I just made a deposit last Thursday by my personal check (wells fargo), and the check was cashed next day. But I have to wait for 7 business day, the money will be available then. It's $6,500, not $65! I already use US bank for more than two years, and this is not my first time to deposit over $5,000. Those money were available next day.
When I call the branch, they just keep saying they try to protect me. Because they are afraid I don't have this amount in my Wells Fargo's account. That's ridiculous! US bank already cashed my check and get the money. I feel that they just want to earn the interest and taking advantage from their customers! Protect me?
I'm sure I will close my US bank account very soon.
megusa said: I'm sure I will close my US bank account very soon.Better close all your bank account. This is the industry norm.
Xeon852
Senior Member - 1K
posted: Jan. 22, 2007 @ 1:03p
megusa said: I just made a deposit last Thursday by my personal check (wells fargo), and the check was cashed next day. But I have to wait for 7 business day, the money will be available then. It's $6,500, not $65! I already use US bank for more than two years, and this is not my first time to deposit over $5,000. Those money were available next day.
When I call the branch, they just keep saying they try to protect me. Because they are afraid I don't have this amount in my Wells Fargo's account. That's ridiculous! US bank already cashed my check and get the money. I feel that they just want to earn the interest and taking advantage from their customers! Protect me?
I'm sure I will close my US bank account very soon.
Are they doing anything outside their hold policy?
How did you make the deposit? ATM? Teller? If teller, did you get notified of the hold when you made the deposit?
megusa
Member
posted: Jan. 22, 2007 @ 1:08p
That's not true. I made same amount(or more) in other US bank branch, the money was available next day. Only this time they hold for 7 business day.
megusa said: That's not true. I made same amount(or more) in other US bank branch, the money was available next day. Only this time they hold for 7 business day.That's an exception to the rule.
Also, cash or check from the same bank are usually not held. The growing business of fake check also have banks sticks to the guideline more these days.
Disclaimer: By providing links to other sites, FatWallet.com does not guarantee, approve or endorse the information or products available at these sites, nor does a link indicate any association with or endorsement by the linked site to FatWallet.com.
Members of our community may attach files to a post in accordance with the User Agreement. FatWallet is not responsible for the content, accuracy, completeness or validity of any information contained in any attached file. Files have *not* been scanned for viruses. Be especially wary of Excel files which may contain malicious content.
