Banking Weirdness
Aug. 6th, 2004 10:54 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
mikeknI do almost all of my banking electronically and I never visit a bank teller. So when I want to get cash I hit an ATM, usual one which does not charge a fee (most do but a few don't). When I need to deposit a check, I go wherever is convenient and deposit through the ATM.
The other day I was had a check to deposit so I visited one of the banks I use, but their ATM was being serviced. So I drove to the next bank I could think of, which turned out to be a Commerce Bank not too far away. I was very surprised to discover that they charged the same fee for deposits that they do for withdraws ($1.50). Since I was in a hurry I said ok to the fee and went on my way. Much to my surprise, when I checked my account Commerce Bank had not taken a $1.50 out of my deposit, and had in fact added an extra $1.50 to my total. So instead of getting $119.24 (my actual deposit) or $117.74 (deposit minus $1.50) I got $120.74.
I'm thinking of trying an experiment and depositing $5 cash to see if I get the extra $1.50 or not. If I do, then I've got this big stack of $2 bills which I could deposit one at a time - hell of a return at that rate :)
The other day I was had a check to deposit so I visited one of the banks I use, but their ATM was being serviced. So I drove to the next bank I could think of, which turned out to be a Commerce Bank not too far away. I was very surprised to discover that they charged the same fee for deposits that they do for withdraws ($1.50). Since I was in a hurry I said ok to the fee and went on my way. Much to my surprise, when I checked my account Commerce Bank had not taken a $1.50 out of my deposit, and had in fact added an extra $1.50 to my total. So instead of getting $119.24 (my actual deposit) or $117.74 (deposit minus $1.50) I got $120.74.
I'm thinking of trying an experiment and depositing $5 cash to see if I get the extra $1.50 or not. If I do, then I've got this big stack of $2 bills which I could deposit one at a time - hell of a return at that rate :)
