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Old 11-03-2009, 11:58 AM   #1
Stefinitely Maybe
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Default A remarkable solution to the banking crisis.

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.
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Old 11-03-2009, 12:07 PM   #2
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Default Re: A remarkable solution to the banking crisis.

What. The fuck.

And why is the Spanish language number titled in English?
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Old 11-03-2009, 12:08 PM   #3
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Default Re: A remarkable solution to the banking crisis.

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
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Old 11-03-2009, 12:10 PM   #4
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Default Re: A remarkable solution to the banking crisis.

WELCOME TO 'MERICA!
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Old 11-03-2009, 12:10 PM   #5
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Default Re: A remarkable solution to the banking crisis.

That's pretty funny Stef ..... cr****
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Old 11-03-2009, 12:12 PM   #6
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Default Re: A remarkable solution to the banking crisis.

Wow. That is fucked up.
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Old 11-03-2009, 12:20 PM   #7
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Default Re: A remarkable solution to the banking crisis.

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...
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Old 11-03-2009, 12:29 PM   #8
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Default Re: A remarkable solution to the banking crisis.

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.
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Old 11-03-2009, 12:30 PM   #9
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Default Re: A remarkable solution to the banking crisis.

Quote:
Originally Posted by l337moomoo View Post
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.
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Old 11-03-2009, 12:32 PM   #10
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Default Re: A remarkable solution to the banking crisis.

Quote:
Originally Posted by Courtney View Post
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?
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Old 11-03-2009, 12:33 PM   #11
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Default Re: A remarkable solution to the banking crisis.

This letter is an amazing treasure. Cherish it forever.
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Old 11-03-2009, 12:34 PM   #12
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Default Re: A remarkable solution to the banking crisis.

Stef's wait may be longer if his name was flagged for being a suspicious Brit.
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Old 11-03-2009, 12:41 PM   #13
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Default Re: A remarkable solution to the banking crisis.

Upload the letter to failblog.org

Notice that these sorts of errors just about never occur in your favor!
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Old 11-03-2009, 12:46 PM   #14
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Default Re: A remarkable solution to the banking crisis.

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?
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