A remarkable solution to the banking crisis.

[Stefinitely Maybe]

I got my first pay-cheque (or check, in America) from my Graduate Assistant job here in San Diego, last week. A few days ago I went to my bank (Citibank) and deposited the cheque into my account. It was the first time I had ever tried to deposit a cheque in America. Yesterday, I got this letter:



So, just to clarify: I deposited $1026.33, and the bank is not prepared to allow me to access ANY of that money, but 90 years from now, on January 1st 2099 - by which time I will almost certainly be dead - they will give me $826.00 of it. No mention of the other $200.33 at all. Excellent money-saving tactics there, Citibank.

I see an angry visit to the bank in my near future.

[MissingPerson]

What. The fuck.

And why is the Spanish language number titled in English?

[HAMMERHEAD]

hahaha what the fuckkk. you should make exaggerated threats about lawsuits, complaints, etc and see what you can get out of it. maybe a free mug or some custom checks

[Young blood]

WELCOME TO 'MERICA!

[canexplain]

That's pretty funny Stef ..... cr****

[rage patton]

Wow. That is fucked up.

[moomoo]

FIGHT IT!

I like the idea about threats of lawyers/lawsuits. and when banks fuck up hard (like this) they sometimes will even reward you with a bit more money...

[Courtney]

Ahahaha




The good news, of course, is that this is obviously a clerical error and not a fundamental policy issue. It's pretty standard for banks to hold checks for a processing time in new accounts to prevent fraud (watch that horrible Leonardo Dicaprio film about check depositing scams if you need further explanation). But usually that hold time is no longer than 5-10 days.

[Young blood]

FIGHT IT!

I like the idea about threats of lawyers/lawsuits. and when banks fuck up hard (like this) they sometimes will even reward you with a bit more money...

hahahahahaha name me one bank that will reward you for their screw up.

[MissingPerson]

The good news, of course, is that this is obviously a clerical error and not a fundamental policy issue. It's pretty standard for banks to hold checks for a processing time in new accounts to prevent fraud (watch that horrible Leonardo Dicaprio film about check depositing scams if you need further explanation). But usually that hold time is no longer than 5-10 days.

So a century or so isn't standard practice then?

[Drinkey McDrinkerstein]

This letter is an amazing treasure. Cherish it forever.

[Courtney]

Stef's wait may be longer if his name was flagged for being a suspicious Brit.

[Archie Bunker]

Upload the letter to failblog.org

Notice that these sorts of errors just about never occur in your favor!

[Courtney]

I'm sure they do happen, and they're just not reported. If Citibank accidentally gave you an extra $200, would you really call and complain?