Fifth Third Bank Over Charging for Overdrawn account Cincinnati Ohio

Simple Accounting:

Whenever items are processed highest to lowest, this means that the highest amount is deducted first, right?  Well, have we all forgotten that the *HIGHEST* amount is always going to be your deposits - right?  So even if you have a deposit that is only for $1, it is still given a greater priority than your $1500 mortgage payment!!!  After all, a positive is always higher than a negative!

We all want to complain about "highest to lowest" on here but I guarantee that the first time one of you sees that your deposit was not credited before any of your debits on a given day - you'd be crying for the HIGHER amount to be credited first in that case, wouldn't you?

Why does everyone who complain here think that putting thru the highest amount first is such a new thing that just popped up yesterday? This moved has been going on in the banking industry for years. My bank started doing that 15 years ago.This way is another way for them to make money.How do you think that a bank can stay in business unless they charge us all fees? Why don't you keep records of all transactions that you make and make sure that there is enough money in the account to cover ALL checks, not just the big ones. If there was enough money is the account nothing would have bounced and caused you all that grief. Using alittle common sense is the biggest fight against the banks.If the first check did not clear, how much was that check? That check had to be for more than $1800.00 for the rest to not clear.Why would you write a check for that large of amount if there was not enough money in the account to cover it? So that check alone put you in the negative, then came along the rest.Not the banks fault.

Seems funny that people complain about overdraft fees when if they just go by one simple rule they won't have any problems. That rule is don't write checks against money that isn't there. Never write checks and try to figure out if they will be deposited before you have the money available in the account.

If you have the money in the account and you don't have a hold on any of the funds then you don't have to worry about floating or kiting checks.

Because in the past they did it the opposite way but the banks then *rejected* the large item, such as car payments, mortgage, or rent. Causing even more grief! So the banks were allowed to set their own schedule, and they have.

I'm sure that down the road shortly they'll be forced to reverse. And then we'll hear nothing but "they bounced my car payment and it was repo'd but my direct deposit was going to hit the next day and they knew about it! But they refused the check anyway!" all the time.

the largest to smallest posting order is standard for every bank that I know of. It happens everyday, they didn't change it just for the day you overspent your account. The only thing atrocious is your belief that you can overdraft your account and only get the number of fees you believe is right. No rip off, please other reports here for detailed information.