Jim
Anaheim,#2Consumer Comment
Wed, July 15, 2009
Tim, nothing you said makes sense. Let me break this down for you: 1. Banks don't hold transactions unless they're required to under Federal law. In your case, your large checks are being held from being fully available because the bank must under Federal Law. See Regulation CC for more details. 2. If you're incurring overdrafts, it's because the money AVAILABLE is negative; your account balance can remain positive and still incur overdrafts. 3. There is nothing Obama or his administration can do about it, and Congress will do nothing about it.