At 05:40 PM 12/3/2004 -0500, you wrote:


> >-----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.

On the other hand, I've heard of people finding a mistake in their favor
from the past and making the bank go back a couple years reversing all the
charges that could not have been debited had that money been sitting in
their account. ;-)

Best regards,

Spehro Pefhany --"it's the network..."            "The Journey is the reward"
speff@interlog.com             Info for manufacturers: http://www.trexon.com
Embedded software/hardware/analog  Info for designers:  http://www.speff.com




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