Sleazy because banks are bouncing checks for every possible excuse they can find. I had a transfer from one account to another bounced ($2,000 deposited to Citibank) because I wrote 10/22 instead of 10/22/05. Several friends have had checks bounced because a deposit was held up (four day hold by Bank of America) from another local bank. My partner had a hold put on half of a cash deposit (Wells Fargo).
What is going on? Banks are bouncing deposits in order to create “insufficient funds” for our checks which then generate overdraft fees. Overdraft fees regularly run to $35 per check with many checks bouncing at the same time. Sleazy.
Mean. If you don’t pay your overdraft fees in 90 days the banks get mean. You go on a national “no bank account” list and nothing will get you off the list for five years.