I have a secondary checking account with Chase Bank. Every debit card transaction I have ever made was immediately posted on my account as "pending transaction." On 8/3/10, my account had more than $100 in it with NO pending transactions, so I paid two online bills with the rest of the money.
The next day I was hit with two insufficient funds fees of $35 each (yet I do not have overdraft protection). All of the sudden several other transactions that Chase paid showed up. They never were shown as pending.
I have contacted Chase three times to complain about these two unsavory practices, but they blamed the merchants and that my opting out of overdraft protection did not apply to paying online bills. I do not mind paying the bills, but I have told them I do not want to pay the fees, and each day this goes on they are closer to adding more fees because the account is in the red.
Product or Service Mentioned: Chase Bank Online Banking.