Quote:
Originally Posted by baddog
 means you are kidding, right? |
I think so. Banks make money on fees.
Tdbank used to organize transactions per day by amount. Example, mortgage payment came out and they would put that first transaction of the day. If that bounced your account they would then out every other transaction after regardless of time.
So it goes like this.
$1500 in account. $1550 was mortgage, then 6 other transactions made with debit card same day. Organization of funds this:
-$50 ($35 fee). 6 other transactions totalling $60 ($210 in fees). Customer just paid tdbank $245 that day.