Posted 1/13/2021 19:37 (#8748950 - in reply to #8748762) Subject: RE: Bank Hold on a Check
Columbia Basin, Ephrata, WA
We just went several rounds with this issue over the holidays. Five day holds for no reason became two week holds even though that was against the bank’s published policies (not that showing them their own policies made a difference). Meanwhile we’re trying to pay down loans have interest accruing the whole time. Funds were shown removed from one account but not present in another (in other words, they lost it). Calls, complaints, clarifications, and eventually account closings ensued.
Got various things moved to a different bank that had a better track record of being flexible. They recently managed to clear $300k instantly when the other banks made it sound like it would take an act of Congress plus approval of the UN and WTO to make that happen.