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This article reflects my daughter's week, who is a student in another state. She deposited a $70+ check from her employer, not realizing it was 1-2 weeks over 6 months old. (Must have been held at the Corporate office and mailed late; she deposited immediately upon receipt) Over a week later, she received notice that the check was returned and she was charged $80 in fees. She had already deposited her regular paycheck, which was subject to the usual hold by the bank :o/ She spoke to someone, who waived one of the fees only. Additional transactions between the date of the notice and the paycheck clearing incurred another $90 in fees. $170 in fees for a $70 check error? I've suggested she speak to her employer to get the $70 check re-issued, and to provide them documentation of the resultant fees in an attempt to recover at least part of it from them, but that would be iffy at best. <br> Obviously, she has learned that checks over 6 months old cannot be deposited, but, what recourse is there for her? WHY IN THE WORLD DOES BANK OF AMERICA ALLOW DEBIT TRANSACTIONS WHILE AN ACCOUNT IS IN DEFAULT?!?! Shouldn't the card be refused? Clearly this benefits the banking industry, especially with young people who do not have extra $$ to pad their accounts. It's disgusting!
By Denise
