Banks process largest debit amounts first, during a day's transactions, to maximize NSF fees on small amounts. If their computers can be programmed to process the largest amounts first, they can process the smallest first. If you have $500 in your account, and a $501, $50, and $5 checks come in to the bank, they process the $501 first. This causes all 3 checks to bounce and incur NSF fees. If they process the $5, and $50 first, then only the $501 check does not clear. Banks say they do this "for the customer's benefit" so that the "most important" checks are processed first. Who are they kidding? Each NSF fee could be $35 of income for the Bank. They do it only for their benefit.
We should file a class action suit, and lobby Congress to change the banking laws so that banks are required to processed the smallest amounts first. Then the maximum number of checks will go through, and streamline the economy.
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