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Greece: Planning The Bank Holiday

Greece: Planning The Bank Holiday
One of the largest banks to undergo this FDIC resolution process was Washington Mutual, which was closed by the Office of Thrift Supervision in September 2008. At the end of 2007, the bank had assets of $ 328 billion, deposit liabilities of $ 188 billion …
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Abacus Bank fought the law and won, but it came at a cost
… had fired a loan officer after it discovered during a closing that he had allowed the borrower to lie about her income. Senior executives canceled the closing and reported the incident to the bank's federal regulator at the time, the Office of …
Read more on Crain’s New York Business

Citizens Bank customers owed $11M in refunds

Citizens Bank customers owed M in refunds
All accounts that were found to be cheated out of funds between 2008 and 2013 as a result of an investigation by the Consumer Financial Protection Bureau, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency of …
Read more on Main Line

Treasury agency wants input for IT service management upgrades
The Treasury Department's Office of the Comptroller of the Currency (OCC) plans to upgrade more IT service management applications in the ServiceNow program following successes in previous application upgrades. The OCC wants to know who offers …
Read more on Washington Technology

Will my bank bounce my ACH payment?

Question by Pzoff: Will my bank bounce my ACH payment?
Say I have a bill due for $ 100 tomorrow and I deposited that same amount yesterday. Tonight, I checked my bank balance and the “balance amount” is $ 100 but the “available amount” is only $ 80. Considering I have no outstanding/pending checks ‘out there’, etc., will I get slap with a non sufficient fund morning when other bank decides to withdraw my money for payment via ACH or will I be okay because I would have enough fund to cover the payment?

Best answer:

Answer by CandaceShelle
You need to base it off of your available balance because something has claimed that 20 dollars in your account so you will not have the funds in there to cover the ACH payment. Contact your institution and ask them what the 20 dollar hold is on your account and see about depositing the 20 dollars in there ASAP to cover the ACH transaction.

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How long does an ach payment take to clear your bank account?

Question by gdavison: How long does an ach payment take to clear your bank account?
I payed HSBC and their records showed $ 34.00 was taken out on 08/19/08 but my own bank has not shown the deduction yet. I am pretty sure HSBC got paid because their records show standard payment. I am thinking that my bank took $ 34.00 out of someone else account or they goofed and lost it. Local branch customer service said wait tell Monday.
Update. My bank told me to wait a couple of more days. I am tired of waiting. I did call HSBC, they actually have the money. So, I am wandering if the Federal Reserve lost it or my bank lost it.

Best answer:

Answer by AIDAN’S MOM
HSBC has processed the ACH on there end, you should see it come our of your account in a couple of days. I wouldn’t worry just yet, if it is not out by Monday I would call them and double check what account number they w/d the funds from.. just to verify.

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