Fifth Third Bank Overdraft Fee Abuse Fort Myers Florida

Why have I never had any problems with 5/3 bank?
I'm hardly rich, my debit card transactions post 4 days later,
my transactions are rearranged, and I have yet to incur an overdraft fee.

Maybe it's because I am using a check register!!!
You should get one too!!

First, you have to learn how to add and subtract,
and NOT spend money which you do not have.

How do you run a business like that??? Giving away your profit to the bank!!

Good luck to you!!

When you said that 5/3 puts the largest transactions through first, that's the way it should be. Larger debits are typically more important. If your account is short money and you have a bunch of stuff wanting to go through your account, which would you rather have considered first, your mortgage payment or the $10 check you wrote to the Girl Scouts for some cookies? Come on now, there's no conspiracy going on.

It all comes down to one fact. The order of debits is not relevant if you maintain a sufficient balance.

1. This is how debit cards work. The merchant does the initial transaction which only authorizes the amount. It is then the MERCHANT who may take another couple of days to send the actual amount of the purchase. Then depending on when it is sent it won't get posted until the end of the next banking day(which if this is a weekend may not be until 2-3 days later). The banks don't have a crystal ball, with the ability to all of the sudden know "If we hold this debit we know the person will overdraft". After all if they did have a crystal ball don't you think they would have used it to see their current situation.

2. If you have $500 AVAILABLE in your account and $400 in Debits/Checks what does it matter how they order the transactions.

3. Actually what guarantees them overdraft fees is the customer spending more than is available in their account. If the customer doesn't go into overdraft they don't get their fees.

One more thing you have to understand is available balance. This is because your deposit is not available immediatly in most cases. So that Deposit you made at 10:30am would not be available until the next day. It won't actually get posted to your account until that night after the debits for the day were taken out.

and now must pay the price.

and now must pay the price.

and now must pay the price.

and now must pay the price.