Irriating Bank Stories

[BittBurger]

Just wanted to vent.  I have 3 business accounts with Chase which do nearly $1 million per year in deposits.  That means I'm putting in $85,000 a month into my accounts via various types of deposits.

Yesterday I received a refund check from the United States Treasury for $440.  Official US Treasury check. 

After I did the deposit, I was informed that CHASE would be holding $240 of my whopping $440 check for 3-4 business days.

LOL!!!!!!

I actually got on the phone and called the "Business Premiere" service line at CHASE and went off on them.  These guys are holding $200 of a $400 check for 3-4 business days.

Wanna know why?  So they can take my money and earn interest/dividents/gains on it for that 3-4 business days, while feeding me some bullshit that its to reduce risk of bounced checks.

When I reminded them it was an official US Treasury Govt check and risk was zero, they had nothing to say.

I am looking forward to when the Bank can no longer take my fucking money and go earn income off it, without my permission.

Thank you Bitcoin.

[Aswan]

Just wanted to vent.  I have 3 business accounts with Chase which do nearly $1 million per year in deposits.  That means I'm putting in $85,000 a month into my accounts via various types of deposits.

Yesterday I received a refund check from the United States Treasury for $440.  Official US Treasury check. 

After I did the deposit, I was informed that CHASE would be holding $240 of my whopping $440 check for 3-4 business days.

LOL!!!!!!

I actually got on the phone and called the "Business Premiere" service line at CHASE and went off on them.  These guys are holding $200 of a $400 check for 3-4 business days.

Wanna know why?  So they can take my money and earn interest/dividents/gains on it for that 3-4 business days, while feeding me some bullshit that its to reduce risk of bounced checks.

When I reminded them it was an official US Treasury Govt check and risk was zero, they had nothing to say.

I am looking forward to when the Bank can no longer take my fucking money and go earn income off it, without my permission.

Thank you Bitcoin.

Bitcoin can solve this, but only if people get educated enough to feel comfortable holding their own coins without security risks. If we fail at educating people in that regard, banks will just step in again, offer "secure bitcoin accounts" and start fractional reserve banking all over again making people not only lose money, but not allowing them to access all of their money whenever they want.

We have to be really careful here. We cannot make banks not try it but we can educate everyone who migrates to bitcoin.

[Keyser Soze]

Yesterday I received a refund check from the United States Treasury for $440.  Official US Treasury check. 

After I did the deposit, I was informed that CHASE would be holding $240 of my whopping $440 check for 3-4 business days.

Seems strange, under Reg CC, banks normally have to make the first $5000 available next day for certain items such as government checks.

[RodeoX]

Ok I got one.
Years ago I cashed a check at the bank and they gave me a stack of $50s. I counted it at the counter and then walked to my car. Something was not right. One of the bills felt different and I remember my dad saying that the way to spot counterfeit money was by touch. Apparently the special cloth paper used in money is hard to simulate and I wondered about that bill. When I got home my neighbor and I looked closely at it. It looked real, but when I was able to separate it into two sheets there was no question. The watermark was hand drawn on the verso side of one of the sheets. Kinda cool. But I was out $50!
Don't think that because it cam from a bank it is real. I found out the hard way. 

[b!z]

Ok I got one.
Years ago I cashed a check at the bank and they gave me a stack of $50s. I counted it at the counter and then walked to my car. Something was not right. One of the bills felt different and I remember my dad saying that the way to spot counterfeit money was by touch. Apparently the special cloth paper used in money is hard to simulate and I wondered about that bill. When I got home my neighbor and I looked closely at it. It looked real, but when I was able to separate it into two sheets there was no question. The watermark was hand drawn on the verso side of one of the sheets. Kinda cool. But I was out $50!
Don't think that because it cam from a bank it is real. I found out the hard way. 

Did you ask them for a new $50?