HSBC BANK Informative - OVERDRAFT FEES
ROCHESTER, NEW YORK -- Consumer Beware. HSBC, and I believe most other banks, have a standard practice in place to that allows them to "steal" from your checking account. Here's an example of how it works; Say you have a balance of $500 in your account. You write checks for $25.00, $50.00, $75.00, and $501.00 on the same day. They clear the bank the same day. You are going to be charged (4) overdraft fees, $33.00 each for these checks. Why you might ask? Because they ALWAYS clear the largest dollar amounts first. Even though (3) of your checks were good and could easily clear the account, HSBC makes sure that won't happen so that they can collect these exorbitant, outrageous fees from their very own customers. Does anyone wonder where the government agencies that are supposed to protect us from such thievery are? I already wrote to my Congressman, as if that will do any good.