We had problems with Bank of America so we changed banks, but what we found was the same old song and dance. We had a debit transaction get put into our "pending" category last Monday and it has been sitting in there since.
They claim that it depends on the size of the business as to how long it takes for the funds to come out. The problem I see with this is that when the charges are put in this category, they remove the funds from the available balance when the funds have yet to leave the accnt. If I was to walk into the bank and try to withdraw funds, they would only allow me to pull from that available balance.
To me that sounds like they have taken the funds from me when in fact they have not. They run their business on technicalities and it got much worse when the Government stepped in to help them. They (like Bank of America and others) are so large that they can do what they like and nobody will notice. Well people are starting to notice, and one day there won't be anybody left who will put their money in their bank.
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