Joann Foley

Another big problem with my bank has popped. I had a big fight with them about a year ago and pretty much stopped going there other than letting my minimum balance sit in my checking account so it sat there for free.

Well, I had an urgent need to raise some cash and there wasn’t enough in that account without making an additional deposit. I dug out an old money order and all the loose cash I could find to make a deposit, which they took without issue. So I wrote a check against my balance and expected to leave about $50 in the account.

That was two weeks and not a peep from my bank about any issues, but when I logged in to my online account to verify that the check cleared, I was horrified to find a negative balance on the account. Evidently, the bank returned the money order for some reason and has been charging me for overdraft fees for 2 weeks. I have a huge negative balance and am totally freaked out.

I can’t imagine why the money order would be returned and charged back to my account. That makes no sense to me at all. I thought a money order was the same as cash. WTF?