Ok. Weird then.
Just a note- emphasizing words using all caps can come across pretty aggressive. I’m sure you dont intend it, but I know it makes me feel like you are shoving it in my face. Underline or italics, if you must.
[QUOTE=IvoryTowerDenizen;14049987Just a note- emphasizing words using all caps can come across pretty aggressive. I’m sure you dont intend it, but I know it makes me feel like you are shoving it in my face. Underline or italics, if you must.[/QUOTE]
I’m not defending anyone, but has to say that many message boards don’t have all of the cool options here. Most of my online time is spent in SL. The only way to emphasize words are to use caps. I’ve tried to break my habit and just those handy options here…but I fail a lot.
I have no idea what SL stands for, but I participate on a lot of different fora on the Internet, and all of them have at least basic text formatting features, i.e. italics and bold.
For places that really don’t have text formatting, setting your words off with stars instead of USING ALL CAPS ZOMG is one alternative. I mean, I post in all caps sometimes, but usually for attempted comedic effect and not because I’m trying to make a point. It does come across pretty yell-y.
OK, I’ll take a stab at this. An ATM deposit may or may not be picked up on a weekend day. ATM deposits are treated a little differently, because you’re not presenting the check in person for deposit or for cash. The check can’t be credited to your account without a hold until someone verifies it. As far as the bank knows, you deposited a blank piece of paper into the ATM. It has to be picked up by Brinks and taken with the other ATM deposits to be processed. A Saturday deposit may very well not be processed until Monday morning or afternoon. If your call to the bank happened before the check could be verified, that may be why the person you spoke with couldn’t do anything. No one knew yet whether an actual check was there.
If you deposit with a teller, the verification that you’re not depositing a blank piece of paper is automatic. The system knows whether the check was deposited with a teller or ATM and treats the funds accordingly.
Hope that makes sense.
Yes I am guilty of knowing this and continuing despite. It’s like a bad habit that’s hard to break. I don’t mean to offend and I apologize and it will get better 
Yes but the ATM I deposited it in was the ATM attached to the same bank itself. So they had no wait for the check to be delivered. But that is beside the point really because I called the bank that Monday (it really was more like early afternoon not morning) and verified (or what I thought was a verification) the deposit and the balance of my account. The bank employee confirmed to me that the deposit had been processed and my account had a balance of “so and so” dollars. I hear that and I think, like an immature little boy evidently, that I am secure in taking my totally fuel-less car up to gas station to fill up. And I ultimately wasn’t.
This wasn’t a situation I was used to being in and I was relying on my bank (of over 12 years) to give me reliable information. When I called the bank to ask if my ATM deposit had be credited, I expect them to tell me if the check has been processed and funds are available. And when I hear, “yes sir, it has been processed and you have this much money now in your account (a balance that reflected the entire amount of the check plus the miniscule few cents still left in my account)” I felt safe in using my card.
I get it. It really sounds like they screwed up. I mean, it’s possible they misunderstood you, and verified that the deposit hit the account, which it technically did, but didn’t go further to verify that it went all the way through the processing center when it sounds like they said they did. Even though the ATM is attached to the physical branch, it still goes to the processing center, not through a teller at the branch. So, it’s possible the actual check hadn’t really been verified yet. I think it’s entirely possible you got someone on the phone who didn’t understand what you were getting at.
That’s no excuse. That person screwed up. I would have fully expected, as you did, that the balance they gave me was available for withdrawal. I would have ended up in the same scenario. (Well, except for the “just in case” credit card. But I wouldn’t have been happy about having to use it, and if I’m just running down the block to the store I don’t always have it. How embarrassing at the checkout.)
Despite the admonishments you’ve gotten, as are wont in the Pit, I think you have every right to be pissed at the bank. Bottom line, however the deposit was done, when a bank representative says, “You have a balance of such-and-such,” they should be giving the balance available, or both balances, not just the one with the higher number.
excellent!!
Ah…this explains a lot. Sometimes I’m so out of it :smack: Most of my online time is in places with instant messaging. I’m not used to BB sort of messaging, so don’t think to look at the options. In my fora, CAPS are meant to make a word stand out. * is for actions.
I also promise to try to pay attention to my typing here.
/hijack
Whoa- that’s weird. When I posted it it was in all caps (EXCELLENT!!)- meant as a little joke. Less funny in all lowercase.
Weird.
I think that the board software doesn’t allow an entire post in caps. So add in a comment.
I remember someone (who wanted to use all caps in their post) resorted to adding a lower case letter at the end with the color set to white, so that you couldn’t see it. Some might see that as too much work, I think it’s a sign of perfection.
Actually, banks LUUUURVE people who have low balances and get overdrafts a lot. A huge portion of their profits come from overdraft fees. It’s a racket. Bank robbery is something that describes what banks do to depositors nowadays. It’s as simple as that.
I admire the persistence of that poster. I was doing from my phone. That level of coding would be more than I had in me…
This makes sense. I’ve only run into the situation once, when I had a check from an insurance company. It was the settlement after a car wreck. The person at fault’s insurance only covered a rental car for a week, so i wanted to take enough cash from that (I think it was $3000, the check was just over $10,000) to get another vehicle, and the bank had no problem with this, even with my balance being under $1,000 at the time. I doubt they’d have let me do that if it was a $10K personal check, but a check in that amount from an insurance company is going to be good.
How is it the banks fault that people can’t or won’t keep track of their own money and spend more than they have?
It’s more the fault of you, or people like you. I mean that, I’m not saying that just to be offensive or get your angry. I have absolutely no problem with banks charging people money to recover the (very minimal) cost of processing overdrafts. I have no problem with banks charging enough extra money to handle the very small percentage of customers who fail to deposit money to cover the overdraft and the fee as well. A freaking five dollar charge would probably more than cover it. But the big banks on average generally charge $33 per overdraft, and they pay them off in a manner calculated to maximize the number of overdrafts. Banks use overdraft fees STRICTLY as a way of making money off their customers, often the very poorest ones, as the following links indicates:
http://www.cbsnews.com/8301-503983_162-5229590-503983.html
Now, if people were reasonable and rational about these things there would be a much huger stink than there is now about it, and there’s already a big stink about it:
It is people like YOU who say that banks should be able to charge any fee they like because, after all, the customer made the mistake, who are the problem. I mean it, you and people like you, you are greedy bankers’ biggest friends. You give them the cover they need to commit their depredations by cloaking their actions in financial morality instead of looking at the pure profit motive that drives them. I have educated you now, go forth and sin no more.
Yeah, even though I’m a “pay attention to how much money you’ve got in your bank account” kind of guy, the banks really do make it easy to overdraft, and you do have to learn a few of the rules. Since the new banking regulations, things have changed a bit, so far as I understand it, but back when I did have issues with overdrafting, I had to learn the following (and may not apply with the current federal rules.):
- Largest checks are deducted before small checks.
- Debits are (or were) posted before credits
- Anything that happens between business close Friday and open Monday are treated as the same day, despite the actual chronology of transactions and receipts proving when those transactions occurred.
- The amount stated on your “available balance” may not, in fact, be your “available balance.”
I’m not going to rehash the details, but I got (IMHO) totally screwed to the tune of $140 (which was reduced to $70 after much bitching and arguing) by Chase in 2003 because I did not know these specific procedures. Among other things, I foolishly thought that living in the 21st century with the wonderful computer technology it affords us, that the available balance an ATM prints is the actual available balance in my account. Also, as my bank had changed hands its rules so many times, I had no idea I could even overdraft from an ATM. It used to be that the ATM simply did not give you money if you didn’t have it.
Now, I believe a lot of that has changed, but I haven’t tried it out. I think I remember receiving a letter stating that due to the new regulations, the ATM will refuse to overdraft (unless you have overdraft protection, which is also a bit of a rip off, but, hey, if you understand overdraft protection and it makes sense to you, go for it.)
As much as I agree with taking responsibility for your financial situation, I have to admit that the banks don’t make the process as logical and transparent as I think it should be. I’ve solved this by keeping way more money than I ever will need in my checking account, but not everyone has that luxury.
Not every bank (and I used to work in a bank, too).
When I learned about this policy many years ago at large city banks, every time I opened an account, I had a heart-to-heart talk with the manager, and told them that I will not open an account if they invoke this policy. I point out that anything I deposit will be from very reliable and usually local sources and give them examples of recent deposits. No manager has ever turned me down, and no bank has ever come to grief on my account.
Now that I am at a small town, the policy is to give immediate credit for all deposits and I have never been refused. Heck, when the teller recognizes the maker of any checks I deposit and knows each signer personally, it’s not likely to create a problem.
There are many advantages to small towns, and this is one of them.
Why should a bank take the risk of giving what amounts to a blind loan for a “freaking five dollar charge” to a customer? A checking account is a checking account. It’s not a license to borrow money from a bank and then bitch because you are being charged for it.