Fraudulent Banking Charges

My complaint against JP Morgan chase is for fraudulent overdraft charges to my checking account.

On Monday, October 26th at approximately 7:30pm I went online to my personal checking account with JP Morgan Chase Bank. At that time I had a positive balance of just over $68.00 with all transactions for the 26th of October already showing posted to my account with the exception of two transactions. One of the transactions not posted was for a check 4044 and the other check 1937. Check 4044 was for $ 100.00 and 1937 for $50.00. The next day, October 27th, my showed account a negative balance of $88.12. What really caught my attention was how the withdrawals were now being displayed. The two checks listed above were paid first and the charges that had already posted to my account the day before when I checked were now listed last and showing a negative balance. This caused a total of 8 overdraft fees being charged to my account. When I called JP Morgan Chase customer service I asked how they can change the order in which items were processed for the day if they were already showing withdrawn from the account. I was informed they take the highest withdrawal first and continue from highest to lowest. I explained that all these lesser charges that I was being charged overdraft fees for were already posted to my account and the balance was positive $68.00, the only two items that hadn't posted were the two checks 4044 and 1937. I was then told by Chase that was the was they processed the withdrawals and there was nothing they could do to change the outcome. I asked for a supervisor and was told they could reverse $ 70.00 of the $198.00 I was being charged. I asked about the way the charges were posted to my account when I viewed it the day before and was told they re-list the charges and the end of the day from highest to lowest.

In the end Chase would only refund $ 70.00 of the over $200.00 they took from me. The charges they levied to my account caused an additional charge of $33.00 on the 27th of October because the deposit I made on the 27th wasn't enough to cover the $198.00 they charged me in fees. These fees were taken out at the end of the day on October 27th and were more then the deposit of $250.00 I made that same day causing an additional charge on the 28th of October.

This processing scam by Chase is a just a way to charge consumers for outlandish overdraft fees. The practice is wrong and criminal. I admit I was over drawn but only on two items and should have been charged accordingly. But I was not overdrawn on the additional eight items I was being charged for and this is robbery or whatever you want to call it...its plain bad business and Chase should be ashamed.