| reply to Carl
Re: [Rant] Chase Bank and deposit holds... Banks sometimes increase hold times for 'high risk' accounts. A low balance could be considered a risk factor, which is unfortunate because someone with a low balance needs funds ASAP. |
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 GbcueAlmost P.E.Premium
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Santa Rosa, CA
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| said by hoyleysox:Banks sometimes increase hold times for 'high risk' accounts. A low balance could be considered a risk factor, which is unfortunate because someone with a low balance needs funds ASAP. And they have the most to gain from depositing a check that will bounce, a counterfeit check, or a fraudulent one.
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| said by Gbcue:said by hoyleysox:Banks sometimes increase hold times for 'high risk' accounts. A low balance could be considered a risk factor, which is unfortunate because someone with a low balance needs funds ASAP. And they have the most to gain from depositing a check that will bounce, a counterfeit check, or a fraudulent one. True, if the check was bad the bank can charge a fee, but the bank may have a difficult time collecting it if the depositor skips out. Another reason for the holds is to prevent check kiting. |
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