Anon.
Jackson,#2Consumer Suggestion
Sun, August 19, 2012
Yeah, I know, the new law was supposed to stop that crap. Now checks drawn on the U.S. Government clear in one day, checks on area banks two days, out-of-state seven days, and other up to ten days (and those are banking days). It was a lot longer, with some banks taking as long as a week to clear checks on local banks.
Wells, Fargo is a bad bank, with bad management, and a big real estate portfolio, and they took TARP bailout money. If I were you, I would move my account to either a community bank or a credit union.
Ace
Salinas,#3UPDATE Employee
Wed, September 10, 2008
It's hard to say what happened. There is a difference between available balance and total balance. I can't see your account so I can't tell you exactly why the check was put on hold. Either the teller put it on hold when you deposited. Sometimes the back shop will put hold on items. Usually it goes under an uncollected funds hold. Sometimes if you deposit through the ATM and the check is not made out to you the check will be reversed and the check will be mailed back to you. Sometimes if it's not signed they will return the check to you, but usually that's only for state and federal checks.
Ken
Randolph,#4Consumer Comment
Mon, August 11, 2008
Go into your branch and ask to see the manager. Ask the manager if the problem was caused by an 'extended hold'. If it was, tell him that you were never informed of an extended hold. By law, the bank has to notify you in writing if your deposit will not be subject to the normal funds availability policy. If they did not provide you with a written notice, then *politely* point out to them that they will need to back off all the charges and make you whole.