it’s MY money!
I was really looking forward to my first paycheck last Friday, and I actually took time out of my lunch to go pick it up and deposit it.
I didn’t realize until I got home and was doing some online banking that my paycheck was placed on hold for an entire week. Only $100 of the amount of the check was released to me. I was furious! What if I hadn’t had any money except the value of that check? It would have been one thing if it was held for two or maybe even three days, but a week?!? Seven days?!? Five banking days!?! What the??? If I had known they’d keep my money from me for an entire week, I wouldn’t have deposited the check.
When I called my credit union, they said it was because the check was drawn on a bank that isn’t local, and because my employer isn’t on some list they have. She also said I deposited it too late to go through processing on Friday (she assumed if I did it after 2:00, and when I told her I was walking away from the CU by 1:30, she said, "Oh, well you were still too late." I have half a mind to take my business somewhere else, but you know what? I’m tired. I am absolutely sick and tired of hopping from bank to bank because of bad customer service, or stupid fees, or asinine policies. I don’t know where else to go, and every place has its drawbacks.
Plus, my direct deposit should go through by the time my next paycheck would be given to me. So in the meantime, I’m not exceeding the limit that’s been imposed on me by the credit union. That means paying my car note the day it’s due. That also means paying my share of the household expenses later than I wanted to. If I hadn’t checked my account, I wouldn’t have even known about the length of the hold, and I would have spent the money by now. I’ve calmed down some since payday, but I’m still annoyed by the principle of the whole thing. It’s my money, after all.
