Wachovia
$1.57 Overdraft Turned Into $140 in Fees Because of Holds

Someone please tell me how a bank can charge a 35.00 NSF fee when you have money in your account.

Ok, here goes I had 131.42 in my account, well when the week was over I had spent 132.99, which is 1.57 over what I had - I agree I should be charged the 35.00 fee for the 1.57 that I went over but then I incurred 105.00 in overdraft fees for stuff that was on HOLD!!! But that my account was able to cover, EXCEPT 1.57.

A run down of my ONLINE (which is not what that banker sees) statement...
131.45
-8.51

122.91
-50.00

72.91
-5.84

67.07
-3.84

63.23
-2.38

60.85 (here is where it gets confusing - they said I did not have enough money to cover 62.42- in which I was short 1.57)

60.85
-35.00 NSF Fee

25.85
-22.39

3.46
-17.70

Neg 14.24
-11.94

Neg 26.18
-10.39

Neg 36.57
-105.00 NSF Fees (three of them)

Neg 141.57

Now if you will calculate the three NSF fees and you will come up with 140.00. I am overdrawn in my account 141.57- so actually I am overdrawn 1.57 and should only pay 36.57- but because this was on HOLD and that was on HOLD - I have to pay 105.00 more than I should...

I could understand if I spent anything over 1.57, which I am willing to pay 35.00 for but 105.00 more because of holds? Come on people - from when those items when on hold who paid them when they came off of HOLD - the branch manager said well it came out of your account - I ask how if I did not have the money in there - who paid it he said you did? Then why am I being charged? Because of your holds he told me...

I am not stupid - and a simple math miscalculation I am willing to pay for does not warrant 105.00 in more over draft fees, does it? My money was in there and covered everything but 1.57...

Come on...

Company: Wachovia
Country: USA
State: Alabama
City: Enterprise
Site: wachovia.com

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