I have two accounts with TD Bank. One of my accounts had an overdraft balance due to a gas purchase. They have a feature which will pay for items purchased electronically in the event that I have insufficient funds in my account. This is one of the ways for them to pay the bill 'as a courtesy' then stick you with an overdraft fee, courteously!
I opted out of this feature because if you are not checking your account constantly, you have no way of knowing if you have already reached your limit. They count on this happening.Appparently this doesn't apply to electronic transfers or automatic withdrawls because one day, I forgot to transfer funds into the account where automatic withdrawls are set up for my creditors. The withdrawl request came in from two creditors and for each, I was charged a $35 overdraft fee. I was charged a 3rd for transfering $8 dollars to my other account, when I had funds in it. Since the process requests form highest to lowest, the even the time I had funds, didn't count because the request for the highest amount was placed first. Therefore, I was charged $135 dollars, the creditors were not paid, but I was still levied the fee. I made a deposit of $150 into the account to cover what the original overdraft for $47 dollars, but they took my money in to cover fees and I was still left with a negative balance.Two managers refuse to return my money. Basically they took my money because there was an attempt to make a withdrawl. This is downright burglary.