Dear Sir,
I am writing to thank you for bouncing my check with which I endeavored to pay my plumber last month. By my calculations, three nanoseconds must have elapsed between his depositing the check and the arrival in my account of the funds needed to honor it. I refer, of course, to the automatic monthly transfer of funds from my modest savings account, an arrangement which, I admit, has been in place for only 31 years. You are to be commended for seizing that brief window of opportunity, and also for debiting my account $30 by way of penalty for the inconvenience caused to your bank.
My thankfulness springs from the manner in which this incident has caused me to rethink my errant financial ways. I noticed that whereas I personally attend to your telephone calls and letters, when I try to contact you, I am confronted by the impersonal, overcharging, pre-recorded, faceless entity which your bank has recently become. From now on, I, like you, choose only to deal with a flesh-and-blood person. My mortgage and loan repayments will therefore and hereafter no longer be automatic, but will arrive at your bank, by check, addressed personally and confidentially to an employee at your bank whom you must nominate. Be aware that it is an offense under the Postal Act for any other person to open such an envelope.
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12 comments:
Can u say PNC
Another example of why you don't write checks until the money is in the bank.
She's quite intellectual for a deadbeat.
I agree she knew there was a chance the funds would not be there when needed. I never understood why people cross their fingers and hope for the best when writing a check.
what part of transferring funds to you hayseeds not understand?... probably people with no savings accounts
10:03AM & 10:31AM you're the ones that the rest of us can live without.
@11:53 or you can just make the transfer yourself the previous night so that you do not have to worry about Over Drafting your account. Also there is no way, shape, or form that a bank would allow you to address a payment directly to one individual. Say that individual is on vacation, guess your mortgage is going to be late until they return. Then you will be complaining about that. Banks pay debits before they take credits, although it is a tough situation, it is the situation no the less. So in short, KEEP TRACK OF YOUR OWN FINANCES AND YOU DO NOT HAVE TO WORRY ABOUT THE BANK "Causing you to over draft."
It is always great to hear someone say "Oh well I had the money in another account". How about this genius, pay them out of your other account and you won't have to worry about it...
1:13 stop spinning and lecturing ..she transferred her own assets ... banks are parasites who have been legislated silly and are no longer allowed to make money the old fashioned way by financing ideas with loans. She responded very cleverly the Law is for all of us.. not just parasites
@1:25 you obviously can't read! The story exactly said, I refer, of course, to the automatic monthly transfer of funds from my modest savings account, an arrangement which, I admit, has been in place for only 31 years." AUTOMATIC MONTHLY TRANSFERS are set up for the same time every month! She did nothing, except write a check off an account that did not have the correct funds in it!
3:07 you obviously know what time this Lady's transfer went through better than she did.. People that use plumbers don't pay for services to their homes on rubber checks... that is against the law. Would you call a Plumber if you did not possess the funds to make the check good?.. You just support the practices of Banks without knowing the timing of the transfer ..she knew was coming which made the check good... what does that make you?-- it doesn't make her a miscreant or should make her a target of your own compensating for something you are short on. Her response was within the law and spot on
Banks most certainly still make their money off loans...
Also it has nothing to do with her loan, it has everything to do with her knowing the transfer needed to be completed prior to the funds being good for the check. You either A) don't write the check until the next day or B) Transfer the money yourself before you write the check. Most people chose C) blame the bank for not wiping my butt since I can't handle an account myself.
For everyone that has been charged $35 dollars (or more!), by the bank AND the retailer, for an NSF check, you'll be surprised to know that the banks, when they return a check to a retailer for nonsufficient funds, charges the retailer.....wait for it......FIVE DOLLARS.
That's right. Five dollars.
So, retailers can't raise the minimum wage or they will go bankrupt and their children will starve, but have no problem at all with a 700% markup on an administrative fee.
And no, I don't write bad checks. Further, there are a few OTHER reasons for an NSF check other than "deadbeat". So, chill out with your holier-than-thou lecturing.
That might be the reason banks in the USA posted BILLIONS of dollars in FEES last year alone. And EVERY year.
Remember that. Five dollars.
And PLEASE, don't start with the "time and money" thing. It takes less than 60 seconds to post an NSF check against your receivables.
Most retailers (and anyone else who takes a check) merely send the check back through and it clears the second time, so PLEASE don't start with the "we go broke taking checks".
Sounds too much like the "we'd go broke paying a wage that would let my employees buy food this week".
Writing an NSF check is not anything I'm trying to justify. Just pointing out what a huge profit line it is for banks and retailers, who, if you ask THEM, are "just trying to squeeze a dollar" out of a "barely making a profit" enterprise. Right.
That's why they all drive a Benz, or the latest Harley, and their kids buy a house you and I would never be able to afford (because we actually WORKED for what we have). Because they are "barely making it".
AND, don't try to defend banks, who are, EVERY YEAR, fined BILLIONS of dollars for scamming, cheating, misrepresenting, fraud, stealing from, and overcharging their CUSTOMERS. Their customers, for God's sake! That's the bank's idea of "loyalty" and integrity.
Keep cheering.
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