We were also told that the purchase stays in "hold" until the store processes their batch, that its the store that determines the date, not the bank. (I had been told the same thing by Wachovia in the past, we switched from them to WF)
Well I just got proof that the hold baloney is a bunch of BS. I paid a bill on the 18th, had the $ in the account, and it stayed in hold till the 22nd, when I didnt have the $, alont with one small purchase that I made on the 16th.
So, I called both stores and asked them when they process their batches. Both stores told me they do theirs at the end of every business DAY. not week, DAY.
And when we opened out account, we were encouraged to use our $300 bounce protection by taking the cash from the ATM if we need it, so that we only incur 1 OD fee instead of several, What a crock.