BB&T bank worst bank ever trinity, Florida

I am not in the business of depositing bad checks.

- Unfortunately there are enough people who are in that business so banks have to take precautions.

If they are afraid of giving immediate credit for deposits due to bad checks, then why do they cash checks immediately, but hold them in an account?

- Not quite sure what you are saying.  But if you are saying that they will just give you the cash for a check if you went to the teller.  I bet if you really tested this you would find that they will only "cash" the check up to the amount you have available in your account.  Thus if it comes back as bad, you didn't take out more money than the bad check would have caused.

Perhaps there is something you should look up.  It is the Federal Funds Availability Act or Reg CC.  This is the Federal Guidelines that ALL banks must follow as to when they make funds available.  Just from what you are writing here it appears as if they are following it, and it is not just depending on "how they feel".  Also, this is the same reason that no matter what bank you go to you will have the same policy.

A few other things to keep in mind.  Banks only post transactions on Banking days not Calendar days.  They do not count Saturdays, Sundays or Holidays.  So if you deposit a check after the cut-off time on Friday, the next business day would be Monday(unless that is a Holiday, then it is Tuesday).

On the subject of IGNORANCE, FYI if you can't spell there is a feature that can be utilized before you post a comment.

- Those who live in a "glass house" should not throw stones.

"That banks don't collect the money when you deposit it?  That's why it is not available immediately and you should be happy that they gave you $100 courtesy to you.  Unfortunately people deposit bad checks every day in every bank, and if they gave immediate credit for deposits then no bank would be in business because it takes several days up to a few weeks to collect funds depending on the location.  I'm sorry that this happened to you but you will get this from every bank.  How about ASKING the employees when it will be available instead of assume?  A lot of banks run on a 2 pm cut off time and it's around midnight when deposits are credited not 6 am.  I sounds like you just did not like you said, read the "fine print" (what is in bold letters on your deposit receipt and in signage in the branch). Ingnorance is never an excuse for anything...good luck with getting your fees back."

Thank you for your concern.  I understand that banks are in the business of making money.  However, they collect revenue from interest rates on loans, as well as monthly fees on accounts, ect.  Billions of dollars collected on NSF is a little excessive.  When the banks made huge financial mistakes they were bailed out by the government on the taxpayers dime.  If a taxpaying customer makes a mistake, that is a different story.  I am not in the business of depositing bad checks.  The deposit in dispute was a payroll check from a reputable business.  If they are afraid of giving immediate credit for deposits due to bad checks, then why do they cash checks immediately, but hold them in an account?  On the subject of IGNORANCE, FYI if you can't spell there is a feature that can be utilized before you post a comment. 

That banks don't collect the money when you deposit it?  That's why it is not available immediately and you should be happy that they gave you $100 courtesy to you.  Unfortunately people deposit bad checks every day in every bank, and if they gave immediate credit for deposits then no bank would be in business because it takes several days up to a few weeks to collect funds depending on the location.  I'm sorry that this happened to you but you will get this from every bank.  How about ASKING the employees when it will be available instead of assume?  A lot of banks run on a 2 pm cut off time and it's around midnight when deposits are credited not 6 am.  I sounds like you just did not like you said, read the "fine print" (what is in bold letters on your deposit receipt and in signage in the branch). Ingnorance is never an excuse for anything...good luck with getting your fees back.