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re: Why does it take retailers days to credit you back when you return an item?

Posted on 12/2/14 at 12:23 pm to
Posted by 777Tiger
Member since Mar 2011
73856 posts
Posted on 12/2/14 at 12:23 pm to
quote:

why the frick does it take so long for a bank to get a check you deposit to credit your account EVEN when the check is drawn on the same bank?


since deregulation, banks are as sleazy as some of the traditional longstanding sleazy businesses, they do hang on to your money because they can make money with it even in as little as a 24 hr. period, but the new sleazy excuse is to blame it on the Patriot act and hold relatively small checks for up to ten days after deposited into your account, my bank tells me anything over $1100, regardless of the type of check is subject to this
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 12/2/14 at 1:05 pm to
So now that all of the paranoid idiots have taken to their pulpits...

It takes a couple of days for the retailer to get their money as well. They mark it on your account immediately as a pending transaction and then it goes through a few days later.

Bank haters are the worst informed group of people I've ever seen. They probably have house parties with Michael brown supporters.
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