Comerica Bank Checking
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Category: Business & Finances
Contact Information Texas, United States
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Comerica Bank Checking Reviews
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Chickenlips
September 8, 2010
Over Draft Fees
Comerica Bank has the same policies in place for checking accounts as Wells Fargo. Recently there was a Federal Judge that awarded Wells Fargo customers over 200 million dollars from unfair trade practices. To be specific, Comerica processes all transactions in a checking account from largest to smallest regardless of when the transaction took place. Any check that comes in to your account gets paid first ahead of any Visa Check Debits regardless of what you may have seen on the banks online register. Largest to smallest paid checks can wipe out a persons checking account by charging extreme amounts of fees. Can you imagine having thirty Visa Check Debit transactions over two days being circumvented by one large check that comes into the account? A single check mistake can wipe out a persons bank account and create a financial nightmare. The banks policy was a result of focus groups that were asked what would they rather have and the result was pay the larger check over any smaller amounts. There is no way anyone would agree to 30 transaction fees wiping out a checking account at 37.00 each by paying one large check. Banks like Amegy Bank process their customer transactions properly. They process all Visa Check Debits first then debits followed by checks. Amegy Bank processes largest to smallest but checks are processed last which is what real customer service is all about. Amegy still understands that I am a customer and their business practices confirm that. So as you can see I am making my bank Amegy bank and goodbye Comerica.
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Chickenlips
September 8, 2010
Over Draft Fees
Comerica Bank has the same policies in place for checking accounts as Wells Fargo. Recently there was a Federal Judge that awarded Wells Fargo customers over 200 million dollars from unfair trade practices. To be specific, Comerica processes all transactions in a checking account from largest to smallest regardless of when the transaction took place. Any check that comes in to your account gets paid first ahead of any Visa Check Debits regardless of what you may have seen on the banks online register. Largest to smallest paid checks can wipe out a persons checking account by charging extreme amounts of fees. Can you imagine having thirty Visa Check Debit transactions over two days being circumvented by one large check that comes into the account? A single check mistake can wipe out a persons bank account and create a financial nightmare. The banks policy was a result of focus groups that were asked what would they rather have and the result was pay the larger check over any smaller amounts. There is no way anyone would agree to 30 transaction fees wiping out a checking account at 37.00 each by paying one large check. Banks like Amegy Bank process their customer transactions properly. They process all Visa Check Debits first then debits followed by checks. Amegy Bank processes largest to smallest but checks are processed last which is what real customer service is all about. Amegy still understands that I am a customer and their business practices confirm that. So as you can see I am making my bank Amegy bank and goodbye Comerica.
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