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Strategies & Market Trends : Tech Stock Options

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To: ViperChick Secret Agent 006.9 who wrote (56364)10/26/1998 1:39:00 PM
From: AlanH  Read Replies (1) of 58727
 
Lisa, re:Bank shenanigans

Are you speaking with a *real* officer of the bank? (The events as described sound like the whim of an ineffectual bank employee.) If you are speaking with an officer, you'll want to create a precedent for your account such that you never deal with such silliness again.

If you get no relief -- yet require immediate access to funds -- try this: ask the check originator to place a hold/cancel on the check; subsequently, wire the funds to your account (or draft a cashier's check.) I realize that this is a pain in the a** brute force method, and may cost up to $20; however, the regulations work toward the bank's favor.

Bottom line. If you are unable to establish a working framework *going forward*, change banks. Banks will occasionally pull the 5-7 day hold on large checks, but rarely with good customers and VERY rarely will funds be frozen after a check has cleared.
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