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A new study from the Consumer Financial Protection Bureau confirms what many banking customers have already experienced: Banks reorder debit card transactions in various ways that can lead to costly overdraft fees.
That’s because it’s not clear when or in which order the bank will post transactions. While some banks simply commingle all debit transactions others categorize debits by different transaction types and process them in a sequence of sub-batches, according to the CFPB...
That’s because it’s not clear when or in which order the bank will post transactions. While some banks simply commingle all debit transactions others categorize debits by different transaction types and process them in a sequence of sub-batches, according to the CFPB...
