US Bank Overdraft or Thieft? San Dimas California

Here are two statements from your ROR. These are your own words.....

"The checks were held for the next days posting as usual. We are very much aware of the policy."

and

"OK, so why approve the VISA / ATM transaction in the first place? US Bank is making a lot of money from these kind of policies."

Basically, you just admitted that you're intentionally using your debit card for purchases before the checks clear. It's is your own fault you got stuck with some fees. What's the expression? "Don't do the crime if you don't want to do the time."

So you're saying your available balance never went below zero and you got overdraft fees? I find that difficult to believe. You went negative, admit it.

Well, one part of your story jumps out at me, and that is the part where you say you have over 100k in an account with the bank. Well, if you can amass that amount of funds, you should be able to qualify for an overdraft protection account to link to your checking. Either a line of credit or another checking or savings account can be used. with overdraft protection, you dont ever have to worry about what your available balance is or when your deposit will clear and all that stuff. at worst you will pay a few bucks for finance charges or transfer fees with the od protection account, versus hundreds of dollars in overdraft fees.

It matters if the available balance was negative. You need to find out from the bank what the available balance was when the overdraws occurred. Chances are, your deposits were not immediately available - as such, they would not have been credited to your account before the debits flowed through...

Also, there are few debit cards that get denied if the account goes negative; this is more for the benefit of the merchant than the bank. Let's understand: the bank is nothing more than an administrator of your account - so have them prove to you or at least show you where the available balance went negative. I'm sure you'll find that it did. Banks make very few errors like this because the whole process is all computerized...