I have spoken to three different representatives. I have been told repeatedly there is nothing they can do. I'm not going to call again. I am going to let my deposit clear and close my account ASAP. The only phone call or email I expect to be made is the one notifying me that the hold has been released.
I don't know who you are but I'm about to follow you down the same path and the holding process of checks. If I would have know about this, I would have not desposit the check, now that an emergency has came up, the reps told me there is nothing I can do about this and it sad because my emergency is family related and it hurts because there is no one to help me out now, stuck in a place I shouldn't be and I have to wait 6 days before these funds are availible.
I will be closing my account as well when this is cleared up, I thank them for the no fee charging but when to need access to your own funds, there should be an extended hold on checks, at least place some in the account then the rest on hold.
First and last month of using USAA bank and that hurts this Vet...
If the merchant hasnt finished processing the transaction after about 7 days the pending transaction will fall off your account. That doesnt mean you dont have to pay the funds. The merchant actually has about 60 days in which they can send your bank the request for payment. Because transactions do not always get paid out in the order you made them, you will see the posted transactions that were paid out each day in order form least amount to most amount, and the pending transactions will show above. This also explaines the total balance vs. available balance. If you have a deposit on hold, the money is not available and so it will not be used to cover transactions. This is the same process at all banks.
USAA does their over night processing in in this order:
1. deposits- smallest to largest
2. debit card transactions- smallest to largest amount
3. checks, ach, funds transfers- smalles to largest
4. NSF/OD fees
5. atm rebates