Seriously, what a dick head move!
The other day I had to write a check to my AC/heating guy. It was big enough that I knew I had to move some money from my savings to my checking account. Then I thought about it for a moment and figured: “Oh, I get paid tomorrow (direct deposit). So my check (the one I wrote to the AC guy) should go through with no problem.”
A couple of days later I go to my online banking to find that I was charged $25 for an overdraft fee. I call the bank as I’m sure this is a mistake.
After talking to the lady on the phone I discover that (at midnight) they FIRST do all of your debits THEN do all of your credits!!
So the jist of it is: 1.) Debit the check so the account goes negative. 2.) Charge the customer $25 for an overdraft fee. 3) Credit the account two seconds later with the poor bastards paycheck.
I did some whining and got my money back; but still. That’s fucked up.