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Customer service issue
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<blockquote data-quote="dannyboy" data-source="post: 368167" data-attributes="member: 484"><p>Trick</p><p> </p><p>What is wrong with what they are doing. Totally legal. And after a while, it adds up to quite a chunk of change.</p><p> </p><p>Float time is an interesting subject at the financial institutions.</p><p> </p><p>You deposit a check, the bank puts a hold on everything but the first few hundred. You think that money is just sitting around collecting dust? The bank is "holding the funds" in their accounts "on paper" while it clears to protect you from writing funds against the deposit in "case it bounces"</p><p> </p><p>They know its good. They just want to hold on to your money for the next 5 days.</p><p> </p><p>Lotsa things are a bit on the shady side, but all legal.</p><p> </p><p>d</p></blockquote><p></p>
[QUOTE="dannyboy, post: 368167, member: 484"] Trick What is wrong with what they are doing. Totally legal. And after a while, it adds up to quite a chunk of change. Float time is an interesting subject at the financial institutions. You deposit a check, the bank puts a hold on everything but the first few hundred. You think that money is just sitting around collecting dust? The bank is "holding the funds" in their accounts "on paper" while it clears to protect you from writing funds against the deposit in "case it bounces" They know its good. They just want to hold on to your money for the next 5 days. Lotsa things are a bit on the shady side, but all legal. d [/QUOTE]
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