CNNMoney.com
Companies Economy International Corrections Pre-market Trading After-hours Trading Winners/Losers/Actives Bonds Currencies Commodities World Markets Money Magazine Real Estate Taxes Jobs Ask the Expert Money 101 Autos Mutual Funds The Help Desk Loan Center Best Places to Live Ask the Expert Ultimate Guide to Retirement Retirement Calculators Best Funds Best Places to Retire Fortune Brainstorm Tech Apple 2.0 Blog Big Tech Blog Sectors and Stocks Tech Talk Resource Guide Small Business Makeovers Questions & Answers Small Business Video 100 Best Places to Launch FSB 100 Fortune Small Business Fortune 500 Brainstorm Tech Investing Management C-Suite Rankings Main Create Portfolio Edit Portfolio Create Alerts Edit Alerts

Macy's reports overcharging customers

The retailer says it overcharged a small number of customers who paid with debit cards on the Saturday before Christmas.

EMAIL  |   PRINT  |   SHARE  |   RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
By Lara Moscrip, CNNMoney.com contributing writer

At what level will the Dow Jones industrial average, which ended 2008 at 8,776, finish 2009?
  • Above 10,000
  • Above 8,776 but below 10,000
  • At or below 8,776

NEW YORK (CNNMoney.com) -- Some Macy's stores overcharged holiday shoppers who used debit cards to make purchases on one of the busiest shopping days of the year.

A Macy's (M, Fortune 500) spokesman said Friday that customers at some stores in its central and eastern divisions may have had multiple debits made to their checking accounts on Saturday, Dec. 20.

Macy's would not reveal how many customers were overcharged, saying only that the glitch affected "less than one-half of 1% of transactions" that took place between 1 and 2:45 p.m.

According to a written statement from a Macy's spokesman, the retailer has communicated with customers' banks, and the banks are crediting customers' checking accounts. Any overdraft fees triggered by the multiple debits would be credited to customers.

Shoppers who are still having problems with their bank accounts can get help by faxing their statement to Macy's, at (513) 573-2433, with their account number blacked out, to the attention of "Third Party Credit."

A Macy's spokesman said the multiple debits to checking accounts were caused by a "systems issue."

Customers who paid with credit cards were not affected.

The Saturday before Christmas is one of the year's biggest shopping days for retailers, along with the post-Thanksgiving "Black Friday."  To top of page

Features
  • 2010_toyota_prius.04.jpg
    The 2010 Prius doesn't look, touch, or feel like a traditional gas-powered car.  More
  • mens_main.04.jpg
    Try these holiday offerings for the fashion-conscious man in your life. More
  • n_detroiters_in_exile.cnnmoney.160x90.jpg
    A couple who moved to New York yearns to return to Detroit when their hometown recovers. Play
  • black_truffle.04.jpg
    A North Carolina entrepreneur wants America to fall in love with truffles. More
  • barter_1.04.jpg
    Business owners are growing their sales by swapping everything from boats to lingerie. More
  • bank_vault.ju.04.jpg
    President Obama's plan would give small banks access to capital, but they are wary of TARP traps. More
  • 091020_nuclear_0154.04.jpg
    Minimum wage to $20 an hour. That's what Sally Delk hopes for with a job at the nuclear power plant.  More
Markets Last Change
Dow Jones 10,406.96 136.49 / 1.33%
Nasdaq 2,197.85 29.97 / 1.38%
S&P 500 1,109.30 15.82 / 1.45%
10-year Bond 100 10/32 Yield: 3.33%
U.S.Dollar 1 euro = $1.497 0.000
November 16, 2009 12:00 AM ET
CompanyPrice% Change
Sprint Nextel Corp 3.55 14.52%
Motors Liq Co 0.64 14.08%
Group 1 Automotive Inc 28.62 8.37%
BlueLinx Holdings Inc 3.28 7.19%
Nov 16 3:53pm ET †
More Galleries
Best holiday gifts for the gadget geek Looking for the perfect present for that tech-savvy someone in your life? Try one of these affordable gadgets. More
6 double dip warning signs The recovery from the Great Recession has likely started. But many economists are worried about falling into another downturn. Here's what has them concerned. More
Best holiday gifts for the style guy Try these holiday offerings for the fashion-conscious man in your life. More
Sponsors

© 2009 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy
Copyright © 2009 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
Intraday data is at least 20-minutes delayed. All times are ET.
Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data.
Fundamental data provided by Morningstar, Inc..
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.