Compass Bank Compass Bank Ripping off Customers with Unecessary Delays in Deposits and Immediate Debits Pensacola Florida

Obviously you wrote them BEFORE the deposit was made, Before you had money in the account. You say that Compass is incompetent but it seems that YOU are incompetent. Keep a register and don't use THE BANK'S money and you won't be charged. If you make your deposit on Friday and they say it will post on the next business day (Monday) you should not write checks before then. The deposit will post Monday night. Since checks do not usually clear the same day you write them if you had not written them a couple of days PRIOR to making your deposit you would have been OK. STOP BLAMING EVERYONE ELSE FOR YOUR MATHEMATICAL SHORTCOMINGS AND TAKE OWNERSHIP OF YOUR SITUATION.

The Federal Reserve Bank is not open on Saturday or Sunday, so for banking purposes, neither of these days is considered a business day. So, a deposit made between 2pm on Friday and 2 pm on Monday is all considered Monday's business, and will hit your account Monday night. Pretty much all commercial banks operate in this manner.

Two suggestions: if you can, switch to Direct Deposit for your paycheck. You will have full access to your funds a whole lot sooner. Second, consider switching to a savings bank, or better yet, a credit union. For the most part they operate in a 'real time' environment where the entire transaction is completed right at the teller window, and if you ask, they can tell you exactly when and how much is available.