FH
Francois H
1 reviews | Active since Mar 2009
24 Jan 2024, 12:10
FEes on things YOU allow!!
I get the following on my statement Transaction Description Code 6081 Description Pmt Honfee Category Fees Sub-Category Excess Fee
Now.. the account is empty, but still it processes transactions.. How on earth is this possible as i do not have an overdraft or anything.. How can the transactions just not be declined like all other banking does. and now there is a load of fees on stuff you honoured and i am not credit viable as I am sequestrated. Still there is a Neg balance of the stuff processed plus your precess fees.. HOW IS THIS POSSABLE??
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Francois H's updateReviewer Update
26 Jan 2024, 11:05I have been contacted and this is important to note as well
They explain that when you made a debit card purchase, there were enough funds initially, but when the merchant processed the transaction, there were insufficient funds, leading to penalty fees. The bank clarifies that they don't control when merchants process transactions. They outline the process: authorization, reservation of funds, processing, and release. If other charges reduce your account balance during this process, penalty fees may apply.
I will advise to keep an eye on your balance.
They explain that when you made a debit card purchase, there were enough funds initially, but when the merchant processed the transaction, there were insufficient funds, leading to penalty fees. The bank clarifies that they don't control when merchants process transactions. They outline the process: authorization, reservation of funds, processing, and release. If other charges reduce your account balance during this process, penalty fees may apply.
I will advise to keep an eye on your balance.
FH
Francois H's update26 Jan 2024, 11:05
Reviewer Update
I have been contacted and this is important to note as well
They explain that when you made a debit card purchase, there were enough funds initially, but when the merchant processed the transaction, there were insufficient funds, leading to penalty fees. The bank clarifies that they don't control when merchants process transactions. They outline the process: authorization, reservation of funds, processing, and release. If other charges reduce your account balance during this process, penalty fees may apply.
I will advise to keep an eye on your balance.
They explain that when you made a debit card purchase, there were enough funds initially, but when the merchant processed the transaction, there were insufficient funds, leading to penalty fees. The bank clarifies that they don't control when merchants process transactions. They outline the process: authorization, reservation of funds, processing, and release. If other charges reduce your account balance during this process, penalty fees may apply.
I will advise to keep an eye on your balance.