Not Usually One To Air My Financial Dirty Laundry [Rant]

If this happened two months ago I probably wouldn’t post but given the financial climate, someone else going through the same thing isn’t out of the question.

Last Wednesday at my bank’s ATM I transferred a not insignificant amount (like, no kidding) from a savings account to a line of credit. The receipt verified it had moved but didn’t give me the balances of either.

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Four days later I checked and the money had left my savings but my line of credit showed no change in balance. I thought it strange to have a hold only on the money arriving and not departing but I’m no expert on holds. I decided to give it a little more time.

Yesterday I checked again and there was still no change. Off to a branch with people to get it cleared up. The teller printed a summary and pointed out the money had moved it just wasn’t reflected in the balance. I was told reassuringly it’s just something with the system. “Sometimes it takes some time.” I had to intervene and remind it had been 8 days. It looked like she had trouble swallowing that one but told me “It’s okay”.

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I had something unrelated I could do at the machine while I gave it some thought. I looked down at the printout and saw my limit was higher, much higher than it should be. Higher by as much as I moved over.

Illustration for article titled Not Usually One To Air My Financial Dirty Laundry [Rant]
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I went to an office to explain the situation. The banker did some digging but came up empty handed. He went to the back where I saw him work with another employee. They couldn’t sort it. I asked for a card and was told not to call, only email due to the transfers of staff between branches.

It’s Friday and I’m going to send him an email. A nice calm nudge that I’d like to have this cleared up as soon as possible. Monday would be great. Keepin’ my cool.

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At the same time Mr. Banker, if you’re reading this now you may not be aware a clock has already started ticking. I’ll contact my lawyer on Wednesday.

My bank has had access to, and the ability to use my money for 8 days (12 days by Monday) while I haven’t. My bank, the one I pay, has denied me access to my money and given me the opportunity to create debt with them in exchange. Was it a very strange offer or a very strange mistake? Either way it was a big mistake.

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Don’t fuck with my money on a good day.

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