Uh oh, had insufficient funds in my checking account... need help!

[Dragnov]

So I just got charged for an online order, that was supposed to occur more than 2 months ago. I purchased it on February 3, but for some reason or another the actual credit transaction didn't happen until now. (While recieving the product a long time ago.)

Well unfortunately, I had totally forgotten about it and well I didn't have enough funds in my checking account (paid through check card). So now I have a negative balance and got hit w/ a $14 fee.

I also have several other transactions that have yet to process now that are going to deduct from my checking out...

My questions...

Are those upcoming transactions going to still go through? How much of a negative balance will BofA willing to go through?

Is there anything the consumer can do about such a late transaction? (I'm guessing not, but might was well see if I have any options.)

I plan on talking to the bank to see if they can forego the fee, but should I go to my primary one or can I go to any branch? I have the best checking account plan available, and have been a member since 1993. Parents also have a mortage through them. I plan on depositing some cash immediately of course to wipe that negative balance clean.

Oh yeah this is definitely the first time ever in 11 years this has ever happened. I just totally forgot about that transacation which was supposed to happend months ago. =\

 

[fredtam]

Depends on if you have overdraft protection. Actually most of the time transactions that are pending will go through. If your bank is nice and you ask them they will probably remove the fees.

 

[blurredvision]

With any bank I've ever been with, I usually get a $100-$500 overdraw limit. Meaning, as long as I have a positive available balance, I can charge something with my debit card and only get hit with a fee, not a bounced charge.

Example: I have $5.00 in my account. I somehow forget, and order $70.00 of stuff from Newegg. Instead of declining, it makes my available balance -$65, and also charges the overdraw fee. Now if I somehow haven't learned my lesson, and some previous purchases decide to go through with my -$65 account balance, those will be declined.

Don't know if that will help you or not, but like most here will tell you, it pays to keep up with stuff, even it's been charged or not. Good luck

 

[jcovercash]

It shouldn't have matter if the amount came out when you ordered or two weeks later, you should have still acounted for it. I wrote a check to someone on AT and he didnt cash it for a year and a half later. I always had that amount deducted from my checking account.

As far as contacting the bank, I would call up my main branch (the one you bank through mainly) and explain to them what happened, If this is your first time normally they are forgiving on the fee, although the place that tried to get the unavailible funds will still charge you most likely, as so with the other places thats transactions may go through.


Josh

 

[datalink7]

Yes, they will all be processed and you will get hit with a $14 fee for each and every one of them (consider yourself lucky... my fee is $25).

I once got charged $25 for a $.23 overdraw (some company undercharged me by 23 cents, and realized it a couple of days later and send the charge through)

If your bank feels nice, and you kiss some a$$, sometimes they will forgive some of the charges if you go in and pay the balance right away.

 

[Nocturnal]

I work at a bank and the only thing you can TRY and do is to call their customer service department and speak about getting the NSF fees waived. 9/10 times they're going to say no. You just have to manage your check book more wisely.

 

[jcovercash]

Originally posted by: datalink7
Yes, they will all be processed and you will get hit with a $14 fee for each and every one of them (consider yourself lucky... my fee is $25).

I once got charged $25 for a $.23 overdraw (some company undercharged me by 23 cents, and realized it a couple of days later and send the charge through)

If your bank feels nice, and you kiss some a$$, sometimes they will forgive some of the charges if you go in and pay the balance right away.

Wow it would suck to have your checking account so tight balanced that a .23 charge would cause you to go into the negative. I could understand $10-$20 but comeone .23


Josh

 

[aswedc]

Originally posted by: Nocturnal
I work at a bank and the only thing you can TRY and do is to call their customer service department and speak about getting the NSF fees waived. 9/10 times they're going to say no. You just have to manage your check book more wisely.

Remind me never to open an account with your bank. I've gotten insufficient fund fees refunded by both Citizens Bank and PNC Bank, at the local branches, with no hassle at all. Just ask for the manager and you should be set.

 

[Dragnov]

Yeah I know this is my fault. It just happened so long ago that I totally forgot about it. Not two weeks ago, but over 2 months ago.

When you I'm going to get charged for each of them does that mean I'm going to get chrage that $14 fee for each subsequent transaction that takes place? Or $14 overall? Sh1t, I would've gone to the bank today but it's closed Sunday. Got to go tomorrow afternoon. Hopefully the transactions don't occur by then... :disgust:

 

[aswedc]

Originally posted by: Dragnov
Yeah I know this is my fault. It just happened so long ago that I totally forgot about it. Not two weeks ago, but over 2 months ago.



When you I'm going to get charged for each of them does that mean I'm going to get chrage that $14 fee for each subsequent transaction that takes place? Or $14 overall? Sh1t, I would've gone to the bank today but it's closed Sunday. Got to go tomorrow afternoon. Hopefully the transactions don't occur by then... :disgust:

They'll charge you $14 each (unless you get it forgiven of course)

 

[jcovercash]

Originally posted by: aswedc

Originally posted by: Dragnov
Yeah I know this is my fault. It just happened so long ago that I totally forgot about it. Not two weeks ago, but over 2 months ago.



When you I'm going to get charged for each of them does that mean I'm going to get chrage that $14 fee for each subsequent transaction that takes place? Or $14 overall? Sh1t, I would've gone to the bank today but it's closed Sunday. Got to go tomorrow afternoon. Hopefully the transactions don't occur by then... :disgust:

They'll charge you $14 each (unless you get it forgiven of course)

Yep the bank will charge you for each one. so look at it like this.


If that one transaction and 2 others bounce then you are looking at

3 x 14 = 42
3 x 20 = 60 (Most places charge between $15-$25 for them getting a returned charge/check)
-------------
Total $100+ for that one transaction. So if you bought somethine from say hotdeals saving $5 it actually cost you $95+ more



BTW sorry for your incident, it can happen to anyone, at least you can admit to it being your fault. Although you didnt state the amount, the above poster who had this happen because of a .23 charge needs to manage his checkbook/balance better.

 

[datalink7]

Originally posted by: AMDman12GHz

Originally posted by: datalink7
Yes, they will all be processed and you will get hit with a $14 fee for each and every one of them (consider yourself lucky... my fee is $25).

I once got charged $25 for a $.23 overdraw (some company undercharged me by 23 cents, and realized it a couple of days later and send the charge through)

If your bank feels nice, and you kiss some a$$, sometimes they will forgive some of the charges if you go in and pay the balance right away.

Wow it would suck to have your checking account so tight balanced that a .23 charge would cause you to go into the negative. I could understand $10-$20 but comeone .23


Josh

I actually wasn't entirely clear. I was already in the negative with another charge, and then a $.23 came in before I got to the bank to get in the positive resulting in another $25 fee.

 

[jcovercash]

Originally posted by: datalink7

Originally posted by: AMDman12GHz

Originally posted by: datalink7
Yes, they will all be processed and you will get hit with a $14 fee for each and every one of them (consider yourself lucky... my fee is $25).

I once got charged $25 for a $.23 overdraw (some company undercharged me by 23 cents, and realized it a couple of days later and send the charge through)

If your bank feels nice, and you kiss some a$$, sometimes they will forgive some of the charges if you go in and pay the balance right away.

Wow it would suck to have your checking account so tight balanced that a .23 charge would cause you to go into the negative. I could understand $10-$20 but comeone .23


Josh

I actually wasn't entirely clear. I was already in the negative with another charge, and then a $.23 came in before I got to the bank to get in the positive resulting in another $25 fee.

Ohh ok . I know mistakes happen, ive made them myself, only once though and the bank let it slip , but over .23 I was gonna say

Sorry
Josh

 

[The Stigenator]

here is a tip.. if the bank gets more than 1 transaction at the same time. they will process the biggest knowing that they will make money on your overdraft...

fscking banks..

I dontk now what you can do.. but for a company to charge after 2 months.. that's not right..

 

[Turin39789]

yea, in my experience the bank will run through any and all transactions after you go in the red, and send you a letter about it a week later after tons of fees have gone up.

I once had my mother listed as a secondary account holder on my account when I was away at college. Mainly so she could make deposits for me if paychecks showed up at my home address. She lost her debit card, and when she got a replacement they messed up and listed my account as the primary account for her debit card. I was unemployed at the time, had about 4 dollars in the account and therefore wasnt using my debit card at all or checking my balance online. I finally got a letter from USbank a week and a half or more later and when I checked my balance, my account was several thousand dollars in the hole. Drove immediately to the nearest branch, where I was informed that I would have to take the matter up with my home branch. Fsck! I skip classes, drive the 60 miles to my hometown to straighten this out.

I had to argue with the frikken manager to get the money refunded. It was their mistake, they were the ones who did not notify anyone in a timely fashion but she still did not want to refund the money! She began to admonish me, telling me that I should have caught this sooner and should have been paying more attention to my account. Bull$hit. After some polite conversation, followed by arguing then raised voices, We got the entire situation straightened out and cleared up. Still took them a few days to process it all and put my account in working order.

Fsck some banks. The same bank screwed me over again later, found a much more understanding manager at another branch who reversed the charges, I left shortly after and later discovered that the manager at my original branch had reported my account to cheksystems even though the other branch refunded my money. I still have trouble getting an account.


Cliff Notes: They will take as much money as they can get. Get the account as far above zero as you can, because the nsf fees might drag you back down.

 

[NYSTrooper]

BofA sucks, they will charge you fees for every overdraft. You can ask them to transfer your overdraft to loan so you can deposit and build a positive balance. Call them first thing, they may wave some fees if you call them in advance of the problem.