I drive through the bank that I do business with often. I will insert my debit card to make a small cash withdrawal, into the ATM, and push the button that says: Yes, I do want a receipt....The dam thing NEVER gives me an accurate balance...do they do this on purpose? So they can charge you for an overdraft????I might pull in, and get 35 dollars on my way to work, and It will tell me that I have 225 dollars left....the very next day, I will pull in, and get another 35 dollars, and the dam thing will tell me that I have 475 dollars left....It does it all of the time, and I have went around and around with my bank, they charge me to research this and also charge me overdrafts, and I have to tell you, that I don't keep tons of money in my checking account, as I am a low wage earner....is there any way to force them to give accurate balance statements at an ATM? Is this some sort of fraud?
2007-07-11 18:17:22 · 4 answers · asked by johnslookin49 1 in Business & Finance ➔ Personal Finance
I'd take a couple of the receipts in to the bank, show them to them, and ask what the heck is going on if you had no other transactions to your account in the meantime.
2007-07-11 18:52:35 · answer #1 · answered by Judy 7 · 1⤊ 0⤋
A lot of ATM Machines are on a grander network bridged to your financial institution network, and as such, does not get updated instantly. There is a lot of transactions that occurs at any single moment. Not just the instant ones when we swipe plastic, but corp to corp transactions, payroll (direct deposits), etc all occurring at the same time, in every financial institution. Just the net congestion alone makes it nearly impossible to keep all balances up to date instantly.
Plus, debit credit cards have funds withdrawn differently depending how you used them. If you use it as a debit card, the transaction is near instant, but if used as a credit card, it can take up to a week before the receipts are received at your financial institution. Which is why $35 all of a sudden disappears for no reason. Most likely, it is a result from a transaction a week earlier just now clearing.
2007-07-12 01:32:05 · answer #2 · answered by Hadley N 4 · 0⤊ 1⤋
Which bank is that??? Most of the bank I know has a good record keeping system so the amount on the receipts is pretty accurate. With a checking account, you might need to take your direct deposit and automatic withdrawals payments into consideration.
2007-07-12 01:29:05 · answer #3 · answered by Bryan 5 · 0⤊ 0⤋
Is there some reason that YOU don't know how much you have in the account? If it's a low amount surely you can do the math.
2007-07-12 01:20:12 · answer #4 · answered by Lisa A 7 · 0⤊ 0⤋