signed, has been through this before and didn't get one red cent back because Federal Law hasn't caught up with the effing internets.
OFAC and the USA PATRIOT Act also have a provision that banks must check out any suspicious activity, and excessive transferring between accounts is one of the big red flags. Nevermind that it's between well-established accounts, it still has to be checked out. So, naturally, the banks are passing the cost on to the customer as well as penalizing said customer in a bid to avert further transferring.
Signed, just went through KYC/OFAC/BSA training.
HATE BANKS WANT TO GO BACK TO ONLY DEALING IN CASH.
HATE BANKS WANT TO GO BACK TO ONLY DEALING IN CASH.
I'm with ya, sister. I'm ready to make up a fake bank card, and attach a sticky to it, that has a fake password on it, so when the thieves break in, they'll take it, and not check under the mattress, where I will keep all my real money. The whole three dollars. I'm reckless.
I did the cash only thing for about a year when I first moved to New Orleans. On the one hand, sticking to a budget was easy. On the other, had to buy a lot of money orders and instant gratification was pretty much nonexistent.
New pics of the bebe- she's getting ginormous!
Speaking of babies, has anyone seen the baby name wizard? [link] It shows how popular names have been over the past 100 years. Kind of addictive.
meaning at the ATM or in person at the bank, anything over 6 transactions gets charged.
Bleh. Also, is that per MONTH? or some vague timeframe? Because at least if the month turns over tomorrow I can make more transfers without the extra $5 added (and I really need that extra $5 until the 8th).
OFAC and the USA PATRIOT Act also have a provision that banks must check out any suspicious activity, and excessive transferring between accounts is one of the big red flags.
Oh, yeah, I'm sending my $11.07 to the terrorists. *sigh*
Lovely day indicates a trip to the park today. No matter how dumpy I look in shorts.
Bleh. Also, is that per MONTH? or some vague timeframe?
Cashmere, is that a money market account? Those are limited to 6 transactions per month/statement cycle, of which no more than 3 can be checks (in-person and ATM transactions don't count toward the 6). The bank has to take steps to make sure there aren't more than 6 transactions per month, usually by sending you a nastygram or not completing transactions if you go over the limit. And if you repeatedly go over the limit, the bank has to convert the account to a transaction account (i.e., checking account).
It's a complicated mess that is related to reserves that commercial banks have to hold against their deposits -- but I won't bore you with further discussion of that.
I need to try to not be irritated with my best friend. Three times this weekend we made plans. The first time we were going to grab a beer when he got out of work (his idea). When I called, he said "Sure, just let me call (girlfriend)." When he called back, he said he'd take a raincheck. Second night, I decided not to wait for them and went out with my roomie instead, which was fortunate, as they never called. Sunday night, they said to meet them at the bar for the Sox game. After things died down with my family, I thought a beer sounded not bad, so I said ok. When I got there, they weren't there. I called and he said they'd changed their minds.
I'm used to not seeing much of him since he moved in with the girlfriend, so I wouldn't have minded had he not been the one calling ME to see if I wanted to come out. I'm being childish but I don't care. Now he wants to make plans for next weekend and I don't even feel like it.
t /Crankypants.
