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To: AZConcervative
"Careful. Banks will credit a deposited check and it shows on-line as available, then in three days they find out the funds for that check are no good and they go back and charge you fees for being “overdrawn” even though on-line it showed you had an available balance."

Sure they will, below some given amount.
They also slap a hold of three to ten days on larger checks, or questionable checks, or even payroll checks - and you (or I) get all ticked off because the money isn't available despite its being a "perfectly good check".

The solution is to understand that banks are in business to make money and to actually keep an eye on what you have and what you spend. Debit cards themselves aren't the culprit although they DO require more work in order to keep your balance straight.

45 posted on 09/09/2009 10:57:23 AM PDT by norton
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To: norton

I was responding to someone calling people stupid for not knowing their balance. If you deposit a check and the next day on-line it shows the funds are available, do you wait 3-10 days to spend the money? If so good for you, but most people wouldn’t even think to. My response was directly to their post about stupid people knowing their balance. If the bank doesn’t place a hold on the check, which they did not in the scenario, then at the very least they should refund the fees.


78 posted on 09/09/2009 12:07:54 PM PDT by AZConcervative (Yes, I know it is misspelled, the correct spelling was taken...)
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