Your ATM does not use transactions

Re:Your ATM does not use transactions by chiph on Thursday January 10, 2013 @08:19AM (#5036676)

Any modern bank will process deposits before withdrawal, or process them in order of entry. With the introduction of ATMs, the order of operations during the day by the customer could have been:

    Opening Balance: 100
    Withdraw 50 --> 50
    Deposit 200 --> 250
    Withdraw 150 --> 100

At no time were they overdrawn. Evil Bank® would have done as you suggested, with the reconciliation at the end of the day being the old paper-based approach of:

    Opening Balance: 100
    Subtract sum of Withdrawals: 200 --> -100
    Subtract penalties: 50 --> -150
    Add sum of Deposits: 200 --> 50

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Re:Your ATM does not use transactions by FireBeyond on Thursday January 10, 2013 @12:27PM (#5038298)

KeyBank assessed me $360 of overdraft fees for a single day for a similar thing, where a check/cash was deposited (and it wasn't related to check deposit policy, that much was multiply verified in the arguments with various managers), and I went shopping with my partner for Christmas afterwards.

I'm no longer a KeyBank customer (in between that and them cancelling my card for a $1 Roku pre-auth charge as 'suspicious' - but not notifying me, calling, etc, just popping a letter in the mail which arrived three days after I discovered for myself it was cancelled), unsurprisingly, as they refused to budge on waiving the fees (except for one - "you get one courtesy fee waiver per calendar year". The mind boggles).

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