Quote:
Originally Posted by G-Oil Guy
Now I thought laws were passed to ensure that the activity on an account was processed in CHRONOLOGICAL order i.e. every transaction is time stamped so process them in that order.
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Yea the new federal law passed last year now mandates that all activity has to be done in chronological order. It also mandates that banks can only charge a set limit of overdraft and insufficient fund fees (I think 2 of each) within a one month time frame. And it also says that before they can charge you a fee they have to notify you before hand that you overdrew and the next time you do it they will charge you so now you can overdraw twice within a certain time frame and only be charged once.