Ugh... another banking issue.
Yesterday, I deposited BF's paycheck and my two survey checks on my lunch break. The teller gave me the little confirmation sheet that shows the amount deposited, and says "available next business day" or whatever.
I balanced our checkbook last night, and checked to see if there were any bills that we needed to pay right away. I figured out that we were pretty much paid up, but since we had some "extra" money, I'd go ahead and pay the extra $100 on my Discover card that I had budgeted, and put $50 in our Orange savings.
The balance of the checking account last night was around $680, with two "pending" transactions totalling about $50. I figured we were in a pretty good position, because the deposit would post to the account this morning, in time for the rent check to clear, and then my paycheck will be direct deposited tomorrow (Friday).
So I'm feeling pretty good about paying extra towards the credit card and adding to the savings, when I check the account this morning. (I was actually synching the account up to the website SoCal had mentioned in her blog.) As soon as I saw "overdraft fee", my stomach flipped.
Right now, the deposit still hasn't posted, and neither have the two pending transactions that were there last night... but the rent check has magically gone straight through, along with the subsequent overdraft fee of $35.
I don't understand:
1) Why the deposit I made yesterday wasn't deposited today.
2) Why the rent check hadn't even shown as a pending transaction last night, and is suddenly listed on my account as clearing on the 6th (yesterday!).
And I've had to cancel the transfers I was planning for the credit card and savings account, thank goodness I hadn't made them for today.
The customer service person at the branch said that if you make a deposit after 2PM, it counts as the next business day. So, according to that, the deposit I handed to the cashier on Wednesday at 2PM, won't be available for me until Friday at 9AM. But apparently a check that isn't even "pending" on Wednesday night will be cleared from your account at midnight of that night.
I'm just about sick of the online banking with this company. You can never tell when something has cleared, is in pending, or what amount is being held in pending. Back when I had the confusion with buying the pup's new crate, they held $400 in my account, for no purchases. Simply because I had entered my debit card number on the website, but then backed out of it and decided to buy somewhere else.
The girl I talked to earlier didn't even take my account number, but told me that they wouldn't take the charge off unless it was a banking error. I asked for a relationship banker to call me, and then she took my acct # and telephone number. It has been about an hour, so hopefully I'll get to talk to someone soon.
Now I'm just afraid that there are more debit card purchases that I thought were cleared, that will come in for $35 fees a piece today. And there's nothing I can do about it, because the money is already deposited, it just won't be in my account until tomorrow.
I've been thinking about it, and it just doesn't make sense that it should take two whole days to deposit a PAYCHECK to one of the accountholders, from a major employer. If I had gone in this afternoon with the check, gotten it cashed at one teller, then walked to the other teller and deposited it, it would have posted immediately. But because I deposited the check itself, it's going to take two days?
So there's my drama for today. Having to deal with it put me in a sour mood before BF even left for work, and now he won't be back until 10:30 tonight. Grrr.
Ugh... another banking issue.