Check "clearing" for the nth time

[RJ Squirrel]

 

[cr8crshr]

Why is it that many here have this problem with "BANKS"??? I do not, as I use a Credit Union, and for any check I deposit, I make sure that I have enough in the account to cover it myself. Maybe start making sure that you have a sufficient balance in yours to do the same. That is, unless one needs the money right now. Then that explains all these issues with a deposit...cr8crshr/Bill

 

[YY1]

Why should I need to have enough in my account to cover a check someone else writes to me?

Perhaps the multi-billion dollar banking industry should IDK, take steps to help insure they and their customers are not getting ripped off?

 

[j-c-c-62]

Why is it that many here have this problem with "BANKS"??? I do not, as I use a Credit Union, and for any check I deposit, I make sure that I have enough in the account to cover it myself. Maybe start making sure that you have a sufficient balance in yours to do the same. That is, unless one needs the money right now. Then that explains all these issues with a deposit...cr8crshr/Bill

I think you are missing the main point here, "you" never really have deposited check "money" in your account, you just have funds "available" that the banks can recall at any time without any notice, and no one is exempt from that.

 

[cr8crshr]

I think you are missing the main point here, "you" never really have deposited check "money" in your account, you just have funds "available" that the banks can recall at any time without any notice, and no one is exempt from that.

Actually, I do get the point. Banks are one thing, and they cater to those who have accounts. Credit Onions are similar but require a membership to become a user of those institutions. Slightly different in their way of doing business, yet they put the member first, where a Bank only cares about their bottom line to stockholders. In my case, my Credit Union immediately provides the funds for any and all deposits. cr8crshr/Bill

 

[Unkle Krusty]

A cheque is a promissory note. The promise is not always fulfilled. If you receive a cheque, do not deliver the goods until the cheque clears the issuers bank. Getting the cheque hammered used to be the term.

 

[66/440]

I recently went into my local bank that I have had an account with since 1994.
I was withdrawing cash to make a auto purchase. I had previously had some issues doing the exact thing. They did not want to give me cash that was in my account. Apparently there is a protocol where by you are questioned and essentially held in the bank to make sure that you are not being coerced into a withdrawal, or may be using cash for nefarious purposes. They like to detain you for 30 to 45 minutes while questioning you. It is annoying and frankly It's my money and what I do with it is my business. This time I was prepared with an answer that caused them to hand over the funds and try and get me on my way ASAP. When asked what the funds were for I told them I was going to buy condoms! Out in 5 minutes flat!