It's not "stupid"... It's BANK POLICY. Find ANY REASON to hold money, 40 here, 50 there, 200 or 300 from someone else and it all adds up! Get about a thousand accounts at an average of $20 and VIOLA'; you have $20,000 socked away for a couple of weeks. Just WHO gets the INTEREST on that "HELD MONEY"? Now guess who that is... Not you, not me... By golly, it's the bank of course. Hey FREE MONEY for the bank to use for weeks and they don't have to pay taxes or interest. See who wins??? One GOOD thing in Paypals favor, they don't RAPE people like most other large banks by slamming accounts and illegally changing the figures to cause checks to bounce like Bank of America does. I went online and verified six checks had cleared in the night postings. The next morning, Bank of America went in the account and removed the deposit, reprocessed the checks and then resumitted the deposit AFTER the bounced the checks so they could STEAL $180 in bounched check charges. Whe we questioned it, the bank showed us in writing where they have the RIGHT to change from SOFT posting (in the customers favor) to HARD posting (in the banks favor). They actually have it in writing that the bank reserves the RIGHT to commit FRAUD and THEFT, only they hid it under slight if hand and legal lies.
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