ED Magedson – Founder
Walmart702 SW 8th St, Bentonville, Arkansas 72716 702 SW 8th St, Bentonville, Arkansas USA
Walmart Charging late fees on wire transfers on Due Date 702 SW 8th St, Bentonville Arkansas
I was charge a late fee by WALMART when my online direct payment from my Bank to them was recieved on the Due Date was posted late.
20 years ago before the advent of paying "online" we all sent paper checks to pay our bills. A slow process for companies and their Billing departments. Checks had to be entered by hand, and the accounts had to be verified sending the checks back to thier respective banks to clear. Postal delays and slow entering of data meant almost all payments were late. Walmart collected alot of late fees this way.
We live in a time now where you can send money from your bank to walmarts bank via a wire transfer of funds that take what? Seconds!? Why then when you send a payment via your bank to walmarts bank account and your banks posts it arriving on the Due Date...why is there a Late fee being charged? With todays computers (they can calculate billions of calculations per nano second) it should register the same day as recieved. Walmart still with all their Billions cannot register your payment. They wait a Day! They now will charge you a Late Fee.
This is all done electronically. Remember there is no waiting for Checks to clear. No waiting for a slow data entry clerks. This is a Direct Bill Payment to a Company done online by my bank and it was posted on the Due Date. How much money is Walmart adding to thier Coffers with this bogus and deceptive practice?
This report was posted on Ripoff Report on 11/25/2013 07:56 PM and is a permanent record located here: http://www.ripoffreport.com/r/Walmart/702-SW-8th-St-Bentonville-Arkansas-72716/Walmart-Charging-late-fees-on-wire-transfers-on-Due-Date-702-SW-8th-St-Bentonville-Arkan-1102194. 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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