BBVA COMPASS BANK Compass Bank NSF FEES Internet

Robert,

I worked in a bank for over 10 years and yes that was back in the 80's but things haven't changed that much and I do know how to read the MICR coding that appears on the checks.

With that being said the check was not presented for payment until 8/2/2010 per the MICR coding on the check and there is no other coding on the check whatsoever.

I just got off the phone with a customer service rep from Compass and she stated NOW that they process debits before credits when I have it in writing from 2 different CSR's that they process credits before debits. So what kind of a bank are they running if their CSR's can't even get their information correct?

Okay first if you have proof that the company physically received the check on the 2nd, and Compass posted it on the 1st then yes you may have a very good case and I am sure more than a few lawyers will want to talk to you.

However, IF the company received the check on the 1st but it was after their cut-off time they may have still processed it but marked it as being received on the 2nd.  If they did this they may actually be the ones with a problem.  Now, since it was actually processed on the 1st they could still submit it in the nightly batch.  This occurs overnight(generally around midnight), and if that happens all banks treat that as the previous business day.

There is not a lot of detail as to exactly what happened.  The best thing you can do to see exactly what happened is to get a copy of your check.  Hopefully this will have some date information that will show the bank information when the company presented the check and when they received it.