OK so to make a long story short, I like to keep most of my liquid funds in an online savings account, earning interest, and enough for a couple weeks of spending in my checking account.
I recently scheduled a transfer from my online savings account to my checking account, as my checking account was running low. I then, however, received a check from work that I wasn't expecting, and deposited that into my checking account, giving me plenty of funds in checking. So--2 days after I scheduled the first transfer--I went to my online savings and scheduled another transfer, but this time backwards, from my Checking to my Savings, to nullify the first transfer and transfer over some of the funds from the check I just depoisited.
My online savings processed the second request before the first, transferring several thousand dollars from checking->savings. This transfer was scheduled with the calculation that the first transfer would have already been completed. I, of course, overdrew my checking account and got hit with a NSF penalty, because my savings account processed my transfers in reverse order.
It seems to me that they should rectify this situation, pay the NSF fee, etc. Anyone have any thoughts here? :smoking:
I recently scheduled a transfer from my online savings account to my checking account, as my checking account was running low. I then, however, received a check from work that I wasn't expecting, and deposited that into my checking account, giving me plenty of funds in checking. So--2 days after I scheduled the first transfer--I went to my online savings and scheduled another transfer, but this time backwards, from my Checking to my Savings, to nullify the first transfer and transfer over some of the funds from the check I just depoisited.
My online savings processed the second request before the first, transferring several thousand dollars from checking->savings. This transfer was scheduled with the calculation that the first transfer would have already been completed. I, of course, overdrew my checking account and got hit with a NSF penalty, because my savings account processed my transfers in reverse order.
It seems to me that they should rectify this situation, pay the NSF fee, etc. Anyone have any thoughts here? :smoking: