My bank does some crazy stuff after midnight

**Palooka** · 12-06-2010, 01:58 AM

Is this normal? We get payed every other Friday so that is when I pay the bills on-line or a phone call. Whatever. I can look at my bank account and instantly it shows the deductions and the balance, just if I swipe my debit card. Love that!

However, it does some funky stuff. Friday and Sat. it all was payed and showed my balance and the bills I payed. I checked it just now and it shows several hundreds more than I know we have and it also wiped away the showing of the bills, like Dish, State Farm, doctors, etc.

Why?? I know in the morning it will show back up and shuffle the debits around the larger bills. Are they just trying to make me overdraw our account? lol

I've seen them also double something after midnight and the next day it will only show it once and add it back in.

I've been watching this for awhile and one night I printed the bank statement just in case because it looked liked they was trying to screw us over and I wanted proof just in case...

*grumble*

Paying bills with a credit card seems sorta sound now.

Can someone explain, please.

It's UMB if that matters.

TIA

**sinopa27** · 12-06-2010, 05:38 AM

I know what you mean. Its like thr bank has night workers and they have to manually do the transactions and do it in their manner. I have had my account overdrawn for an hour or two and then correct by the morning. It makes me scared too.

**ladytoysdream** · 12-06-2010, 07:16 AM

I'd be asking someone at the bank for a explanation.

**Debbie-cat** · 12-06-2010, 10:01 AM

I would print out all the weird transactions for a couple of nights on a row and then the corrected one in the morning. Then I would take it down to the bank and ask them to explain why this happens. Good luck!

**Sassyclass** · 12-06-2010, 10:12 AM

Yes, I would be asking about it. It's been a few years ago but we got our mail and the bank had sent 2 overdraft notices?!! Of course it was after hours so I couldnt' call about it. I checked the account online and we had a balance just short of $400.00. The overdrafts were both for $35 on 2 $25 checks and the balance was after the overdrafts were figured in. I was getting pretty steamed by this time. The next morning before the bank opened, the money had automatically been put back in. I recieved a letter that same week saying a computer error had occured. Yeah well your computer can't add or subtract so you'd better get this fixed. Make sure you keep a close watch on your account.

Cat

**McD** · 12-06-2010, 10:44 AM

Are the bills that were wiped paid with debit cards?

The reason I ask is that whenever you swipe or a company manually processes a debit card, a preauthorization is placed on your account. At some point, (depending on how often the company batches their terminal, etc), the preauthorization falls off and the transaction hard-posts to your account. There can be a pretty big lag time depending on the company. THe bank is at the whim of the companies and how they process their terminals.

**Contrary Housewife** · 12-06-2010, 10:49 AM

I asked my bank about that once and they explained something like this. On weekends the amount you spend is posted to your account but since the bank is closed it isn't actually deducted and processed. That happens when they open Monday. So all the transactions sort of stack up and the numbers look a bit wonky until the bank computers do all the math and sort it all on Monday.

In my case it was lumping all the debit transactions into one big sum, so I would spend $20 or $30 at different places and get a $235 transaction on my account which freaked me out.

**AnW819** · 12-06-2010, 01:05 PM

Originally Posted by Palooka

Is this normal? We get payed every other Friday so that is when I pay the bills on-line or a phone call. Whatever. I can look at my bank account and instantly it shows the deductions and the balance, just if I swipe my debit card. Love that!

However, it does some funky stuff. Friday and Sat. it all was payed and showed my balance and the bills I payed. I checked it just now and it shows several hundreds more than I know we have and it also wiped away the showing of the bills, like Dish, State Farm, doctors, etc.

Why?? I know in the morning it will show back up and shuffle the debits around the larger bills. Are they just trying to make me overdraw our account? lol

I've seen them also double something after midnight and the next day it will only show it once and add it back in.

I've been watching this for awhile and one night I printed the bank statement just in case because it looked liked they was trying to screw us over and I wanted proof just in case...

*grumble*

Paying bills with a credit card seems sorta sound now.

Can someone explain, please.

It's UMB if that matters.

TIA

Citizens bank does this. Everyday around midnight crazy stuff like that would happen. It does cause over drafts. BofA does not do this, thankgoodness. But it is weird isnt it? Only explanation I could get it its just the way their computer system does things. Thats all they told me. It was annyoing!

**littleplum** · 12-06-2010, 07:22 PM

Even if they do "delete" transactions from the temporary postings, it should not cause over drafts.

What causes over drafts is spending more money than you actually have in your account. Most banks give you free registers to track your spending. If you keep that updated and balance it against your statements on a regular basis, you shouldn't ever spend more than you have in your account.

**Nishu** · 12-06-2010, 09:01 PM

Not that it matters, but my last overdraft happened when our bank rearranged our transactions. I transferred money to my checking from savings online and then went out and spent it. My bank credits the transfer immediately and always has. There was not any point when there wasn't enough available funds in the account. The following evening when it updated, the bank rearranged the transactions so that the transfer was listed after the store transaction, so it showed a negative balance just for that one transaction.

It was really weird. I called them up and asked them about it... well I guess I didn't really ask them about it so much as act confused and sad in a blatant attempt to get my money back. They gave me my overdraft fee back, but they wouldn't/couldn't explain why it overdrafted. They just told me that it wasn't a bank error. I still don't understand what the difference was between that and a hundred other transactions I've made just like it.

**Palooka** · 12-06-2010, 11:14 PM

Originally Posted by McD

Are the bills that were wiped paid with debit cards?

The reason I ask is that whenever you swipe or a company manually processes a debit card, a preauthorization is placed on your account. At some point, (depending on how often the company batches their terminal, etc), the preauthorization falls off and the transaction hard-posts to your account. There can be a pretty big lag time depending on the company. THe bank is at the whim of the companies and how they process their terminals.

Yes, they were paid with a debit card. Thanks.