WC MN | dirtclod10 - 8/31/2024 20:02
I have accounts at 2 different banks. 1 for farm and 1 for personal. Wrote a check from the farm to my personal account last winter and the personal account bank put a 7 day hold on my check. Didn’t bother me because they need to protect themselves. However after 2 days my farm account showed that the funds had been transferred to my personal account. Bank still won’t release the funds and now I’m pissed. Made a quick call to their corporate office and the funds were available immediately. They told me it just depends whether the local branch manager trusts you or not. I think they are putting it into a slush fund that draws daily interest and making a few bucks during the transfer. Probably several million a day are put on hold and that adds up.
“Today, the banking and finance industry is responsible for 29% of all major professional sports naming rights.”
I’ve yet to darken the doorway of any of those who partake in this.
Edited by Newguy 8/31/2024 20:12
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Bank holds on deposits above $5525?
