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Bank holds on deposits above $5525?
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coup
Posted 9/2/2024 07:34 (#10875539 - in reply to #10874035)
Subject: RE: Bank holds on deposits above $5525?


USA
r82230 - 8/31/2024 19:43

Yes, on holding, however monies show in my account and interest is credited, so they are not making any 'float' money on my money. Float is where things like Vermo makes money (two day hold on deposit, unless you pay fee).


They are making money on the float when the bank is collecting more interest than they are paying.

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