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Bank Hold on a Check
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Russ In Idaho
Posted 1/14/2021 06:06 (#8749703 - in reply to #8748762)
Subject: RE: Bank Hold on a Check


This has been happening in my area for a long time. Banks love to try and put a hold on your checks so they can run on the float of your money. I've left two banks for this practice. I was always told anything over $5,000 was at the teller's discretion. I had a verbal blow up in my credit union over this a few years ago as I took a milk check and also a cattle check from a livestock auction house in to be deposited into my account. I had more than three times the amount of the deposit in my account to cover the checks being deposited. The young teller had never even heard of the milk plant my check was from, she thought it was fake! The three teller girls where ready to hit the destress call button on me. That promptly got me a seat at the branch manager's office. She then told me she was sorry for the inconvenience. She then told me next time when bringing a "big" deposit to just come to her desk first, don't even go to tellers window. However the straw that broke the camels back was I wrote a $50,000 check to my son from my account at that credit union to his account at the same credit union. They wanted to put a hold on that check! That money had been in my account over 100 days. I lost it, pulled all my money out of that credit union, however kept those accounts. I went up town to and went into a new bank that had just moved to town a year before. However the new bank had a long standings in first bank in the area in Idaho, but they finally came into Utah. I was able to deal with them, never been any crap like this with them.

However I could have done a transfer on that account to my son's account and no question and funds would have been available for him. It was total crap, I since quit depositing money into this credit union, only keep their accounts because I of direct deposits I had set to go there. I also use them for car loans if needed, because you can't beat their rates. But they lost the bulk of our deposits.
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