My Way News - Man Is Charged $4,300 for Four BurgersTerri Woody, the restaurant manager, said Burger King officials tried to get the charge refunded. But the bank said the funds were on a three-day hold and could not be released, Pat Beane said.
The hold is designed to prevent customers from spending money that no longer is available in their accounts and to let the bank confirm a transaction is legitimate before transferring funds, said Bank of America supervisor Joel Solorio.
Burger King did not charge the Beanes for their meal, and the couple got their $4,334.33 back on Friday.
Years ago, I experienced a similar incident. Since then, I avoid using my debit card as much as possible. Fortunately, it doubles as a credit card, so I have all purchases with it run as credit. It causes a bit of a hassle at some stores and no place seems to have the same procedure for bypassing the default debit method. Still, it's worth the peace of mind.
Don't you think it was mighty nice of Burger King to not charge them $4.33 for their meal? That's a wonderful recompense for having all of their money unavailable to them for three days! Because a BK employee was at fault, BK should be coughing up a bit more of an apology and implementing procedures to prevent future occurrences of such potentially damaging negligence.
On a similar note, I also do not allow any company to automatically draft monthly bills from my account. A coworker experienced negative side effects from such. He had BellSouth drafting payments for his monthly phone bill. In a billing error, they charged him significantly more than they should have and, of course, they took the money from his checking account. This resulted in all kinds of problems for him and to top it all, he had to wait 4-6 weeks to get his money refunded!
Be wary of whomever you allow to fiddle with your checking account. The consequences of blind trust can be painful.