Originally Posted by kajidono

Guess you missed my post where I explained that when you deposit your paycheck they hold on to it on purpose until there are charges against your account so they can drive your account into the hole and hit you with charges. Then they deposit what's left of your check. If you're running a ledger, you won't even see it until you balance it again.

Originally Posted by msmspilot

Posting as msmspilot's wife... I don't generally get on any forums, but as my husband has talked about this particular subject with me, I have become increasingly more infuriated and couldn't resist.

This one is SIMPLE. You have a paycheck, and you deposit it (or you have it automatically deposited via your employer = ADD money to your account. You spend money = SUBTRACT money from your account.

This is at most 3rd grade level math here; simple addition and subtraction. If you can't do that, you shouldn't have graduated high school, much less left your elementary school's campus. You're just being a two-year-old throwing a temper tantrum and not wanting to take responsibility for YOUR MONEY. If you want to reconcile that you don't want to take responsibility for YOUR MONEY and willingly hand over the responsibility of simple addition and subtraction to a bank, then more power to the bank for profiting off of your LAZINESS.

Really people, we're not talking about amatorizing compound interest on a daily basis or betting on day-trade stocks, it's SIMPLE ADDITION AND SUBTRACTION. Don't spend more than you put in. And if you do, realize that somebody else paid the difference and you owe them whatever you agreed to pay in the contract you signed (but likely didn't read because that's too damn inconvenient, too) when you opened your account.

If you want to keep your money, GROW UP. If you want the bank to coddle you and hold your hand while you suck the thumb of the other, then you'll have to pay for the convenience, as shown by the purchase of the third-party service that holds your baby bottle for you.

Originally Posted by msmspilot

*msmspilot's wife replying*
Guess you missed the part of the contract you signed that says (in most bank account contracts) that it can take up to three days for your funds to become available after deposit. Some banks say as much as seven days. Regardless, these are terms to which YOU AGREED. If the bank is truly VIOLATING your agreement, then you have a legitamate complaint and a legal leg to stand on, but of course you would have to actually read said agreement to know that. If you just don't like the terms you have two options: close your account and operate only on cash, or keep your account and discontinue direct depositing so that you have to be oh-so-terribly inconvenienced with a paper check that you have to hand carry to the bank and have cashed. You then have all the control of your money. If you choose, you can even turn right around and make the CASH deposit, in which case at every bank I've dealt with the funds are immediately available for wihdrawal transactions.

Originally Posted by IROCUBabe

And to note:

Bank of America immediately post direct deposit. Nearly every charge was immediatly posted, and deducted from the avliable balance, but some smaller ones were held. Even when they were made in the same place, within hours of each other, at the same store. I called Flying J and asked if they did charges from the restaurant and store differently and they do not. They use the same system, and immediately authorize the amounts. BoA held them, without cause, and also did not deduct them from the available balance total displayed at the the top of the page (and in the mobile app the only solid # you can get for the balance amount is that number) even though they deducted them from the transaction ledger itself. that is VERY DECEPTIVE.

Originally Posted by msmspilot

Back to the real msmspilot

That's awesome. I honestly didn't know anyone did that. Just more reasons to tell the mega banks where to stick it.

Originally Posted by kajidono

Guess you missed my post where I explained that when you deposit your paycheck they hold on to it on purpose until there are charges against your account so they can drive your account into the hole and hit you with charges. Then they deposit what's left of your check. If you're running a ledger, you won't even see it until you balance it again.

Originally Posted by IROCUBabe

And to note:

Bank of America immediately post direct deposit. Nearly every charge was immediatly posted, and deducted from the avliable balance, but some smaller ones were held. Even when they were made in the same place, within hours of each other, at the same store. I called Flying J and asked if they did charges from the restaurant and store differently and they do not. They use the same system, and immediately authorize the amounts. BoA held them, without cause, and also did not deduct them from the available balance total displayed at the the top of the page (and in the mobile app the only solid # you can get for the balance amount is that number) even though they deducted them from the transaction ledger itself. that is VERY DECEPTIVE.

Originally Posted by IROCUBabe

Yeah I am working on my credit now, that damn school loan drove my score into the high 400's so you're not getting any sympathy from me

I started near where you did, hell I had such great income and credit one I had that titanium Amex that has no credit limit lol... I bought a car on it once, and paid it off the next month when the bill came XD

Now some measly 3k debt that was overpaid for 18 months is killing my credit score >.< Oh well, they will fall flat on their asses when they get their 1k payment this month.