It takes my employer a few weeks to verify that my bank account details are correct, so my first payslip was accompanied by a cheque. This check was presented to the bank on Wednesday. I received a message from my bank that said:
“Since all funds from your deposit were not made available on the same business day of your transaction, this notice provides you with the schedule of when the funds will be made available for your use.”
I was not expecting immediate availability of funds, since the deposit was a cheque. Knowing when the funds would be available would still be useful, if the message had not arrived as a letter the day after the funds had cleared. This sort of message is surely only useful if it arrives in a timely manner. Since the bank knows my email address – they tell me when my statements are available – this would have been a far better communications medium. It seems that maybe US banks have not fully arrived in the twenty-first century.
