After trying to figure out why when i made two payments through the same bank account one posted and the other didn't. Basically bringing my card to a paid off status. I contacted CS, they were very well scripted and just as the person before, referred me to the T&S. What i find odd and so does my bank is previous bank transfers going to FPB (electronic) post usually in 48-72 hours. But now that I'm trying to pay off my card I'm told the money won't be available for 14 days. Even though it was taken out of my bank account electronically within 24 hours. Any company that uses these sort of "tricks" is really just doing bad business.
I already filed a complaint with my bank. I've also written the Attorney General and my Congressman to request a law that would limit the amount of time a company could hold an electronic transfer. After all (electronic) sort of defeats the purpose if companies like the one above can hold the amount for two weeks or longer. I will be building a website that should rank high on google, warning people about their T&S and other tactics mentioned on here.
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