>-----Original Message-----
>From: piclist-bounces@mit.edu [mailto:piclist-bounces@mit.edu]On Behalf
>Of Mike Hord
>Sent: Friday, December 03, 2004 5:16 PM
>To: Microcontroller discussion list - Public.
>Subject: Re: [OT] Heads up, buy PIC scam
>
>
>Another trick I've heard of follows:
>Say I have $100 in my account.  In the mail in the morning, my bank
receives
>a check I wrote for $50, one I wrote for $60, and one I wrote for $30.  A
"good"
>bank would take them in the order written (let's say $60, $30, $50),
thereby
>overdrafting one check (the $50 one).  Many banks, however, will
"rearrange"
>them, taking the $60 check, then overdrafting the other two and charging
two
>fees instead of one.
>
>I think I remember a stink a few years back about this happening, as it is
>illegal in some jurisdictions.  IANAL, though, so don't go tromping off to
>your bank if you feel something shady like this has happened to you
>without more research.

"Bank of America" does this, sometimes juggling up to a WEEK of debits to
maximize the penalties they can charge. Totally outrageous.
I would have thought it illegal, I guess not.


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