Wachovia NSF Charges Austin Texas

Something isn't adding up.

First you claim that Wachovia selectively held and released transactions. Then you say that there were no pending transactions when you were charged $420 in fees. There must have been transactions being processed in order to activae those fees.

So...what happened exactly?

Banks process debit card transactions as they are approved by the merchant from whom you purchased goods from. The problem however is that the approvals for debits can often come in big chunks at the same time. Unless you keep a WRITTEN register of your debit transactions (yes, it's required), you're going to get sacked by NSF fees because you really don't know where you stand in your account - and checking online will only mislead you. If they bundled transactions in the way you suggest, it would mean merchants wouldn't be getting their money timely, and no merchant would ever accept debit cards if that were the case.

Your solution would be to stop using your debit card or start writing down every transaction in a register when you use your debit card. When you use a debit card in the manner you are using it, the debit card stops becoming free. Obtain a regular credit card and pay the entire balance each month.

Best of luck to you.

Banks process debit card transactions as they are approved by the merchant from whom you purchased goods from. The problem however is that the approvals for debits can often come in big chunks at the same time. Unless you keep a WRITTEN register of your debit transactions (yes, it's required), you're going to get sacked by NSF fees because you really don't know where you stand in your account - and checking online will only mislead you. If they bundled transactions in the way you suggest, it would mean merchants wouldn't be getting their money timely, and no merchant would ever accept debit cards if that were the case.

Your solution would be to stop using your debit card or start writing down every transaction in a register when you use your debit card. When you use a debit card in the manner you are using it, the debit card stops becoming free. Obtain a regular credit card and pay the entire balance each month.

Best of luck to you.

Banks process debit card transactions as they are approved by the merchant from whom you purchased goods from. The problem however is that the approvals for debits can often come in big chunks at the same time. Unless you keep a WRITTEN register of your debit transactions (yes, it's required), you're going to get sacked by NSF fees because you really don't know where you stand in your account - and checking online will only mislead you. If they bundled transactions in the way you suggest, it would mean merchants wouldn't be getting their money timely, and no merchant would ever accept debit cards if that were the case.

Your solution would be to stop using your debit card or start writing down every transaction in a register when you use your debit card. When you use a debit card in the manner you are using it, the debit card stops becoming free. Obtain a regular credit card and pay the entire balance each month.

Best of luck to you.