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Poohbah
Member Since Feb 2014
Location: New Mexico
Posts: 1,210
10 
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Nov 04, 2014 at 09:30 AM
#1
Last week I totally forgot about my car insurance coming out of my bank account. It put me in the negative by $50. I got a notification in the mail about the overdraft charge...but the charge still hasn't shown up, a week later. I went into the bank to ask them about it, and no one could tell me when it will be charged to my account. In fact, one of the bankers told me if it hadn't shown up by yesterday not to worry about it.
So of course, I'm worried about it coming out weeks down the line when I least expect it. Has this ever happened to anyone else? It's so weird! Sent from my iPhone using Tapatalk |
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Wandering soul
Member Since Apr 2010
Location: Off yonder
Posts: 6,019
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Nov 05, 2014 at 06:28 AM
#2
One bank I had had a policy of a one time forgiveness, then after that, the fee was taken out at the end of the statement period. SO it may not be until the end of the statement period that it comes out.
The other bank it was taken out within two weeks of the offense was their policy. They also may wait until there are funds in there to take it out, so the draft does not go further into the negative. Several possibilities to keep an eye out for. I am surprised though they could not tell you when it would be. Perhaps they may not take it out but I would count on that amount possibly being withdrawn at some point just in case. __________________  I can be changed by what happens to me. But I refuse to be reduced by it. -M.Angelou Life shrinks or expands in proportion to one's courage. -Anaïs Nin. It is very rare or almost impossible that an event can be negative from all points of view. -Dalai Lama XIV |
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Veteran Member
Member Since Sep 2011
Location: home
Posts: 595
12 1,836 hugs
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Nov 05, 2014 at 12:02 PM
#3
Quote:
payment. Then make sure you have enough in your account because at the end of your statement that $ 50 will be deducted.  Banks make big bucks on fees. Also they may charge a monthly fee if your account is below $100.00* H. __________________ Happiedasiy, Selfworth growing in my garden 
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Elder
Member Since Feb 2014
Location: Michigan
Posts: 5,481
10
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Nov 08, 2014 at 11:18 AM
#4
That has never happened to me. usually that $35 overdraft fee shows up right away. They make a fortune off of them. They can charge that for each purchase if you don't know you are overdrawn. Like an ATM charge for 5 bucks. Rather than denying the purchase. The government did crack down somewhat on these practices. I have found if you call and complain before it is posted they will often waive it. Once it is posted they tell you there is nothing they can do.
__________________ The "paradox" is only a conflict between reality and your feeling of what reality "ought to be." -- Richard Feynman Major Depressive Disorder Anxiety Disorder with some paranoid delusions thrown in for fun. Recovering Alcoholic and Addict Possibly on low end of bi polar spectrum...trying to decide. Male, 50 Fetzima 80mg Lamictal 100mg Remeron 30mg for sleep Klonopin .5mg twice a day, cutting this back |
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Poohbah
Member Since Feb 2014
Location: New Mexico
Posts: 1,210
10
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Nov 12, 2014 at 01:54 PM
#5
Quote:
It was kind of weird going to the bank and almost complaining that the fee hasn't shown up. And it still hasn't yet. It's bizarre! Sent from my iPhone using Tapatalk |
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Grand Magnate
Member Since Apr 2010
Location: Colorado
Posts: 3,794
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Nov 13, 2014 at 10:55 PM
#6
No I cannot say that has happened to me...However I use a credit union, for one all the services are free no hidden fees/charges and such, I do not really trust banks.
__________________ Winter is coming. |
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Grand Magnate
Member Since Jan 2014
Location: US
Posts: 4,889
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Nov 14, 2014 at 03:22 PM
#7
I think you may have gotten $50 worth of forgiveness. It's not that unusual for financial firms to 'forgive' these things the first time or if you complain.
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 gloamingone
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