Comments on: Is this legal? It shouldn’t be http://ricmerrifield.com/2009/07/is-this-legal-it-shouldnt-be/?utm_source=rss&utm_medium=rss&utm_campaign=is-this-legal-it-shouldnt-be A business manifesto for cutting costs and boosting innovation Sun, 29 Jan 2012 00:52:31 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Ric Merrifield http://ricmerrifield.com/2009/07/is-this-legal-it-shouldnt-be/#comment-66 Ric Merrifield Wed, 29 Jul 2009 03:45:33 +0000 http://ricmerrifield.com/?p=653#comment-66 Commerce Bank, here I come. I heard some things about BofA that I didn't like. Commerce Bank, here I come. I heard some things about BofA that I didn’t like.

]]> By: Sean http://ricmerrifield.com/2009/07/is-this-legal-it-shouldnt-be/#comment-65 Sean Tue, 28 Jul 2009 22:37:31 +0000 http://ricmerrifield.com/?p=653#comment-65 BECU doesn't do that... I just enter the date the bill is due and they take care of getting the money there on time. I have not had a single late payment in years. BECU doesn’t do that… I just enter the date the bill is due and they take care of getting the money there on time. I have not had a single late payment in years.

]]> By: Ray http://ricmerrifield.com/2009/07/is-this-legal-it-shouldnt-be/#comment-64 Ray Tue, 28 Jul 2009 19:20:58 +0000 http://ricmerrifield.com/?p=653#comment-64 Legal? Sure. That's no different from when you write a bank check - they take (secure) your money right away and then don't credit the other person until they have to (there are banking regs that dictate these periods I believe). Now, it is astounding to hear that Wells has such a craptastic online bill pay. I use BofA, which has great bill pay. Also I sometimes use Fidelity - both of these services tell you exactly the date the recipient will be paid. If they have an ACH agreement, those payments clear same-day. If you're paying your gardener or something, they will mail a physical check. But, both those banks tell you what day the payment will arrive, since that is clearly the only useful information to you. Maybe you should take your business elsewhere? -R Legal? Sure. That’s no different from when you write a bank check – they take (secure) your money right away and then don’t credit the other person until they have to (there are banking regs that dictate these periods I believe).

Now, it is astounding to hear that Wells has such a craptastic online bill pay. I use BofA, which has great bill pay. Also I sometimes use Fidelity – both of these services tell you exactly the date the recipient will be paid. If they have an ACH agreement, those payments clear same-day. If you’re paying your gardener or something, they will mail a physical check. But, both those banks tell you what day the payment will arrive, since that is clearly the only useful information to you.

Maybe you should take your business elsewhere?
-R

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