Do you know how sometimes there is a $1.00 authorization that is requested when something is charged to a debit card? Well, BB&T actually charges overdraft fees on the $1.00 authorization charge and a separate overdraft fee on the remainder of the charge itself. On their website they say that "only the actual amount of the purchase will post to your account", but what is happening is that they are charging overdraft fees on the pending transactions, including that $1.00.
Here is another example: After a $36 online debit charge, which within five minutes was turned around and credited back to the account, BB&T charged me $70 in overdraft fees. They charged $35 for the $1.00 authorization and then another $35 for the actual $35 charge itself. So the transaction was an immediate credit, but it cost me $70 in overdraft fees.
Maybe in their disclosure statements they have drawn up their own rules and regulations. I do not know. I am not a lawyer. But I do know this: there is such a thing as moral principles that businesses should adhere to, especially when they are actually using your money to run a business.
It is obvious that they are going under and are desperate and are generating overdraft fees from their customers.
0 comments