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Restrictions On Debit And Credit Card Holds Purchasing gas


Do you pay for gas using a ATM/Check card?  
Then here is Something you may want to be aware of.

Retailers at gas stations now have the right to place holds on people's bank 
accounts when they use debit cards at the gas pump - sometimes tying up two 
or three times the amount of the purchase.
  
People with fixed or limited incomes. Who live paycheck to paycheck, who are 
on fixed incomes. "Because of the hold, they have bounced checks and are 
charged fees for insufficient funds."  

You work hard for your money and should not be denied access to it.  

While it has long been common at hotels and rental car companies, the practice 
is starting to hit home at the gas pump because the price of gas has gone up so 
dramatically. It is also starting to affect more people because of the increased 
use of debit cards. Gas stations used to just electronically request a $1 hold to
make sure a person's card was valid. Now they're requesting holds of $50 to $75, 
regardless of the actual purchase, because that's what it can cost to fill up a tank. 

"I urge you to take far more action, but at a very minimum, I urge you to inform 
people. Consumers have to understand.

I know, because it just happened to me.  I purchased $5.84 cents to fill a gas can
so I could mow my lawn. And I used my ATM/ Check card on 07/22/06. And the retailer 
put a hold on the transaction.

I couldn't even by groceries that following night using my ATM / Check card. 
I was denied access to my own account.  I had more than enough funds to cover it.


Please Pass this on to friends and neighbors.

Next time you decide to purchase gas, Go to your bank and withdraw the amount 
of cash you need to pay for the gas,instead of using your ATM/ Debit- Check card. 

Then let the retailers worry about the large amounts of cash they have. 

There should be no reason anyone should be denied access to his or her bank 
account, after purchasing gas for their vehicle. 

  
"It's not fair that merchants can hold my money hostage." 

PAY IN CASH !