Captain
Final Approach
Okay. So I have gotten paid every payday. But,
I am cut an actual paycheck. Piece of paper type. The first one I deposited on payday Friday and my bank (Bank of America) didn't release the funds to me until the following Thursday citing that this issuer has had a history of bounced checks.
So, the next payday I take the check to their bank to cash. I'm there for 45 minutes while they phaf about on the phone. I hear them say 'Insufficient funds' from behind the glass. Eventually the money gets transferred and I get paid. 45 minutes waiting.
Now it's been 3 paydays in a row. I've always walked out with my cash...but have always been rejected at the window stating 'insufficient funds'. Then calls get made and money is transferred and I get paid.
I'm told by my company that they keep the money in an interest bearing account until it's needed. My point is that the second they write the check it's 'needed'. But payday after payday nothing changes and I walk in and get news of a bounced check. My chief pilot scheduled an appointment for me with a guy in accounting to work this out. I blew it off as I can't see me being non-irate telling an accounting puke the simple rule that 'when you write a check you HAVE to have the money available on THAT account'. Seems too elementary for me, a stupid pilot, to explain to him. I'm sure it would end up in me screaming at him or worse.
Aren't there laws requiring you to have funds available on the account that you write a check on? Can I charge them some sort of bounced check fee to cover my time at the bank while calls are made and funds transferred?
What say you...the smart masses? Thanks.
Captain.
I am cut an actual paycheck. Piece of paper type. The first one I deposited on payday Friday and my bank (Bank of America) didn't release the funds to me until the following Thursday citing that this issuer has had a history of bounced checks.
So, the next payday I take the check to their bank to cash. I'm there for 45 minutes while they phaf about on the phone. I hear them say 'Insufficient funds' from behind the glass. Eventually the money gets transferred and I get paid. 45 minutes waiting.
Now it's been 3 paydays in a row. I've always walked out with my cash...but have always been rejected at the window stating 'insufficient funds'. Then calls get made and money is transferred and I get paid.
I'm told by my company that they keep the money in an interest bearing account until it's needed. My point is that the second they write the check it's 'needed'. But payday after payday nothing changes and I walk in and get news of a bounced check. My chief pilot scheduled an appointment for me with a guy in accounting to work this out. I blew it off as I can't see me being non-irate telling an accounting puke the simple rule that 'when you write a check you HAVE to have the money available on THAT account'. Seems too elementary for me, a stupid pilot, to explain to him. I'm sure it would end up in me screaming at him or worse.
Aren't there laws requiring you to have funds available on the account that you write a check on? Can I charge them some sort of bounced check fee to cover my time at the bank while calls are made and funds transferred?
What say you...the smart masses? Thanks.
Captain.
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