really...this is my fault, but I'm still pissed at them.
I wrote a check about 1.5 years ago to the city (tax thing) that they never cashed. I use the BoA website to keep track of my banking. I use my card 99.999% of the time, rarely ever writing a check, so the site works great....except that I can't put uncashed checks into my ledger.
Well, you can all see where this is going...
I get payed on the first, and take care of all the bills right away. I check my bank account today to see which of my bills have been taken out of my account and see that I have $245 worth of overdraft charges. Turns out someone found the check I guess and cashed it around the 26th of Oct, so everytime I bought gas or went to the pharmacy, or the grocery store between the 27th and 1st was charged a overdraft fee. $35 a time...7 times total.
make the beast with two backsING CITY!!!!! making me write a damn check! no one takes checks anymore...but nooooo....you can't take cash [bang]
grrrrrrrrrrrrr!!!!!
i need beers, but i can't afford them anymore :'(
Have you tried calling the bank and reasoning with them? Have them look at the date on the check and maybe they'll reverse some of those for you.
Otherwise, I sympathize. I've been in that exact position before. I love it when people wait 6 months to cash a check and then don't clear it with you first to make sure funds are there. I always ask them if it's ok before I cash other people's checks, just out of a courtesy.
I though a check over a year old was no longer any good.
I could be wrong.
Quote from: ducpainter on November 05, 2008, 02:53:03 PM
I though a check over a year old was no longer any good.
I could be wrong.
no, its at the banks discretion.
Quote from: ducpainter on November 05, 2008, 02:53:03 PM
I though a check over a year old was no longer any good.
I could be wrong.
http://www.allbusiness.com/legal/laws/948715-1.html (http://www.allbusiness.com/legal/laws/948715-1.html)
QuoteAccording to the United States Uniform Commerical Code, a bank is not obliged to pay a check more than six months old. Here's the full text of the guideline:
A bank is under no obligation to a customer having a checking account to pay a check, other than a certified check, which is presented more than six months after its date, but it may charge its customer's account for a payment made thereafter in good faith.
I once had a credit card cash a check for $1000 more than I had put, and the bank just put it through without reading my check to verify. >:(
Quote from: derby on November 05, 2008, 02:56:08 PM
http://www.allbusiness.com/legal/laws/948715-1.html (http://www.allbusiness.com/legal/laws/948715-1.html)
damn you!!!!!!
[laugh]
Quote from: derby on November 05, 2008, 02:56:08 PM
http://www.allbusiness.com/legal/laws/948715-1.html (http://www.allbusiness.com/legal/laws/948715-1.html)
Wrong again dear...WRONG AGAIN ;D
This is precisely why you should keep an account register, and balance it monthly, instead of relying on what the ATM machine tells you.
Someone could cash a 10 year old check from me and I wouldn't care...as far as I'm concerned the money was removed from my account when I wrote it.
The overdraft fees suck though. I'd call the bank and talk with them...they may help.
Quote from: Le Pirate on November 05, 2008, 02:42:27 PM
really...this is my fault, but I'm still pissed at them.
I wrote a check about 1.5 years ago to the city (tax thing) that they never cashed. I use the BoA website to keep track of my banking. I use my card 99.999% of the time, rarely ever writing a check, so the site works great....except that I can't put uncashed checks into my ledger.
Well, you can all see where this is going...
I get payed on the first, and take care of all the bills right away. I check my bank account today to see which of my bills have been taken out of my account and see that I have $245 worth of overdraft charges. Turns out someone found the check I guess and cashed it around the 26th of Oct, so everytime I bought gas or went to the pharmacy, or the grocery store between the 27th and 1st was charged a overdraft fee. $35 a time...7 times total.
make the beast with two backsING CITY!!!!! making me write a damn check! no one takes checks anymore...but nooooo....you can't take cash [bang]
grrrrrrrrrrrrr!!!!!
i need beers, but i can't afford them anymore :'(
Something similar happened to me @ BoA. I went to the branch to close the account. They erased all, but one of the fees. Worked for me. Good luck!!
Quote from: desmopr on November 05, 2008, 03:16:07 PM
Something similar happened to me @ BoA. I went to the branch to close the account. They erased all, but one of the fees. Worked for me. Good luck!!
Usually an effective tactic.
Definitely call them and work something out rather than pay the full charges. I guarantee they'll reverse most, if not all of them under the circumstances. It's not like they have a person deciding to screw you, it's all because their computer system flagged it. A bank manager will reverse all that in a heartbeat since they have no interest in losing depositors these days.
Ugh
If they start doing this to my clients after the merge, I'm finished
the key is to show up IN PERSON. I tried reasoning on the phone before but when i showed up at the bank(wamu) to close my account, they erased two of my overdraft charges and some stupid 30 dollar fee from when i ordered new checks.
to avoid problems like this, have your checks printed and get "VALID FOR 90 DAYS FROM DATE ISSUED" printed above the signature line.
i had the same problem as the OP about 6 years ago. helpful lady at the bank said i could get it printed and i did.
turns out the bank is happy to reverse the check when they see you've put that on your check. it's a payable note but all notes have implicit and explicit rules.
90 days is the minimum i think a bank will go along with. you have to put a reasonable amount of time for the recipient to cash plus some. i asked if i could put 7 days and she just snorted at me....
i've had to use it 3-4 times. amazing how it seems stuff gets cashed faster now...
Quote from: ducatizzzz on November 06, 2008, 04:28:06 AM
to avoid problems like this, have your checks printed and get "VALID FOR 90 DAYS FROM DATE ISSUED" printed above the signature line.
i had the same problem as the OP about 6 years ago. helpful lady at the bank said i could get it printed and i did.
turns out the bank is happy to reverse the check when they see you've put that on your check. it's a payable note but all notes have implicit and explicit rules.
90 days is the minimum i think a bank will go along with. you have to put a reasonable amount of time for the recipient to cash plus some. i asked if i could put 7 days and she just snorted at me....
i've had to use it 3-4 times. amazing how it seems stuff gets cashed faster now...
I might have to do this. I would rather just not write checks at all, but I guess the world isn't quite to that point yet.
I'm going to go up there today and see if they'll reverse some of the charges.
Like I said, it was my fault...but $245 in charges is a little nuts
Quote from: ducatizzzz on November 06, 2008, 04:28:06 AM
to avoid problems like this, have your checks printed and get "VALID FOR 90 DAYS FROM DATE ISSUED" printed above the signature line.
i had the same problem as the OP about 6 years ago. helpful lady at the bank said i could get it printed and i did.
turns out the bank is happy to reverse the check when they see you've put that on your check. it's a payable note but all notes have implicit and explicit rules.
90 days is the minimum i think a bank will go along with. you have to put a reasonable amount of time for the recipient to cash plus some. i asked if i could put 7 days and she just snorted at me....
i've had to use it 3-4 times. amazing how it seems stuff gets cashed faster now...
Be aware though that this WILL NOT INVALIDATE YOUR DEBT.
It just means that you will have to issue a new check, or pay in another way.
Quote from: TiAvenger on November 06, 2008, 07:18:49 AM
Be aware though that this WILL NOT INVALIDATE YOUR DEBT.
It just means that you will have to issue a new check, or pay in another way.
good point...you still will owe them the money...some might miss understand that.
You might try calling whomever cashed the check. Tell them you incurred fees from their refusal to cash it in a timely manner. It's not the bank's fault. kinda sucks they gotta take it on the chin. It's the person who cashed it a year and a half later.
+1 to the suggestion that you go in person. Them seeing you and hearing your good faith efforts will go a lot longer than trying to get anywhere on a phone.
Good luck!
Quote from: TiAvenger on November 06, 2008, 07:18:49 AM
Be aware though that this WILL NOT INVALIDATE YOUR DEBT.
It just means that you will have to issue a new check, or pay in another way.
oh, of course. but it puts the onus on them if they decide to cash the check after 90 days so you don't get hit by your bank.
Keeping a register of your account transactions and balance separate of BOA's online banking would go a long way towards preventing that kind of thing happening.
sooo....
update: I went up to the local branch this afternoon. They dropped 2 of the charges. I guess I can't ask more than that for something that they didn't do.
as much as I hate BoA, and will be opening an account somewhere else in the future, I also opend a savings account and tossed a couple hundred in it. This way, if something like this ever happens again, they will just pull the money out of there instead of overdrafting me.
Still almost a couple hundred in the hole after this....and I'm still pissed at the city (DAMN YOU WICHITA FALLS!!!!).
Quote from: Drjones on November 06, 2008, 05:48:31 PM
Keeping a register of your account transactions and balance separate of BOA's online banking would go a long way towards preventing that kind of thing happening.
Another option is to use the online banking to send a check to someone instead of hand-writing it the old-fashioned way.