Quote:
Originally Posted by Deegee
Well, I don't know where specifically you work, but I know in the large branch we operate in that we have several accounts that need to be actioned on.
I know it's risky to the Credit Union, but we typically don't bounce on a lot of people based on their tenure, if their Mortgage is with us, or if they get direct deposit pay on a regular basis.
We do typically warn our member owners that while we might be in a position to accommodate items that overdraw an account, it doesn't mean we always will, and we should not be depended on to do so.
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Out of curiosity, when you say that you are more likely to cover a bounced check from someone who holds a mortgage with the CU, what is the reason? Is it because they are a steady customer and worthy of the banks trust or is there someway that a bounced check can be rolled into the mortgage debt?
Also, I am surprised that a person actually looks at a bounced check and considers the person who bounced it. I just assumed that it was a fully automated process, either the account can cover the check or it can't. Is that a CU move or do all banks do that?