My bank deposit screw up!

That stinks!!! I deposited a paycheck like that years ago and had disastrous results as well, so now I NEVER make deposits that way just to be safe. Did you get your overdraft fees refunded/reversed?

Are you kidding me? 2 business days (friday and monday) is plenty of time to post the deposit. What is this about verifying the finds? I know where I bank (and work) the funds are available and are only reversed if the check bounces.

Apparently the payroll bank did not respond to the verification or something like that. I am going there now and will post when I get back.

good luck frog!!

8 cents! I made a mistake when I entered the amount. That is what held it up. 8 freakin cents! Intead of entering 80 I must have double clicked the 8 and made it 88. Good grief. It will be there in the AM. No penalties.

good!!!

ugh! Well, at least the issue was found and no penalities!

We are upgrading all of our ATM's to scan the check, cash, whatever and then it reads the amount on the check to reduce errors.


I am glad it worked out!

Frog, I am so sorry that happend to you but am very happy it worked out. I know that must have freaked you out.

I know when I open a new account for someone, I always tell them to avoid depositing in teh AM if they can at all help it. It causes more of a headache then it's worth. No matter how many times I explain the hold policy to someone, they never really pay attention. :?

Frog, I heard you say something about "keep the change" that is a Bank of America product. So I'm assuming your a BOA customer. Well I used to be a BOA customer service associate. Here is what I can tell you. If you deposited the check into the ATM they will give you provisional credit (I think it's about $105) now, if you deposited it after the cutoff time (it varies from state to state, some are noon some as late as 3pm) and you deposited it on Thursday the check would not be processed until Friday. For any check that is a large amount (generally a thousand or more) or a non local check they will place a 5 day hold on it, everything else takes about 2 days. Day 1 would have been Friday, day 2 would have been on Monday and would have posted to your account on Monday night. Also if you have the "my access checking" account then you are limited to the number of teller transactions you have per month. Do you know if you are a plus or premier banking member?

If you have any additional questions I'll be more than happy to answer them (to the best of my knowledge)

I WAS SURE WAS BANK AMERICA AND I THINK BANK AMERICA
IS THE WORST BANK I SAW IN MY LIFE.
BANK AMERICA IS THE KING OF OVERDRAFTS.
I'M SO SORRY MY FRIEND FROG BECAUSE THIS BANK AMERICA IS HORRIBLE AND BANK AMERICA DID NOT CARE ABOUT CONSUMERS.
I WISH THE BEST OF LUCK FOR YOU FROG.
OPEN ANOTHER ACCOUNT IN OTHER BANK AND CLOSED BANK AMERICA ACCOUNT BEFORE IS TOO LATE.

I agree

I nicknamed Bank of America Bank of Fee's. I deposited money into my husbands account and they asked me if I wanted to open an account, I told the rep not on your life. He laughed and said yea I hear ya. I thought that was funny.

I had 800.00 in NSF reversed by them due to the PDL mess that started after my direct deposit got interrupted. They would not close my account at that time and it happened all over again. After months of involving the OCC and going from person to person I finally got everything reversed and got a new account with them. Their customer service is the worst but their in house local people here a really great for the most part. The branch manager/VP was the one who finally got it all fixed. Wachovia on the other hand put me in chex after fraudulent withdrawals on my account and would not budge to help me.

I've never dealt with Wachovie. The only 2 non credit unions I've dealt with have been Wells Fargo and Bank of America. I've banked with my credit union for almost 7 years now.

Hey, FYI -

In general, just how good are credit unions, compared to banks? I'm expecting to be shopping for a new financial institution after the new year, and not liking any of the choices available. We don't have any of the big banks here either, just regional stuff like BankNorth, Chittenden, and Trustco. The reason I'm curious is that the one available credit union isn't really local. They're based in a town about 60 miles up the road, with a branch here. As nearly as I can tell, they don't even have an ATM in our town.

uncle I just joined penfed.org. This is the Pentagon Federal Credit Union. If you don't qualify automatically,you join a club to get in. For a total investment of $25.00 I became a member and their rates are at and above most major banks. Their customer service is top notch from my experience so far.

Cajun, somehow I'd gotten the impression that you were down south someplace.... Oh well. I suppose that shows how appearances can be decieving. Even with someone like me, who [usually] knows what to look for.

On the CU vs bank decision I'm facing, I'm wondering what the actual advantages to me might look like. I don't have any outstanding loans with my current bank, and the customer service there is actually pretty good. At least what I've used of it. My interaction with them is generally limited to walk-in teller type stuff, and all I have is a single low-balance checking account.

Is it easier to get a loan with a CU than with a bank? I'm not espeally in the market for a loan, but my bank denied me an overdraft-protection loan last year. Just pisses me off. My credit isn't stellar, but it isn't crap, either. I recently pulled my Experian report. All that's showing are several student loans in good standing, and a collection item for SEVEN DOLLARS. I've had the account for about six years, and only been in the red two or three times. Ideas? Suggestions?

I am down south in Louisiana,but Penfed does have a web site for on line banking. Not sure what your specific credit is,but have found credit unions to reward their members better than any bank. My other banking is thru a small cajun bank at home.

What's the best way to keep track of your scores, without having the wallet ripped offa your ass in the process? I'm getting reports from the big 3. I'm also getting the idea that it's not enough.

I love my credit union. Texas Dow Employees Credit Union. The customer service is excellent, their interest rates compared to other banks is usualy better. My CU gives a dividend back each year before Christmas, a percentage of the interest that the bank makes off of us. It's a pretty decent Christmas gift.

I had trouble getting aut finaning due to my bad credit but my CU was able to finance me for a new car at a fair rate. The only unfortunate thing is that they would finance me for 13 and the car was 18. But the interest rate was considerably better.

I've never had problems getting minor issues fixed. I wouldn't be able to compare the experience to a regular bank beyond the mess we dealt with on BoA and their many many fee's and extremely poor customer service.