Check

Jan 12, 2009 14:45

So I deposited a very large check into my checking account. Some dumbass at Federal Reserve or someplace keyed it in wrong and left off the last two zeroes. Very pissed. Go to bank. Bank manager says they did it correctly on her end and she speaks to someone on phone who said it'd get fixed. Week later, not fixed. Back to bank. Manager says ( Read more... )

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adb_jaeger January 12 2009, 23:22:53 UTC
I've been depositing low five figure checks in my local bank (drawn on another local bank) every month since May 2008. Every month until last month, they cleared almost instantly. As in, I deposit on Monday, and Tuesday afternoon the full amount shows as available.

Last month, not so much. 10 business day hold.

Are banks *that* hard up for cash?

(yes).

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