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Bank of America

Piece of advice - if you're a BoA customer, never, ever deposit a check in the ATM.

I deposited my last paycheck last Friday. I only get paid monthly, so having timely access to my money is of great importance to me. In the past, I've always made counter deposits, but last time i did so, they said, "You can just use the ATM, it's exactly the same." So this time I did use the ATM. Previously the funds would be available the following day, which is great! Making the assumption that this was the case, I went and bought a new pair of dress pants (for my new job) and a coffee maker (basically... same purpose) on Saturday. When I stopped in at Best Buy to replace my broken router, my card was declined. Weird.

I found out that the ATM will put a five day hold on any check that appears in any way to be "irregular" - and irregular can include an account that was overdrawn any time in the last six months, or from a different source than the usual checks, or at a different branch, or above a certain amount, ... or basically, any reason at all. It's bad enough to get paid monthly, but to get denied access to my check for an additional week because the ATM is fussier than a human teller is just outrageous. What's worse- they're going to hit me with overdraft charges for the stuff I picked up on Saturday.

Lesson to be learned - always, always, always give your check to a human being, and not to the ATM.


( 10 comments — Leave a comment )
Jan. 31st, 2006 06:02 pm (UTC)
You can call B of A, explain the situation, and if you're nice enough... the representative will reverse the NSF charges as a "one time courtesy"
Jan. 31st, 2006 06:05 pm (UTC)
Yeah, but I shouldn't have to, gorram it.
it's enough to make a fella want to spit into his hands, hoist the black flag, and slit some throats!
Jan. 31st, 2006 06:13 pm (UTC)
Or bank elsewhere. (Although all of them have something wrong with them.)
Jan. 31st, 2006 07:20 pm (UTC)
Aggy - there's this great thing called automatic deposit.....you may want to look into it ;)
Jan. 31st, 2006 07:22 pm (UTC)
Last check was a special exception, normally I have the direct deposit.
Jan. 31st, 2006 08:09 pm (UTC)
I'd say that's unusual, as I've never had a problem depositing checks at BofA atms... but then, my regular paychecks go in direct deposit so I'm rarely depositing checks for more than $50 or so...
Feb. 1st, 2006 04:24 pm (UTC)
I used to be a bank teller once upon a time. That is the rule for pretty much all banks because fake checks are so easy to make. The difference is you can’t tell an ATM that this is your paycheck and show it proof that you are employed there. If you give that information to a teller you get a standard 2 day hold as opposed to a 5 day hold.

Only use an ATM for deposit if you can afford to wait for your money.

Direct deposit is a godsend and I love having it. Makes life soooo much easier.
Will you be getting direct deposit for the rest of your checks?
Feb. 1st, 2006 05:10 pm (UTC)
I won't get direct deposit until sometime next month or so... it takes them a while to make it happen.
Feb. 2nd, 2006 12:37 am (UTC)
I've never liked the idea of ATM banking. I just don't trust it. What if your check mysteriously vanished? You can't prove anything. I hate going to the bank in general. But if I have to deposit something, best believe I will go to the teller.
( 10 comments — Leave a comment )


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