A credit card arrived in the mail a few weeks ago from Bank of America. Mr. A asked me, “Since when are we banking with Bank of America?” I told him I must have an account with them, but I don’t use the account at all so I would be shredding the card. I didn’t quite get around to that, and I was glad because of what happened next.
Last weekend I was reconciling my checking account and I noticed that my credit union had not pulled my payment from my checking account in April. That concerned me so I went to the site and tried to log on to see what was going on. I couldn’t get logged on. Next I called the number on the back of my credit card and the woman I spoke to told me that my account had been switched over to Bank of America.
It was then that I remembered the Bank of America card that Mr. A had mentioned.
I explained that my payment had not been taken from my account in April, and she checked to find that I had not been charged a late fee. I was very glad to hear that since I hate getting late fees. Even though I’ve been pretty lucky over the years on the rare event that it does happen, the card holder has agreed to reverse the charges.
The representative said she would be happy to take my payment over the phone but since the payment wasn’t due until June 2nd, I told her I would like to hold off until I get registered with Bank of America online and would make the payment myself.
I’d seen the card recently in a stack of bills and started searching. In the meantime the woman was able to give me the credit card number so I tried to register, but no, of course they need all that other pertinent information like the expiration date, and the secret code from the back of the card.
I spent a few more minutes searching, and finally found the thing! I got myself registered and had a look around. I didn’t see anywhere to set up an automatic payment so I decided to log into my checking account and scheduled a check to be mailed to Bank of America.
I didn’t check my account for a couple of days, and last night I logged in to find that the overdraft option had kicked in. Drat! I hate when that happens, too! I never know if Wells Fargo is going to charge me. They didn’t used to, but nowadays it seems they charge $12.50 when processing an overdraft.
This should not have happened. I told Mr. A that we were down to $40 and although I had just deposited a check from his business to our account it wouldn’t available immediately. It probably won’t clear until Monday. So I started to look at the account to figure out what had happened to make us overdraft.
Apparently when Bank of America took over my credit union account credit card debt, they did go ahead and set up an automatic payment. Therefore we made two payments. One on the day I sent the check, and the next day when Bank of America took the payment via automatic payment.
- I’m glad we have overdraft protection.
- Last night when examining our account I found that the April payment did indeed occur; it just was attributed to the wrong account and that is why it did not show up as a payment.
- We’ve squeaked out an extra payment to the credit card debt! Whoo!
Oh, the joys of personal finance.