Originally Posted by ScottC
I'm not sure I agree with this. I am an ebay Powerseller and deal with Paypal all the time, for them to take 2 weeks to allow you access to YOUR own money is insane. I understand the need for a certail level of fraud protection, but Paypal sometimes takes things too far. Imagine if you went to your banks ATM and couldn't get any cash, and the bank claimed you received $2000 in a few days so they'll get back to you in 2 weeks?
I agree.
I am extremely strict in my auctions (no zero feedback, only confirmed address etc...)
I hate sellers like this. My confirmed address is my home, but I can't receive packages there because there's no one to sign. So I have to hunt down the sellers who will ship to my office.
Originally Posted by Sam - DFW
Two weeks is not long in the whole scheme of things. Banks hold deposits on new accounts for ten business days quite often. Citibank holds personal checks I deposit for five business days, and I have been a customer there for 18 months.
Two weeks is a long time, if you ask me. This is an Internet company.
I've been with Citibank for 8 years and they still hold my out of state deposits for 5 business days (the maximum allowed by Reg. E). I'm considering taking my business elsewhere. My partner has an account with Bank of America and his checks clear the next business day every time - $x,xxx+ checks, out of state, even personal checks. And it's not based on overdraft protection or anything like that - BoA makes the funds available from the check. I don't know why Citibank is so stingy
