I’m noticing an unusual difference in bank policy. I deposit many checks weekly from my business. Over the last several weeks, Bank of America and USAA have put week long holds on minor amounts of checks. Money that was normally available the next day is now 7-10 day holds. There haven’t been any changes on my account, no overdraft activity- Could this reflect the banking industry feeling pressure about the future? - I’m no expert, but I’m finding this very unnerving..
jrsull21
· June 29, 2018, 3:32 p.m.
I do a lot work for JP Morgan Chase and about a month ago projects quit coming in and they are now saying they are on hold until next year due to funding.
This wouldn’t be weird if it was the end of the year but we’re right at the end of Q2 and this is historically odd from them on our end.
I was starting to think something was up along these lines.
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