On 9/28/2011 6:58 PM, Tracy Pearson wrote: > "Michael J. Babcock, MCP"<[email protected]> wrote: > >> Just ranting, but this is somewhat technical in nature so hence the NF. >> >> A bank claims they haven't received payment. The entity responsible >> for >> sending the payment says it was dispersed on 9/22, but that it could >> take 7-10 BUSINESS DAYS to post. WTF is that all about?!?! It's a >> freaking electronic transaction!?!?!!!!!! Isn't that supposed to be >> nearly REAL TIME?!?!?!!??!!!!!?????? >> >> Grrrr..... > > If the sender uses a clearing house that has never posted to the end > location, confirmation has to be made. The type of transaction could also > keep it in the not available status due to stop payment action. Another > possible reason is a physical check was cut and mailed. >
No, it's a repeated monthly payment, so nothing new about it. The entity told me that the new banking regulations allowed the banks to hold them longer. Sounds like the banks rebelling against Obama's new regulations against them and trying to sap as many pennies as they can out of the process (via interest, etc.). I'll bet they get the payment, suck off some interest, then credit the payment. Sounds shady and maybe it doesn't happen, but I wouldn't put it past them. _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[email protected] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
