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| *Loan,banking and credit>>>bank checks |
Why is is that Bank of America ATMS posts checks immediately but teller deposits don't? |
It seems like it would be the other way around. Its very frustrating to me, I'm just curious if anyone knows why this is. As a cardholder the Bank trust you to a certain extent (usually upto $500.00 or more if you have a bunch of funds with them). When you deposit electronically, the bank basically gives you an advance trusting that the information you provided was "true". If you deposit a 2500.00 check, only 500.00 of it will show up immediately and the rest will show up when the check actually clears. Ironically this is still faster at times then a manual deposit which gets deposited later in the day and still requires the check to clear. I would stick with the ATM deposits, it is certainly faster and more covenient. Because teller work goes into a pile and all gets processed at once. ATM is linked to their banking softwere and posts immediatly. It is important to remember that when the close out the machine and get all the envelopes out if they open the envelope and it is a large dollar check or out of state or anything that Reg CC says they can put a hold on they can and will do that...even if it has already shown in the account. Bank Teller |
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