M&T Bank
Changes the way they clear funds to their advantage

Business & Finance

My Gf overdrafted on my account by 2 dollars on a pay at the pump gas transaction. Needless to say M&T rerouted all the transactions so that ones that were to be paid not paid and paid the Gas transaction so rather than getting 1 overdraft fee for 37.00 I got 3,

If your transactions are already paid how can they flip them around to their financial advantage? I of course asked and they said OH well you see we pay funds on a first come first serve basis. It takes 3 days for a pay at the pump transaction to go through they just hold a dollar to make sure your account is legit. (I called the company in which she did this transaction) However M&T insists that transactions that were 2 days older where not paid before the gas transaction.

In lamen terms they said thanks for the screw up we got 111.00 dollars out of you


Company: M&T Bank
Country: USA
State: Pennsylvania
City: Pottsville
Address: Market St
  <     >  

RELATED COMPLAINTS

Bank Of America
Overdraft Fees for Cleared Items While Largest Stays Pending

BB&T
Nearly $250 Overdraft Fees on Already Held Pending Transactions

Pnc Bank
Charges overdrafts on pending transactions

Speedway
Debit Card transaction at the pump ripoff

Bank Of America
Five Overdraft Fees After Transactions Ranked Highest to Lowest

First Convenience Bank
First National Bank Texas Charge OD Fees based on available balance instead of current balance resulting in fees charged to spend my money

Wachovia Bank
About $1,000 in Overdraft Fees From Pending Debit Card Purchases

Pnc National Bank
Pnc bank rip off overdraft fees on checking account

Commerce Bank
Overdraft charges calculated in the computer system Springfiedl