Branch Banking and Trust - BB&T They are 1 to 2 business days behind (Always) and your deposit don't mean squat! McMinn County Tennessee

My credit union makes funds available immediately after I deposit them if I go into the branch and by 8 PM if I deposit through the ATM on a weekday. The only time they have ever put anything on hold was a three-day "out of area" hold on a check from a bank in Georgia. Even Bank of America made my funds available almost immediately.

BB&T sounds almost as predatory as Washington Mutual. They would put payroll checks on hold for 9-11 business days, but so "generously" pay everything that came in at $21 a pop. That was an extremely short business relationship.

Try your local credit union...much more like a small town bank than "corporate" banks.

Yeah, they are permitted to hold your check, but BB&T told me that they are REQUIRED by Federal Law to hold my check, and the funny thing is my other bank, USAA, don't have that REQUIREMENT, which I told them as I was closing my account. It's not REQUIRED, it's allowed.

My suggestions, go to a different bank immediately, and ask about their policy.

All banks have a funds availability policy. Your bank has, from what you describe, a generous policy of making funds deposited available the following business day.

Some banks, and credit unions, will hold funds deposited for up to 5 days as is permitted by federal banking law. The only funds generally made available immediately are cash deposits. If your deposits were in cash, and made with a teller, not an ATM, you may have a chance at recovering your fees. Otherwise, you are a victim not of your financial institution, but of the federal banking system.

When you open a checking account, you are given a copy of the policy. And this is not new, but has been law for many years. Good luck.

StarsMail@FDIC.gov

This is the consumer complaint e-mail for FDIC. This is the govt. agency that investigates bank fraud. If we all contact them we will get results