Are You Being Charged Twice For Gas?

Heads up to those using debit cards to purchase gas!!

When you pay at the pump with your debit card, additional money in your checking account may get frozen for up to 3 days. The banks use the term "hold", but whatever you want to call it - your money is being withheld from you.

Even if you're pumping only a few dollars of gas, up to $100 may be frozen in your checking account. The banks are claiming they need such large holds because they don't know how much gas you'll pump when they pre-authorize the charge.

The gas station and banks know how much you have pumped, and it does not take up to three days to verify these purchases.

The 3 day "freeze" or "hold" can lead to bounced checks, which is one the banking systems biggest money makers today.