Menu
Forums
New posts
Search forums
What's new
New posts
New media
New media comments
New profile posts
Latest activity
Media
New media
New comments
Search media
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
What's new
Search
Search
Search titles and first posts only
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Forums
Cattle Boards
Grasses, Pastures & Hay
Bought fertilizer today....
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Help Support CattleToday:
Message
<blockquote data-quote="SmokinM" data-source="post: 1726878" data-attributes="member: 21382"><p>Basically they had a practice of doing an internal hold on checks but not the same way most banks do. The way it was explained to me is banks get paid interest at midnight every night on whats on deposit so they would hold that money to up that number. Then they would charge an overdraft fee on my account. They paid the checks because they knew I had the money , they were holding it. Checks that you wrote would clear before a deposit made the same day. Basically playing it so they got interest and an overdraft fee. I was just starting out in business and not riding a huge buffer in my account. I never wrote a check I didnt have money to cover already deposited but they were screwing me hard until I found out they were doing it. That banking relationship didnt last long. Wouldnt piss on one if it was on fire to this day.</p><p></p><p>They were also the first to charge a fee to cash a check for a non acct. holder. Just a shytty bank as a whole. Glad you had a good experience working for them, me not so much.</p></blockquote><p></p>
[QUOTE="SmokinM, post: 1726878, member: 21382"] Basically they had a practice of doing an internal hold on checks but not the same way most banks do. The way it was explained to me is banks get paid interest at midnight every night on whats on deposit so they would hold that money to up that number. Then they would charge an overdraft fee on my account. They paid the checks because they knew I had the money , they were holding it. Checks that you wrote would clear before a deposit made the same day. Basically playing it so they got interest and an overdraft fee. I was just starting out in business and not riding a huge buffer in my account. I never wrote a check I didnt have money to cover already deposited but they were screwing me hard until I found out they were doing it. That banking relationship didnt last long. Wouldnt piss on one if it was on fire to this day. They were also the first to charge a fee to cash a check for a non acct. holder. Just a shytty bank as a whole. Glad you had a good experience working for them, me not so much. [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
Cattle Boards
Grasses, Pastures & Hay
Bought fertilizer today....
Top