)

$79.47And then look what they did over the weekend.




01/31/2012
NSF FEE
PAID OVERDRAFT ITEM FEE
$36.00

-$705.47
NSF20120310447598

01/30/2012
OD FEE
NSF OD FEE
$108.00

-$669.47
ODF00000000000003

01/30/2012
NSF FEE
RETURNED ITEM FEE
$36.00

-$561.47
NSF20120300182598

01/30/2012
CARD
MCDONALD S F661 5814
$26.75

-$525.47
CRD00030018614212

01/30/2012
CARD
SHELL OIL 57543 5542
$40.01

-$498.72
CRD00030018614210

01/30/2012
CARD
IHOP #36-89 5812
$75.29

-$458.71
CRD00030018614214

01/30/2012
CARD
OUTBACK 1087 5812
$115.87

-$383.42
CRD00030018614208

01/30/2012
CREDIT
CREDIT-RETURNED CK#27009870299

$475.00
-$267.55
XXX00007009870299

01/27/2012
OD FEE
NSF OD FEE
$144.00

-$742.55
ODF00000000000004

01/27/2012
DEBIT
HSBC CARD SRVCS Online Pmt
$30.00

-$598.55
ACH00027009962999

01/27/2012
DEBIT
CAPITAL ONE ONLINE PMT
$30.00

-$568.55
ACH00026003550886

01/27/2012
DEBIT
MyCashNow.com In Loan
$135.93

-$538.55
ACH00027010009917

01/27/2012
DEBIT
FLORIDA HOMESTEA E. G
$475.00

-$402.62
ACH00027009870299 







 

This report was posted on Ripoff Report on 02/01/2012 07:56 AM and is a permanent record located here: http://www.ripoffreport.com/r/Regions-Bank/punta-gorda-Florida-33950/Regions-Bank-Hold-pending-items-for-NSF-excess-charges-punta-gorda-Florida-832233. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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REBUTTALS & REPLIES:
0Author 2Consumer 0Employee/Owner
Updates & Rebuttals

#1 Consumer Comment

Okay

AUTHOR: Robert - (U.S.A.)

You don't seem quite comprehend the concept of "PENDING".  Pending means you have SPENT the money and it is treated as no longer available.  The same thing goes for when you write a check.  The second you write the check you have to treat that money as gone.  It appears you were trying to "float" funds and have found out that there is really no "float" anymore.

My guess is that you do not use a Written Register and instead rely on On-Line/ATM/Phone banking to tell you how much you have.  The problem with that is that the bank does not know what you have spent until they receive it.  So if you write checks, or use your Debit Card the bank won't know you spent the money until they receive it from the merchant.  This is why you need to use a Written Register.  Because as soon as you write the check or use your Debit Card you can write it down and know your current available balance.  If you don't know how to use a register then go into your bank and they will be happy to show you.

One other thing, a little over a year ago the regulations changed and the banks were required to have you "opt-in" to Overdraft Protection on your Debit Card.   So I would suggest you immediately go to your bank and make sure you Opt-out.  Once you opt-out if you do not have enough money currently available when you attempt to use your debit card at a Point of Sale or ATM it will be declined.  Now, this does not apply to ACH or Checks as the bank still has the option to pay the check or return it unpaid..but in both cases they will charge you a fee.  Which is why a written register is very important.

Oh and while I really don't want to get into what you are spending your money on.  In just the sample you provided you have over $200 in Restaurants in a couple of days.  Now that is not bad in itself if you can afford it.  But it also appears that you are paying only minimum payments on your credit cards and have a Payday loan.  So perhaps in addition to start using a register, you may want to think about working on a budget.
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#2 Consumer Comment

balance your checkbook

AUTHOR: Ashley - (U.S.A.)

It looks like you need to learn to balance your checkbook.

Let's pick this apart:

" 1/27/2012 PU OUTBACK #1087 ($95.87) "

You quote this as the price you spent at outback. Clearly this is without your tip, which is always added later at a resturant.

" 01/30/2012 CARD OUTBACK 1087 5812 $115.87 "

So there's a 20$ discrepency, you forgot that you tipped. The same thing happened at IHOP:

" IHOP 36 089 ($65.29)"
"IHOP #36-89 5812 $75.29"

So I just found $30 that you forgot you spent. There's also an entry for Shell Gas for $40.01 over the weekend, did you remember getting gas too? I'm already up to $70.01 of the $79.47 you claimed to have left. Now did you notice that you had some bill autoparys come through? HSBC for $30 and a Mycashloan.com for $135.93

By my napkin math you are $156.47 in the hole before overdraft and insufficient funds fees hit you. Now you just show the transactions you made on 1/27. What transactions were made on 1/28 and 1/29? You do realize that banks do not process transactions on saturdays or sundays correct? So any transactions you make on Friday, Saturday, and Sunday will all process on monday. Banks also do not process them in the order they come in, they process them from largest to smallest transaction per your contract with them. They do this under the assumption that you want the large transactions to clear first over the small ones.

I don't see anything in this report about where the bank is screwing you, i just see where you cannot balance your checkbook. Never go by an online bank register for your balance, it doesnt always show pending transactions, Always use a paper register and balance your checkbook so that you know your balance.
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