Okay, quick background. Usually banks are closed on holidays in Canada, such as new years. And usually, banks don't process their own transactions, they need to be sent to the main center where they process them a few days later. Your account has the money, but the actual process can take a few days.
So, christmas just passed, and unfortunately it turned out I was a little short on rent. Due to a miscommunication with my landlord, she went ahead and cashed my cheque without asking me if I had enough (despite her asking literally every month beforehand if she was good to do so). So, desperately thinking, I managed to snag some money from my parents, and I attempted to cash it. Usually, when you have cash instead of cheques, it is processed immediately. But for some reason, the bank cashed the cheque first, and the cash a day late. So my cheque bounced, I get fined, and my landlord is pissed. So now I owe her money for rent as well as the fine she also got for not being able to pay her bills.
So thanks a fucking lot bank, I try to come up with a solution and you just go ahead and do that. End rant.
Have you ever had to deal with the bank pulling stupid crap like this? Any financial horror stories?
EDIT. For all of you asking why I wrote a check I couldn't cash, as per our agreement with the landlord, our house would give them post dated checks that they could cash at the beginning of the month. I've never been late on a rent check before, and I tried negotiating with my landlord for some more time so I could get paid.
I'm not mad at the bank for me being late with rent money, I'm mad at the bank because they processed the check before they processed my cash deposit, which I'd put in on the same day. Checks usually take a couple days to clear just in case I needed to cancel it, but they cashed the check the day after it was deposited. When it's deposited on a holiday, like new years, it shouldn't have processed before a direct cash deposit. Yet that is what happened.
So don't go admonishing me for not having enough cash in my account and writing checks I can;t cash. I talked it out as best I could with my landlord and she understood what happened. I'm mad at the bank for putting it through before a direct cash deposit.
So, christmas just passed, and unfortunately it turned out I was a little short on rent. Due to a miscommunication with my landlord, she went ahead and cashed my cheque without asking me if I had enough (despite her asking literally every month beforehand if she was good to do so). So, desperately thinking, I managed to snag some money from my parents, and I attempted to cash it. Usually, when you have cash instead of cheques, it is processed immediately. But for some reason, the bank cashed the cheque first, and the cash a day late. So my cheque bounced, I get fined, and my landlord is pissed. So now I owe her money for rent as well as the fine she also got for not being able to pay her bills.
So thanks a fucking lot bank, I try to come up with a solution and you just go ahead and do that. End rant.
Have you ever had to deal with the bank pulling stupid crap like this? Any financial horror stories?
EDIT. For all of you asking why I wrote a check I couldn't cash, as per our agreement with the landlord, our house would give them post dated checks that they could cash at the beginning of the month. I've never been late on a rent check before, and I tried negotiating with my landlord for some more time so I could get paid.
I'm not mad at the bank for me being late with rent money, I'm mad at the bank because they processed the check before they processed my cash deposit, which I'd put in on the same day. Checks usually take a couple days to clear just in case I needed to cancel it, but they cashed the check the day after it was deposited. When it's deposited on a holiday, like new years, it shouldn't have processed before a direct cash deposit. Yet that is what happened.
So don't go admonishing me for not having enough cash in my account and writing checks I can;t cash. I talked it out as best I could with my landlord and she understood what happened. I'm mad at the bank for putting it through before a direct cash deposit.