What to do if my bank is on a problem list?


Posted July 17th, 2010 by admin 3 Comments »
bank problem
atomic_daredevil asked:


The bank I currently do my checking at is on a problem list. What happens to my money if the federal reserve closes it down? Should I take my money out now? Also my mortgage is with this bank what happens to it?

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Posted in Other - Business & Finance | 3 Comments »

How can one bank continue to hold funds when evidence shows a check has cleared the bank it’s written on?


Posted December 28th, 2009 by admin 2 Comments »
bank
iammajella asked:


Isn’t this double dipping? The bank doing the hold gets interest on deposited funds. They collect interest on my funds while I cannot use my funds because of their continuing hold of 5 business days. Report them to the Federal Reserve Bank and let’s stop them.

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Posted in Credit | 2 Comments »