All banks engage in a practice to maximize their NSF charges, typically around $25-30 a pop.
Example 1: You have $1,150 in your account, you wrote 6 checks - $600, $500, $30, $20, $10, $10.
They will cover all the checks, but they will charge you 6X$30=$180, even though only the $20 check is over your limit.
Example 2: Now you are $20 $180 (charges)=$200 overdrawn
Even if you manage to get one charge dropped, you have one deposit for $1,150 and $900, $50, $20, $10 and $10 checks, you will be charged for 6 bounced checks again, as they will calculate your new balance as: $1150-$200 $30=$980, then minus $990 in new checks and minus $180 in new charges = -$190.
In 2 weeks/pay periods they will have stolen $360 from your account with them, instead of (at most) $60.
This racket has been going on since forever.
When you complain, the employees are trained to say that "it's the computers that are calculating the charges, and no, we can't refund them"...
This should be subjected to a class action against all banks involved. Where is the Controller of the Banks?
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