I have had a Commerce checking account with Commerce Bank since I was 18. It's never been overdrawn. I've always tried to keep a tidy sum in it. I've been a good little account.

So, in late October, I stroll into el banco and open an IRA for myself and drop $1,000 into it. I set up my company's payroll to deposit $100 out of each paycheck into the IRA (26 pay periods x $100 after taxes - huzzah!). The first deposit is registered by my company on November 2nd. It doesn't appear on my balance for the IRA. I brush it off and chalk it up to slow paperwork and red tape.

That weekend, I stroll into Commerce again and set up a savings account and start it off at $1000. I stroll out a happy man. Next pay period comes around on November 16th and another $100 is deducted from my paycheck and deposited into my IRA - or so I think. Neither of the two deposits have shown up on my IRA balance. I call them up Monday morning and politely ask, "Where the Hell is money?"

Well, I look like an idiot - the deposits were posted and backdated that morning. I go on my merry way through Thanksgiving and, last week, add my savings account information to my payroll and tell it to drop $200 out of each paycheck to the savings account. Last Friday rolls around, and $300 is deducted from my paycheck and properly distributed.

Or so I thought.

Turns out that when the guy at the bank said that "two deposits were made to [my] account", he meant my savings account. Meaning some idiot made two deposits to the wrong account and backdated one to before the account existed. To add insult to injury, the $300 from last Friday hasn't shown up in either account. I'm willing to bet it'll be another two weeks before I see it posted in the wrong accounts, too.

I called a guy who I regularly talk to about my accounts at my branch and said, "WTF?" He said he'd look into it, and I'm planning on giving him a call tomorrow morning for an update.

I swear, if I wasn't locked into a two-year IRA with Commerce, I'd drop them like the bad habit they're becoming. Am I really asking that much of my bank?

tl;dir: gfy

Banks suck.

Fixed.

I <3 my bank. 5.55% interest on a checking account = win.

Exactly. I've had nothing but grief from my bank. I f'n hate banks. Leeches on society..

What bank is this?



You don't have to use one, you know. You could always accept greater risk and invest your own money on the market or purchase T bills and bonds and give up some flexibility.

My bank gives me interest-free overdraft and a Young Person's Railcard.

I'm happy.

Sounds like you need to fire your bank if they don't solve this problem ASAP.

Ohhh no!

You mean people make mistakes? ****!

banks care about one thing. the share holder. they don't give a **** about you. they care about your money and as long as they have it you can go to hell.
****ing pricks! i ****ing hate banks! ****ing HATE!!!

My bank is awesome. Same dealie as tony too.

Dude, who pissed you off?

banks suck, the only form of ID they'll accept to open a new account is a drivers licence or current passport.

in order to open an account i'm gonna have to invest the time and money to learn to drive or pay 70 or 80 quid to get a passport.

Edward Jones

Credit unions aren't much better. My checking account bounces between $200 missing or gained. Its a good thing I balance my check book regularly.

Wow, I've never had problems like you guys are describing... Everything (except for credit transactions after 8) is reflected instantly in my account online, and the only time they ever hold funds is when I deposit in the ATM.

^ same. No problems ever.

Thats still slower than the rate of inflation... you + money - inflation = lose

As for my bad bank story, i used wells fargo for almost two years, then one day they suddenly decided not to make my car payment. So, i dropped them, and now bank at chase.

Sure it is, but it's not like anyone's using a checking account for long term savings, and 5.55% is better than most banks.

A local bank.



And the cash under your mattress is doing any better?

I've never had these problems before, either. Which is why I'm really surprised and rather angry that some yahoo's screwing it all up.