XPost: alt.fan.states.oklahoma, talk.politics.guns, talk.politics.misc   
   XPost: alt.fan.rush-limbaugh   
   From: chase.bank.fraud@jan6.org   
      
   On 28 Feb 2022, Lefty Lundquist  posted some   
   news:svjm91$4q3$2@dont-email.me:   
      
   > Chase Bank does not care about you at all once they have your money.   
      
   Nothing quite stirs a small business owner’s financial anxiety like   
   money vanishing into thin air.   
      
   Just ask Carla Garling — a physical therapist with a private practice in   
   Norman, Oklahoma — who says her $13,500 check deposit failed to show up   
   in her Chase bank account in January, leaving her scrambling to pay her   
   employees and bills.   
      
   “I’m trying to be patient, I’m trying to be kind about it, but I’ve got   
   bills to pay,” she told KFOR Oklahoma’s News 4, who stepped in to   
   investigate the missing cash. “For a small business like mine, it can be   
   detrimental really quickly.”   
      
   Bank staff allegedly told Garling they didn’t know if or when the money   
   would land in her account — even though she had a deposit slip showing   
   proof of the transaction.   
      
   When News 4 stepped in on her behalf, it got the ball rolling and the   
   bank promised to credit Garland’s account and post her money that same   
   week.   
      
   “I just appreciate you all coming out and giving me a hand,” she said.   
   “Us small guys need some help.”   
      
   Here’s how bank deposits should work and what you can do if your money   
   doesn’t materialize in your account.   
      
   How bank deposits (normally) work   
   Under the federal Regulation CC, banks and credit unions are legally   
   required to make your deposited funds available within a specific time   
   frame — but it’s not always a perfect science, as Garland’s experience   
   indicates.   
      
   Generally, if you deposit cash or checks for $200 or less in person to a   
   bank employee, you should be able to access the full amount the next   
   business day, according to the Consumer Finance Protection Bureau. If   
   you deposit funds over $200, you should be able to access $200 the next   
   business day, and the rest of the money the second business day. If you   
   deposit your funds through an ATM at your bank, you should be able to   
   withdraw or use that money on the second business day.   
      
   Sometimes banks or credit unions may make your money available quicker   
   than the law requires — especially if they’re hyper-focused on customer   
   service — and some may do so for an extra fee. If you’re not sure when   
   to expect your funds, you can ask your bank or credit union for their   
   deposit policy.   
      
   Remember, different banks may have different cut-off times for what they   
   consider to be the end of the business day. If you make your deposit   
   after the cut-off time, your bank could treat your deposit as if you   
   made it the next business day.   
      
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   When banks are allowed to delay funds availability   
   Under certain circumstances, Regulation CC does allow financial   
   institutions to delay the availability of funds for a “reasonable period   
   of time.”   
      
   A “reasonable” time period is generally defined as one additional   
   business day (making a total of two business days) for checks, and five   
   additional business days (total of seven) for nonlocal checks — these   
   are checks deposited in a different check processing region than the   
   paying bank.   
      
   That delay may occur if:   
      
   You make a deposit over $5,000   
      
   Your account has been overdrawn too many times in the past six months   
      
   You made the deposit at an ATM owned by someone other than your bank or   
   credit union   
      
   Your bank or credit union has cause to doubt the collectability of your   
   check (e.g. if the check is dated more than six months earlier)   
      
   You or your bank redeposit a check that has been returned unpaid.   
      
   Chase did not confirm the cause of the delay in Garland’s case.   
      
   What you can do if a problem arises   
   Garland’s stressful encounter serves as a reminder to always keep your   
   deposit slips until your money has landed in your account.   
      
   If your money is delayed, you should contact your bank and use this   
   deposit receipt as proof of your transaction. If your slip contains an   
   error or the associated amount of cash or checks don’t match, banks have   
   policies and procedures in place to reconcile any discrepancies.   
      
   In the circumstance that your bank does not honor your deposit receipt   
   or check evidence, you may need to seek legal assistance to resolve the   
   issue, according to HelpWithMyBank, an official website of the U.S.   
   government.   
      
   Sometimes, deposit problems are caused by external factors. Late last   
   year, multiple U.S. banks were hit by deposit delays after an error at a   
   payment processing network.   
      
   At the time, Bank of America told its customers: “Your accounts remain   
   secure, and your balance will be updated as soon as the deposit is   
   received. You do not need to take any action.”   
      
   In instances such as these, follow the instructions of your bank — but   
   still keep hold of your deposit receipt or check information in case you   
   need to contest any issues with your bank in the future.   
      
   https://finance.yahoo.com/news/us-small-guys-help-oklahoma-131300351.html   
      
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