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Customer Dis-Service

Started by Natasha, July 11, 2008, 05:59:33 PM

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Natasha

Customer Dis-Service

http://donnarose.com/MyBlog/?p=98
7/10/2008

I have been waiting for a check that finally arrived today. Since I
haven't had a steady paycheck in several weeks these periodic payments
are my financial life blood right now, and I was ecstatic when I saw
it sitting in my mailbox. So, I drove straight over to the nearby
Wells Fargo to deposit it. That's when the problem started.

The guy at the cashier window typed in all the information but called
a customer service agent over to help. She looked at the screen and
told me, with a no-nonsense matter-of-fact face that they'd have to
put a hold on the check until it cleared - two to five business days.
I asked why. She said it was because of the record of activity on my
account (not much) and the size of the check (fairly hefty). I told
her I had never heard of such a thing, but she told me it was standard
policy and didn't leave any room for discussion. I was less than
pleased.
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Robyn

It is standard banking practice to put a hold on withdrawal of funds from a large check deposit.  My bank puts a five day hold on anything over about $1000.  Protects them from bad checks.  Doesn't apply to Electronic Funds Transfers such as paychecks deposited by an employer, Social Security, etc.

Sorry

Robyn
When we walk to the edge of all the light we have and take the step into the darkness of the unknown, we must believe that one of two things will happen. There will be something solid for us to stand on or we will be taught to fly. — Patrick Overton
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