I have an itemized checking statement with NO NEGATIVE FIGURES. Yet my so-called available deposit wasn't really available as promised, causing some type of overdraft and subsequent fees.
This is the result of the new "Check 21", where withdraws come in before electronic deposits. (This is done on purpose to create more overdraft fees for the banks.)
In essence, the credit card deposit I batched out 48 hours before wasn't really available, as claimed by Comerica. And when trying to go back to print the previous days account info, the transactions in "holding" will no longer show. How convenient!
My wife and I have recently started using a credit union. The problem is it's too costly for me to switch my business account to this CU. I can take Comerica to Small Claims Court. The itemized statement speaks for itself and clearly shows that Comerica is pulling a fast one. But I've been told Comerica can cancel my business account if I try litigation.
Keep enough in the account so this won't happen? There was! This is nothing more than cooking the books from yesterday to today to CREATE/FABRICATE an overdraft situation. And I'm tired of it.
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