JP Morgan Chase Bank
Debits Backed Out and Reapplied Causing Repeated NSF Fees

It's simply amazing that Chase will back out debits that have already posted to your account days prior and reapply the debits at a future date causing unnecessary NSF fees.

They also post at will the highest debits first not necessarily the debits that come in first to your account which often creates a scenario for multiple NSF fees.

I check my balance prior to using my Chase debit card, I review the debits posted and the debits pending. Use my card and I'll be darned Chase consistently reverses debits that had already posted and reapplies them causing NSF situations.

It's certainly not my goal to knowingly create an NSF situation because I can think of much better ways to spend my money but how can one avoid it when they rely 100% on the bank for correct balances and to promptly post debits & credits.

I've not had personal checks in over 5 years and in this day and age where they have the ability in real time to either approve or deny a potential charge how can they be this slow in posting to your account? What gives them the right to back out and reapply charges or post the largest amount first irregardless of when the bank received the charges?

I'd love to see a class action lawsuit on this one.

Company: JP Morgan Chase Bank
Country: USA
Site: chase.com

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