I figured out the problem of the returned check fee on my credit card account.
I pulled money into my credit card account for a payment, rather than push out from the checking account. Therein is the problem. In my haste, apparently, I picked the wrong account. I really hate paying on the credit card company’s website. I have no idea why I changed my pattern, other than the fact that I was going on vacation and possibly thought this was the most efficient way to cover the payment. I could have waited a week but didn’t.
Either way, the double whammy of fees is about $79.00, $40 from the bank for insufficient funds and $39 from the credit card company for the returned check. Hopefully there won’t be additional fallout from the overdraft on the checking account. (It’s one I am about to close permanently.)
The plan is to transfer money into the checking account and then once the overdraft is covered, close the damned thing, have a check or ACH transfer to my current account and close it permanently.
Once that’s done and all my moving around of accounts is done for a few months, I want to open a Bank of America checking account and get away from Wachovia and their stupid online banking fees. And now a new rule: PUSH OUT FROM THE CHECKING ACCOUNT. NEVER PULL IN TO THE CREDIT CARD ACCOUNT.
ps- Don’t even ask me about my 401k account. There’s something fishy going on there, but I’ll explain it later when the plan administrator gets back to me. Perhaps I have done something wrong with Quicken to show a cash balance that shouldn’t exist.
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{ 4 comments… read them below or add one }
Ugh, that utterly stinks. My normal problem is pushing payments from the bank seems to take longer, except for Chase. Bleh.
Wow. That sucks. But how is it that you have online banking fees through Wachovia? I’ve been with them for years and as long as my average daily balance doesn’t fall under $250 and I don’t use a human teller more than twice a month I have no fees at all!
Yeah pushing definitely takes longer for me, 2 or 3 days. Most credit cards will post a payment same day if you pull it in. Of course assuming it doesn’t bounce… I rather push my payments in general just to pay them from the same account, but I find setting up a pull payment easier.
Quicken downloads! If you externally pull the data out. They charge you money. I started to internall push it out and for some reason it still incurred a charge last month.