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 Overdraft Protection & Overdraft ServicesWells Fargo 2019-2025

Dcu Savings Account 2019-2025 Form

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I'm David Lazarus a federal judge has ordered Wells Fargo Bank to pay more than $200 million to customers who sued because of the way that the bank handles the processing of debit cards and checks and ATM withdrawals in other words money that comes out of your checking account consumer Advocates say the way to do these things is chronologically in other words in the order that the the transaction is made that way the consumer knows when he or she is getting near the end of available funds that's not how Wells Fargo does it they do it in what's called high to low processing in other words the biggest transaction comes first what does that mean it means that a large transaction can blow away an account that doesn't have a lot of money in it and push you into overdraft land very quickly which means all other subsequent transactions could be slapped with a $35 overdraft fee not so good in fact the judge says this is a pernicious and deceitful way of doing th

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