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First Convenience Bank / bad bank

1 United States Review updated:
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First Convenience Bank is a joke! I went in to deposit a check and they came back to tell me they would have to hold it for 7 business days. Could not pay bills or withdrawal on it. Asked them what do I need this bank for, they said to pay bills(just not till the big bank man tells me that I can).Called customer support got the usual yes sir no sir and that they were doing me a favour most of the time its at lest 11 working days. I’m not rich finding a new bank or check cashing place.

Va
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Comments

  • Al
      12th of Jun, 2008
    0 Votes

    I deal with at least 3 of the major banks (ie Wells Fargo, Chase, and Amegy)and unless you have funds to cover the deposited checks they all put holds on them. This is common practice amoung the banking industry. I also bank with 1St. convenience and they at first put holds on my very large depoists until I incurred enough to cover them.

  • Ke
      23rd of Jul, 2008
    -1 Votes

    its not just common its a regulation. reg cc . google it and you will see. all banks use it.

  • Fo
      19th of Dec, 2009
    0 Votes

    you obviously don't understand reg cc it is meant to limit the amount of time funds can be put on hold not to tell the bank the funds have to be held, that is up to the banks desecration. do some research before you act like you know what you are talking about next time.

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