Why Do The Effing Banks Do This To Me? (Bank Rant)

Yes, I guess that's why I use a credit union. And they were so glad to see me today! Those EFTs may be problematic anyway. I guess you're just too successful so we can't have that! Hope it all works out ok -- or else look into a more efficient financial institution, and maybe one more locally-oriented too?

All banks do that, it sucks!

I understand your feelings!! I hate that! If I didnt need it to pay a few bills I would keep my money in my wallet instead of a bank!

totally agree with you! I hate the whole pending thing...

They need to make sure the money is really there and that it clears. When you have a business this pending time is more crucial as you are dealing with huge dollar amounts and corporate accounts and the money is not always fluid.

I hate the waiting too though, but it is better than it was in the past.

yes, i frequently have to wait for my money, too grrrrrrrrrrrrr!

bank of america is the devil

I used to work for banks. They just want to make sure they clear first. But you are right...it is stupid.

I use a credit union. They are so much easier to work with.

I too hate banks

The only reason why I'm with B of A is because there is a machine right across the street from where we used to live in Arizona, and I could get there on my own, if I wanted to. I thought of the credit union that Walker used, but he mentioned there was something about keeping a minum of $50 in the account, or something like that. I wasn't nuts about a "minimum" and again, B of A had that ATM right next to the cafe that I went to, and right across from our apartment. In a place where nothing was accessable to me, that machine was a relief! Atleast I could walk across the street and do my own banking, go to the cafe, and the groccery store, which was also right there.

If they are going to hold it to make sure they money is there, they can atleast say "pending" but NOT add the total to the available tota, They could say something like (pulling numbers out of mid air here)

Pending $500
Available $250

THAT would be ideal, but oh no, they have to make things more freaking complicated. Dang banks!

Amercian banks were deregulated by Reagan and they got worse under the Bushes and Clinton--that's why we're in the state we are today; credit unions are safer, but that safety brings other problems....

I know they have the money they just want to make their bottom line better. Looks like they have more money.

there is a hold on somethings but there should not be a hold on a tax refund...... it can be frustrating as can be......banks...ugh.....that is why i bank at a credit union....

Haha, bank of america... does that bank reflect on our country at all? Seriously, we should sue them for using our country's name in their title. Haha. Well, when I was in the Air Force, I had a zero balence with them after I paid my bills and bought the things me daughter needed and took the taxi back and forth to work daily. Grrr. So, I was supposed to get 700 dollars a month direct deposited into my bank account (with bank of america) and when I went to check my balance it said -700 dollars! I was livid! I went to the AF payment center and they checked their records, they had sent the money. Then I went to the bank and they told me that they couldn't help me that the statement said what it said and I'd just have to work to replace the money. I almost got a dishonorable discharge over that! I couldn't pay my rent for 2 months and had to walk 8 miles round trip to and from work daily! That doesn't include dropping my daughter off at the sitter! Ugg.

Then later (because I'm a gutton for punishment) I signed up for another account with them and it was one of those checking/savings deals. You get 25 dollars transfered from your checking to your savings once a month and you get the 2 accounts free. Well, I made $5.15 an hour and just couldn't afford to be saving that much money every month. So, I went in and told them to close the savings account. Signed the papers and left. Well, 2 months later they slapped me with a hundred and 50 dollar over draft fees. WHAT? I went in and they gave me this long complicated story about how, even though I closed the savings, the checking was still taking 25 dollars out and it was bouncing off nothing, so I got penalized for that and it was going back to the checking account. I don't understand all of what they said, but one thing was clear, this was their mistake. And they had the nerve to tell me that if I didn't pay that money then I'd never be able to get a bank account in the US again. I told them they could take the bank account and shove it because there was no way I'd pay for their mistake! So, I've not had a bank account in 5 years. I get my online earnings sent to an account now card. This works so much better for me. Anything I get offline, goes in secret containers in secret places. Haha. I refuse to be screwed over by a bank again.

I don't use any of the "Major" banks. I bank at a local bank and the best thing, it is locally owned by people in the community. I won't ever get an account at one of the big banks where I'm just a number. My local bank knows me and I know the people running it, I'm not just a number.

I'm in the same setup as Renee S.. The big banks are untrustworthy. They'll never get any of my business.

Hope it gets worked out!

Sorry to hear about all the trouble you are having. Banks can be very frustrating.

Most banks will "float" your money - they have it, but they are using it until they decide to make it available to you. If you make a cash or electronic deposit today, most banks will post it at midnight of the same day (except Canadian banks where it can take 5 days to show up). Believe it or not, those 8-16 hours of them using your money makes them money. An electronic transfer should appear instantly because the money has already transferred from one account into another.

I use a credit union in the U.S. and ANY deposit (cash, wire, check) that is made is posted instantly. If I were to deposit an out-of-state check at the counter, I could walk outside and withdraw it with my debit card. Everything is posted to my account instantly.

For those of you who use PayPal, their "3-4 business day" delay is a pile of crap. I have worked professionally with PayPal since it was Western Bank. A transfer is removed instantly from your account when you initiate it on the web. THEY DO NOT SEND IT to your bank or creditor for 3-4 days. They are using it themselves in the meantime.

It seems like they do what ever that want, they get away with it.