Results 1 to 17 of 17

Thread: Withdrawals before deposits.

  1. #1
    Veteran Member dishis's Avatar
    Joined
    Aug 2005
    Posts
    221
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default Withdrawals before deposits.

    I just found out the hard way that my bank is now taking withdrawals out of my account before it adds in the deposits. Is this becoming normal or are most banks still doing deposits first and then withdrawals ?

  2. #2
    Kaylinn
    Guest

    Default Re: Withdrawals before deposits.

    yeah...my bank fucked me over with this...we fought and fought..eventually closing the account.

  3. #3
    Veteran Member dishis's Avatar
    Joined
    Aug 2005
    Posts
    221
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default Re: Withdrawals before deposits.

    I was tempted to close my account, but I'm afraid they will all start to do this.

  4. #4
    Kaylinn
    Guest

    Default Re: Withdrawals before deposits.

    We went to B of A

    Haven't had any problems with them at all.

  5. #5
    Yekhefah
    Guest

    Default Re: Withdrawals before deposits.

    Yeah, this is the new bank scam. My last bank would sometimes hold my deposits for several days so they could get a few withdrawals in and some bounce fees. I moved to Washington Mutual and haven't had any problems; my deposits clear immediately now.

  6. #6
    Kaylinn
    Guest

    Default Re: Withdrawals before deposits.

    ^^ Interestng....WaMu was the bank we had the issues with, and fought with them for months over it.

    We were bouncing every pay!!

    Every single fuckign pay we had fees and charges...and his paycheck was direct deposit!!!

    So on payday, he would pay the bills online...which would clear immediatly, and he assumed that since his pay was direct deposit, it was available.

    Here's the fucked up part.

    It would show his paycheck as deposited.....but in reality it was "pending" but this didn't show on our account online. It just loked cleared and available, and we assumed safe to pay bills.
    That's why we fought. But we lost, an changed banks

  7. #7
    Banned Melonie's Avatar
    Joined
    Jul 2002
    Location
    way south of the border
    Posts
    25,932
    Thanks
    612
    Thanked 10,563 Times in 4,646 Posts
    Blog Entries
    3
    My Mood
    Cynical

    Default Re: Withdrawals before deposits.

    ahhh, the 'miracle' of electronic money. It goes out instantly, but it comes in just as slow as paper or seems to anyhow ! Banks now try to take full advantage of debits vs credits timing in order to extract fees from customers who are trying to play things very 'close to the vest'.

    Yes, banks now typically run the debits before running the credits. Yes banks' online account status software often does involve nasty time lags. Yes this typically means having to maintain a $500 or $1000 cash balance as a 'cushion' against overdrafting being caused by all of the weekly debits hitting before the weekly credits credits.

  8. #8
    God/dess Lysondra's Avatar
    Joined
    Apr 2005
    Location
    Another Country
    Posts
    18,664
    Thanks
    0
    Thanked 148 Times in 100 Posts

    Default Re: Withdrawals before deposits.

    To avoid this I go in person to deposit cash. It's there within 2 fricken seconds that way. But I've had it happen before. I HATE HATE HATE that 'pending' crap. It happens with cheques and internet deposits. You have $2500, Oh, but we forgot to tell you, you can only spend $1200 of that.


    Look like a woman
    Think like a man
    Act like a lady
    Work like a dog

    - My Great Grandmother Bessie's Recipe for Success

  9. #9
    Banned
    Joined
    Feb 2007
    Location
    ATX
    Posts
    3,502
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default Re: Withdrawals before deposits.

    is it wells fargo? fuck wells fargo. fuck banks. I go with credit unions.

  10. #10
    cameron_keys
    Guest

    Default Re: Withdrawals before deposits.

    I had that problem with WaMu too. I'm with Bank Atlantic now and havent had a problem(but they are local only)

  11. #11
    Yekhefah
    Guest

    Default Re: Withdrawals before deposits.

    We need a stripper credit union! It would take cash deposit history as proof of income for mortgage loans, and it would be open from 3 pm to 5 am. Oh hells yeah!

  12. #12
    God/dess Emily's Avatar
    Joined
    Feb 2003
    Location
    Las Vegas
    Posts
    11,302
    Thanks
    4
    Thanked 143 Times in 72 Posts

    Default Re: Withdrawals before deposits.

    you want to give mortgages to strippers?!

  13. #13
    Yekhefah
    Guest

    Default Re: Withdrawals before deposits.

    Well, not personally, no!

  14. #14
    Banned Melonie's Avatar
    Joined
    Jul 2002
    Location
    way south of the border
    Posts
    25,932
    Thanks
    612
    Thanked 10,563 Times in 4,646 Posts
    Blog Entries
    3
    My Mood
    Cynical

    Default Re: Withdrawals before deposits.

    ^^^ I can imagine that there are probably a whole bunch of sleazy financiers out there who would be willing to bankroll a 'stripper' credit union ... which would probably consist of 99% loans and mortgages and 1% savings and investments (remember that in general SW dancers are the exception to the rule). The kicker of course would be exactly what 'future services' the borrowers would be required to post as collateral !!! This could wind up being an institutionalized 'Sugar Daddy' !

  15. #15
    God/dess Lysondra's Avatar
    Joined
    Apr 2005
    Location
    Another Country
    Posts
    18,664
    Thanks
    0
    Thanked 148 Times in 100 Posts

    Default Re: Withdrawals before deposits.

    You guys SUCK! This JUST happened to me today. That's what I get for opening my mouth. But nooooo, I deposited my money IN PERSON and it took out my gym membership but DIDN'T TELL ME (You still have $50 it said to me!) and I go to lunch and BAM... I'm overdrawn and charged a $30 fee. FUCK.


    Look like a woman
    Think like a man
    Act like a lady
    Work like a dog

    - My Great Grandmother Bessie's Recipe for Success

  16. #16
    God/dess
    Joined
    Jan 2004
    Location
    Your imagination
    Posts
    2,875
    Thanks
    19
    Thanked 174 Times in 119 Posts

    Default Re: Withdrawals before deposits.

    ironically, once i simply maintained plenty of money (mel's 500+ standard or more) in the account(s) at all times, i've never had issues with deposits being held for days on end. but it was an issue when i kept accounts with only bill money in them and not much more.

    what's really irritating is online pay systems that somehow take 3-5 days to process. it's so silly-- computers shouldn't credit you slower than a mailed check! but at least it's 'free'.

  17. #17
    Featured Member Vamp's Avatar
    Joined
    Jul 2004
    Location
    Missouri
    Posts
    1,111
    Thanks
    271
    Thanked 757 Times in 289 Posts

    Default Re: Withdrawals before deposits.

    The reason online bill pay takes so long sometimes is because some creditors will only accept a check and not an electronic transfer. So the bank literally prints out a check and sends it, hence the 3 to 5 days.

    Yes having an amount in your checking or savings will help prevent holds.

    Any deposit made to an ATM machine will automatically go on a hold no matter the account relationship. Banks have had alot of fraud ie saying there is 100 in cash in the envelope when in reality there is only 10.

    Always ask if there is a hold on a deposit and why. Some banks, for some reason, don't say anything and expect you to read the receipt. Even then sometimes it isn't printed out very well.
    Nature knows no indecencies; man invents them. ~ Mark Twain


Similar Threads

  1. Deposits for escorts?
    By mischa_5 in forum Other Work
    Replies: 36
    Last Post: 12-10-2010, 09:04 AM
  2. Bank deposits. . . ?
    By AudrinaN in forum Dollar Den
    Replies: 8
    Last Post: 09-10-2010, 07:44 AM
  3. 3 months quit, major withdrawals
    By peachplumpear in forum Stripping (was Stripping General)
    Replies: 20
    Last Post: 06-06-2010, 10:21 AM
  4. Antidepressant withdrawals
    By zxcire in forum Body Business
    Replies: 7
    Last Post: 07-10-2007, 03:18 PM
  5. Question, about money deposits
    By Pamela in forum Dollar Den
    Replies: 24
    Last Post: 04-03-2004, 07:32 AM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •