Ken
Randolph,#2Consumer Comment
Mon, July 07, 2008
I understand your frustration, but even if you had deposited before the cutoff time, the check still has to clear... unless it was drawn on Regions bank. And beyond that, if the bank processes debits before credits, you'd still have been overdrawn. Debit cards don't work like checks, in as much as you don't get the float which allows your deposit to process before the bedit gets to the bank. I agree with your choice to find a bank (better yet, a credit union) with which you'd be more comfortable, but you are likely to hit this same problem anywhere if you draw against uncollected deposits.