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ZSMICHAEL
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used to use bill pay. But they get the float from when they take out the funds from your account until it gets received by the other party. They only send out a physical check if the other party does not have an online account.
^^^^^^^^^^^^^^
Probably a moot point, but they tried that with me. I complained and they no longer get the float. They are really banksters.
 
Posts: 17701 | Location: Stuck at home | Registered: January 02, 2015Reply With QuoteReport This Post
Bytes
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quote:
Originally posted by ZSMICHAEL:
quote:
At the ripe old age of 47, not only do I continue to write checks for many things, but my company uses checks exclusively. I don't even print them out.....all written by hand.

^^^^^^^^^^^^^
I write four checks a year. The Lawn Guys check was pilfered out of my home mailbox. Took me eight hours to straighten that out. Got my 65 bucks back in 5 months. Filled out endless forms at the bank. Turns out a crimnal employed groups of homeless people to pilfer mailboxes and bring them to him. He would then wash the check. No matter how much money you have in the bank or how long you have banked there it is a problem. One of the idiots suggested I just open a new account. I brought the branch manager over to discuss that. Since there are numerous ACHs per month it would be a nightmare. She agreed with me.


I can't guarantee it but I'm pretty sure if your check would have been a significant amount of money this would have received a bit more attention. It wasn't an idiotic suggestion to change your bank account. A pain in the ass depending on the your ACH transactions (another topic entirely) but not stupid at all. If you missed an ACH payment they'll let you know. Bank account numbers are not like phone numbers. Would you get a new Visa/MC/AmEx number if one of those cards got hacked?
 
Posts: 7783 | Registered: October 31, 2008Reply With QuoteReport This Post
ZSMICHAEL
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I have a business. I get at least 40 different ACH deposits per month. Additonally automatic bill payments are about thirty different concerns. No problems for five years when it occurred. You do have a point, but I am going with the branch manager and his suggestion. You can only be so paranoid.
Yeah if you miss a ACH payment they let you know with a hefty fee. ACH deposits are an entirely different animal.
 
Posts: 17701 | Location: Stuck at home | Registered: January 02, 2015Reply With QuoteReport This Post
Bytes
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quote:
Originally posted by ZSMICHAEL:
I have a business. I get at least 40 different ACH deposits per month. Additonally automatic bill payments are about thirty different concerns. No problems for five years when it occurred. You do have a point, but I am going with the branch manager and his suggestion. You can only be so paranoid.
Yeah if you miss a ACH payment they let you know with a hefty fee. ACH deposits are an entirely different animal.


I've been introduced the ACH software. The latest software I was just in charge of and recently released handles about 10k (very tiny amount FYI) transactions per day. You and your branch manager are far more qualified to make your financial call than I am. I am looking from a 100,000 foot IT/Vendor side of the equation. Sorry if I came across as condescending.
 
Posts: 7783 | Registered: October 31, 2008Reply With QuoteReport This Post
ZSMICHAEL
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^^^^^^^^^^^^^
Thank you the kind remark.
 
Posts: 17701 | Location: Stuck at home | Registered: January 02, 2015Reply With QuoteReport This Post
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