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

"Goggles Pizzano" (gogglespizzano) 04/24/2020 at 18:16 • Filed to: None

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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.

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”.

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.

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.

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.

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

CarsofFortLangley - Oppo Forever > Goggles Pizzano 04/24/2020 at 18:18

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Which bank?

Vancity? 

Goggles Pizzano > CarsofFortLangley - Oppo Forever 04/24/2020 at 18:20

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I’d like to say but can’t.

OPPOsaurus WRX > Goggles Pizzano 04/24/2020 at 18:20

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Yea sometimes u need to make you trouble just as annoying to the person who is supposed to fix it as it is to you. Go be loud.

I’ve been drinking. This may not be good advice, but it may be good 

XJDano > Goggles Pizzano 04/24/2020 at 18:20

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If this was your fault you’d be sure they’d be charging you!! 

Goggles Pizzano > XJDano 04/24/2020 at 18:22

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Pretty safe to say they made money with my money.

Goggles Pizzano > OPPOsaurus WRX 04/24/2020 at 18:23

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I’m gonna get it d one. Thinking of it more like surgery than demolition.

Textured Soy Protein > Goggles Pizzano 04/24/2020 at 18:25

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I’m puzzled as to why you did this at an ATM rather than the bank’s website. Not that it excuses the glitch but...why bother going to the ATM at all and not just use the website?

CarsofFortLangley - Oppo Forever > Goggles Pizzano 04/24/2020 at 18:25

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gotcha.  I wonder if they can’t just reverse the transaction?  I made a big oops one time and they did that for me.

ClassicDatsunDebate > Goggles Pizzano 04/24/2020 at 18:32

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I’ve always found that the best way to take care of something like this is not to go into the branch but to phone the 800 number because they are being monitored for efficacy PLUS they have multiple layers of supervisors that they can elevate it to . Explain the situation one level headed person to another . My bank has always run any issue I’ve had to ground and never just shrugged.

Goggles Pizzano > CarsofFortLangley - Oppo Forever 04/24/2020 at 18:39

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I gotta say my bank’ s been pretty good. Some years a go I botched something with my credit ca rd and the bank even stepped in to work o n my behalf.

I hope it’s simple but so funky I’m concerned. If I wanted to have my limit changed it would be a whole rigmarole and how that’s connected to transferring money is beyond me.

It’s the timi ng too...

Goggles Pizzano > ClassicDatsunDebate 04/24/2020 at 18:41

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We’ll see what Monday brings. :-)x

SBA Thanks You For All The Fish > Goggles Pizzano 04/24/2020 at 18:42

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Fuck the banks.

That is all.

Goggles Pizzano > SBA Thanks You For All The Fish 04/24/2020 at 18:43

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SBA Thanks You For All The Fish > Goggles Pizzano 04/24/2020 at 18:47

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Credit standards are also being cranked in by the hour.

I’m going to at least suggest that they are going to treat this as “their windfall” as they “adjust in realtime” their agreement with you on the line.

And, yeah, fuck these guys we bailed out 10 years ago.

Cash is king today, so please don’t forget that. Preserve your cash at all costs.

And, yeah, fuck the banks.  We should have nationalized these assholes 10 years ago.

Future next gen S2000 owner > Goggles Pizzano 04/24/2020 at 18:49

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The it takes time is such bull. I can video conference a person on a separate conference but you can’t update a system overnight? Nothing, no transaction, no deposit, no check, nothing should take more than one day. All this is automated.

Future next gen S2000 owner > OPPOsaurus WRX 04/24/2020 at 18:50

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Goggles Pizzano > Future next gen S2000 owner 04/24/2020 at 18:53

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No offence to tellers especially in these times . I thanked her profusely for the help and totally appreciate her just being there. Really.

At the same time, if it’s anything even out of the ordinary in the slightest way they’re only trained to do what they’re trained to do. They are the front line.

JawzX2, Boost Addict. 1.6t, 2.7tt, 4.2t > Goggles Pizzano 04/24/2020 at 19:07

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A reminder: poor people have to PAY for banking services, rich people get it for free. In these times my local checking account has fallen down below the maintenance ballance of $250. As a result I’m being charged a $25 dollar monthly account maintenance fee. It has been so long since my account has been that low that I forgot how much banks like to fuck [poor] people.

I say this as someone who has benefited massively from investment monies and having enough money to buy more money: If you are OK with how the USA treats poor people (and allows them to be treated) then you are a greedy, im mo ral,  unchristian, sack of shit.

NKato > SBA Thanks You For All The Fish 04/24/2020 at 19:17

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JP Morgan turned out to have been hugely irresponsible with the SBA loans. Bloomberg did a piece on it, and like...only 10% of the loans they serviced were for actual small businesses. The lion’s share of their clients were NOT small businesses, but used a loophole in the law...

fintail > Goggles Pizzano 04/24/2020 at 19:34

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He who has the gold makes the rules.  Good luck with that legal action, I hope the money is in the correct place soon - it will be a lot easier and likely more fruitful.

Goggles Pizzano > fintail 04/24/2020 at 19:37

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Hopefully it won’t come to it.

horizonsofkhaos > Goggles Pizzano 04/24/2020 at 20:01

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Have you considered transferring your money into something other than a bank ? Something like a hash driveway perhaps...

SBA Thanks You For All The Fish > NKato 04/24/2020 at 20:10

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Too many loopholes exploited by cage-y banking attorneys.

Longtime Lurker > Goggles Pizzano 04/24/2020 at 21:34

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This was a few years ago but I was transferring money from 1 bank to another depending on which had the higher interest rate. I had done this many times before with smaller amounts of money, couple days no problem. But this time I was transferring over $10k and it took a 2 weeks to show in the second account. I think it triggered the anti money laundering protocols at the bank.