Re: Strange Banking Rules
- From: "Bill" <bill190nospam@xxxxxxxxx>
- Date: Tue, 27 Sep 2005 05:42:58 -0700
I once deposited my paycheck into my account (which I had for many years
prior) and the teller said they were going to put a 3 day hold on the check.
I asked why. She said they were not "familiar" with the bank the check was
written on. I pointed out the window and said "well I don't know how you are
not familiar with that bank, they are right across the street over there!"
She gave me a nasty look...
So next time, I first went to the bank across the street and cashed my
check, then deposited the cash in my bank. But then the bank across the
street gave me all sorts of trouble because I didn't have an account there.
Another time I tried cashing a rent deposit refund check at a different
branch of a bank than the branch the check was from (to avoid the 3 day hold
at my bank). They said I would need to go to that specific branch to cash
the check. (That branch was 60 miles away.) So instead I opened a savings
account with the check - $100 minimum to open the account and check was like
$400. So on the deposit slip I listed the $400 check with $300 cash back.
They *were* able to do that. Then the next day I went back, withdrew my $100
and closed the savings account!
"weft2" wrote in message
> They could fill an encyclopedia with all the rules that banks come up
> with to trip you up. I go to the same RBC bank every month to pay my
> Visa bill in full (not massive, but not a small amount either), and the
> same bank that issued me the card 3 years ago. I bring my account book,
> pass card & password, as well as the 1 or 2 credit cards I might using
> at the time. I pay via a combination of cash and assorted personal
> checks, usually issued from the same people or businesses. Been doing
> this for almost 3 years now, and I usually pay 3 days in advance, just
> to make allowance for weekends and processing time.
>
> I also usually carry a small balance in the bank account because I
> mostly don't use it for anything else, other than paying my Visa bill
> every month, and I had to open the account in the first place before
> the bank would even issue me my credit card.
>
> Anyway, the bank has new expanded hours, so I decided to try to go last
> Saturday to pay my Visa bill. Had all the funds, cards, and passwords,
> all ready to go for the full payment, and then the teller tells me,
> (AFTER she's stamped the bill as paid in full) that she has to put the
> $200 personal check I included as part of the payment on hold for 5
> days. I nearly hit the roof, and I asked why? I told her I'd been
> banking there every month on the month for the past 3 years and never
> had this problem, and that I had included the check in question from
> the same business every month. I also told her that if they held the
> check, then my sizeable Visa bill would be late.
>
> Her explanation was that since I had a small balance (less than $100)in
> the account, and it showed no activity for 2 months, that the hold was
> required. I then asked how there could be no activity when I paid my
> bill there every month. She said the book only showed an updating of my
> account (with the old amount staying the same), but no new money
> deposited.
>
> I asked, what's wrong with that? All the tellers up until now took the
> cash and checks from me and directly paid the Visa bill that way. (I
> also have bank recpt's from each Visa payment made with the bank.) I
> would bring in the exact amount needed, so no overflow was deposited
> directly into the account. (The only time I deposit a large amt. in the
> account is when I'm buying Canada Savings Bonds, and that's only once
> or twice a year.) The teller then said that the other tellers had been
> doing it wrong all along, and that they should have been depositing my
> cash and checks into my account, and then immediately withdrawing them
> to pay the Visa bill. Sounds much MORE like an excuse to tack on more
> service charges: deposit and withdraw.
>
> By this time, I was pretty upset and told the teller that I shouldn't
> have to pay a penalty because the bank suddenly changed their policy,
> or because all the other tellers I banked with there were apparently
> "incompetant" (which I don't believe they were.) She went and got her
> "superior" who apologized, yet offered no explanation as to this new
> twist. She tapped away at the keyboard for a few minutes and then ok'd
> the check to clear for payment. She scurried off, and then I asked the
> teller, bottom line, when I come in to pay my next Visa bill, am I to
> tell the teller how to do his or her job by insisting that my cash and
> checks be deposited and then withdrawn before Visa payment is
> registered? She mumbled "Yeah, I guess so..."
>
> I definitely won't be going back to that bank on Saturdays. I'd never
> seen the teller before, and she was probably only working the weekends.
> However, it's still going to be a bit embarassing to have to tell the
> regular teller what he or she should be doing when they take my Visa
> payments. Either that, or don't say anything and hope for the best :)
>
.
- References:
- Strange Banking Rules
- From: weft2
- Strange Banking Rules
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