Been there, done that-write a check on Wednesday,Then a check on Thursday for purchase plus cash,then the cash to bank deposit to cover the checkwritten on Wed. And get paycheck to bank during lunch hour Friday to cover Thursdays check.The bank I have now does not issue overdraft the minute a check comes in – you have until the end of the day to cover it.One time recently I wrote a check for $25 and for some reason it went through three time – and with a balance of $75.01 came within 2c of an overdraft!
The worst experience was about 25 years ago, had a 16c overdraft for three days and billed $15.(I don’t deal with that bank anymore.)Can someone calculate the APR on that "loan’?
Once I had a customer write me a bad check for $2500.00…I called the bank and asked if a $2250 check would clear. It would, so I went to the bank, deposited $250 to their account, and cashed the $2500 one.They called me later to let me know that they would never do business with me again. I’d caused about 20 other checks to bounce on them…
tuslog64 almost 9 years ago
Been there, done that-write a check on Wednesday,Then a check on Thursday for purchase plus cash,then the cash to bank deposit to cover the checkwritten on Wed. And get paycheck to bank during lunch hour Friday to cover Thursdays check.The bank I have now does not issue overdraft the minute a check comes in – you have until the end of the day to cover it.One time recently I wrote a check for $25 and for some reason it went through three time – and with a balance of $75.01 came within 2c of an overdraft!
The worst experience was about 25 years ago, had a 16c overdraft for three days and billed $15.(I don’t deal with that bank anymore.)Can someone calculate the APR on that "loan’?
brklnbern almost 9 years ago
Thought it was going to be Nancy’s report card.
AdrienneMalone almost 9 years ago
Once I had a customer write me a bad check for $2500.00…I called the bank and asked if a $2250 check would clear. It would, so I went to the bank, deposited $250 to their account, and cashed the $2500 one.They called me later to let me know that they would never do business with me again. I’d caused about 20 other checks to bounce on them…