Comments on: The Cry Of The Castrated Consumer http://susiemadrak.com/2007/09/07/08/53/the-cry-of-the-castrated-consumer/ Keeping a jaundiced eye on the corporate media. Wed, 03 Dec 2008 02:05:10 +0000 http://wordpress.org/?v=2.6 By: Narya http://susiemadrak.com/2007/09/07/08/53/the-cry-of-the-castrated-consumer/#comment-129590 Narya Sat, 08 Sep 2007 10:29:31 +0000 http://susiemadrak.com/2007/09/07/08/53/the-cry-of-the-castrated-consumer/#comment-129590 Of course, they've had your money, in hand, since the day you deposited it at the ATM; wait--given how long those electrons take, maybe a minute later? But they make a lot of interest money on funds they can hold. Of course, they’ve had your money, in hand, since the day you deposited it at the ATM; wait–given how long those electrons take, maybe a minute later? But they make a lot of interest money on funds they can hold.

]]> By: Scorpio http://susiemadrak.com/2007/09/07/08/53/the-cry-of-the-castrated-consumer/#comment-129586 Scorpio Sat, 08 Sep 2007 04:38:24 +0000 http://susiemadrak.com/2007/09/07/08/53/the-cry-of-the-castrated-consumer/#comment-129586 Almost the only way to get funds immediately is to cash a check at the bank of origin. I once went to deposit a *Cashier's Check* (cash guaranteed by the issuing bank) from Bank 1 to Bank 2, 8 blocks away. Bank 2 said it would take 10 days to clear. "Ten days? You could walk there and get cash faster than that. That is outrageous and disgusting treatment of a Cashier's Check." They decided to let the cash be available the next day. But they still had become screwups and I ended up closing their account a year later after 17 previous years of use. Almost the only way to get funds immediately is to cash a check at the bank of origin. I once went to deposit a *Cashier’s Check* (cash guaranteed by the issuing bank) from Bank 1 to Bank 2, 8 blocks away. Bank 2 said it would take 10 days to clear. “Ten days? You could walk there and get cash faster than that. That is outrageous and disgusting treatment of a Cashier’s Check.”

They decided to let the cash be available the next day.

But they still had become screwups and I ended up closing their account a year later after 17 previous years of use.

]]> By: PT&S http://susiemadrak.com/2007/09/07/08/53/the-cry-of-the-castrated-consumer/#comment-129577 PT&S Fri, 07 Sep 2007 17:55:15 +0000 http://susiemadrak.com/2007/09/07/08/53/the-cry-of-the-castrated-consumer/#comment-129577 I don't understand the rules for this stuff, either before or after reading http://en.wikipedia.org/wiki/Expedited_Funds_Availability_Act, but it's not apparent what legal authority permits this hold. (Unless, sorry, you're in the "NSF Hold" category, which would fit 7 days, and would also mean that they lied to you about why.) I can only imagine how little you want to spend time actually arguing with the bastards, but if you were going to, I would want to ask what part of Reg CC permits their actions. I hope your landlord can be made to see reason to the extent of holding your check a few days. I don’t understand the rules for this stuff, either before or after reading http://en.wikipedia.org/wiki/Expedited_Funds_Availability_Act, but it’s not apparent what legal authority permits this hold. (Unless, sorry, you’re in the “NSF Hold” category, which would fit 7 days, and would also mean that they lied to you about why.) I can only imagine how little you want to spend time actually arguing with the bastards, but if you were going to, I would want to ask what part of Reg CC permits their actions.

I hope your landlord can be made to see reason to the extent of holding your check a few days.

]]> By: Susie http://susiemadrak.com/2007/09/07/08/53/the-cry-of-the-castrated-consumer/#comment-129574 Susie Fri, 07 Sep 2007 15:19:45 +0000 http://susiemadrak.com/2007/09/07/08/53/the-cry-of-the-castrated-consumer/#comment-129574 Oh, it gets better. This check was posted (although not yet cleared) three days ago. So, figuring that meant it would clear the next day, I wrote my rent check. Now it's going to bounce. Oh, it gets better. This check was posted (although not yet cleared) three days ago. So, figuring that meant it would clear the next day, I wrote my rent check. Now it’s going to bounce.

]]> By: Bunter http://susiemadrak.com/2007/09/07/08/53/the-cry-of-the-castrated-consumer/#comment-129573 Bunter Fri, 07 Sep 2007 14:52:49 +0000 http://susiemadrak.com/2007/09/07/08/53/the-cry-of-the-castrated-consumer/#comment-129573 If you can, find a new bank. Wachovia plays Calvinball with their clients, and it never gets better. I worked for their securities arm and dealt with the bank, even for us, they were impossible. If you can, find a new bank. Wachovia plays Calvinball with their clients, and it never gets better. I worked for their securities arm and dealt with the bank, even for us, they were impossible.

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