Voiceoftruth
phoenix,#2General Comment
Mon, October 12, 2009
The 2 day ATM hold is in Desert School's Terms and Conditions and allows the first $100 of the deposit to be released via the Government Regulation D. This hold prevents against fraud of people putting an empty envelope in to the atm and keying in an amount, then withdrawing that amount and later, the envelope is found to have nothing in it. So, thank you neighbors for commiting fraud and causing them to adopt policies to protect against it. To say that they can prosecute people for doing fraud such as this is laughable. People commit fraud every day on checking accounts and prosecution of these criminals is a long and arduous journey. The repayment of any monies owed, is even worse, and almost impossible. There are a lot of people that rip off financial institutions, and for that, there are rules, such as check holds, to help limit the damage of these rip offs.