The Bank is not your Friend, Part 2.

There is no "undo" button. When a fast-food cashier at Burger King accidentally entered $4,300 for couple of hamburgers onto a debit card, the money was gone from the account for three days. Despite Burger King's immediate action to refund the money, Bank America sat on the money for three days.



This kind of mistake could happen anywhere, anytime, and the three days
involved could cause a missed mortgage payment, a bank penalty fee, and
a permanent black mark in a credit history, but there's still nothing
the Bank will do about it. In fact, they made more money from the
mistake in two ways: charging Burger King to process the refund, and
the 3 days interest on $4,300.



When you signed that debit card agreement, you gave all your rights
away, and it can cost you real money. When it comes to online banking
and debit transactions, the banks are watching their money, not yours.



The Bank is not your friend, part one.