Withdrawal first to maximize fees

Despite the mostly unsympathetic comments, this thread clearly highlights the shenanigans that Chase plays with your withdrawal and deposit order to maximize overdraft revenue. In short, customer deposits money in a nearly empty account, and then makes a withdrawal of some part of the deposit. Chase processes the withdrawal first, which drags the account negative, and assesses overdraft fees.

No Comments

No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a comment



WordPress Themes