Midpack
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We don't need the money quickly, but I was a little surprised when depositing a large Cashiers Check (6 figures) from another bank yesterday WRT availability of funds. The full amount won't be available for 12 days That seems unnecessarily long? I might understand a personal check or if we'd ever had account issues, but for a Cashiers Check from a Bank?
11/16 Deposit (afternoon)
11/19 $200
11/20 $4800
11/28 $xxx,xxx.xx
I guess it works out to 6 business days with a late day deposit, weekends and a holiday. Bad timing on our part.
I had to talk to an actual banker with a big cushy office to make the deposit and discuss a subsequent wire transfer. I've used the banks online customer portal for years (to transfer dividends out, view transactions), and it was clear she didn't know ANYTHING about their customer online portal. She had to call someone to answer my online service questions.
They won't be our bank much longer so not worth a fuss, I was just surprised at how backward smaller local banks can be. Large amounts clear much faster at global banks, brokerages, even online banks...
11/16 Deposit (afternoon)
11/19 $200
11/20 $4800
11/28 $xxx,xxx.xx
I guess it works out to 6 business days with a late day deposit, weekends and a holiday. Bad timing on our part.
I had to talk to an actual banker with a big cushy office to make the deposit and discuss a subsequent wire transfer. I've used the banks online customer portal for years (to transfer dividends out, view transactions), and it was clear she didn't know ANYTHING about their customer online portal. She had to call someone to answer my online service questions.
They won't be our bank much longer so not worth a fuss, I was just surprised at how backward smaller local banks can be. Large amounts clear much faster at global banks, brokerages, even online banks...
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