How does Bank of America decide to pay or return a check presented on insufficient funds?
Posted January 18th, 2010 by admin No Comments »
Stephen S asked:
I bank with Bank of Ameirca. In the past I have had checks posted with insufficient funds in the account. They usually pay the amount and overdraw my account as well as tack on the $35 fee. I have also in the past had them return the check charging me the $35 fee and then having to pay the store a returned check fee as well. How do they decide what to pay and what to return?
I bank with Bank of Ameirca. In the past I have had checks posted with insufficient funds in the account. They usually pay the amount and overdraw my account as well as tack on the $35 fee. I have also in the past had them return the check charging me the $35 fee and then having to pay the store a returned check fee as well. How do they decide what to pay and what to return?