Check deposited, on hold funds deposited then fund withdrawn for a bad check

Callmesteve
Contributor
How are you allowed to funds on "good faith" if a check hasnt cleared and then withdraw the funds from my account putting me into the negative. Depository clause or not dont put momey into my account and then a week later draw that money from my account putting me into the negative.

1 REPLY

@Callmesteve, I understand you have concerns regarding a recent deposit that posted to your account and was later returned. Please understand, in most cases immediate credit may be given on a deposit; however, that does not mean the check has cleared the issuing bank account. Unfortunately if that check is later returned to us unpaid we will reverse the credit posted to your account. We are not able to leave funds in the account if we did not successfully collect them. I apologize for any inconvenience this may have caused. - Rhonda