When the Ulster Bank introduced free banking they made a change where by debits transactions are now processed before credit transactions. This action greatly increases the chance of debits bouncing despite credits appearing in the same days batch run.
It never used to be like this. I'm surprised that a bank can give priority to debits over credits in this fashion.
Does anyone else know of banks acting in this fashion.
Do you think it fair?. I wonder does the banking regulator know.