US Bank
$150 in Overdraft Fees on Authorized Holds, Only $90 Refunded
- 06-25-2005
- 30
US Bank charged me $150 for charges that were authorized but not posted to my account. As you know, authorizations are holds on your account until they are verified and posted. My account balance was always positive, but my available funds were negative.
They charged me $30 in overdraft fees per transaction that posted to my account, even though my account balance was never overdrawn.
How can they charge an overdraft fee if your "account balance" is never overdrawn? US Bank refunded $90, but that is still a ripoff. Overdraft fees should be for overdrawn "account balances"! If there is a class action lawsuit, please count me in!
Company: US Bank
Country: USA
State: Illinois
City: Springfield
Phone: 8008722657