Pacific National Bank Complaint - No access to funds - Banking

Review by tuber on 2007-12-29
HAYWARD, CALIFORNIA -- When I opened my account with Pacific National Bank, I deposited my senior citizen SSI benefit. I was told I would have to wait 9 days. It was 4 days before Xmas, so I was OK with not having money for xmas. But I went back today, because it is 9 days after the fact, and now I can't get the money until after the new year.

I am very upset with this institution, and will close my account the very day that I am able to access my money.
Comments:4 Replies - Latest reply on 2007-12-30
Posted by Arlene on 2007-12-29:
Be careful, some banks charge a penalty if you close your account before you have had it open at least 6 months! Our bank charges $25 but we've had the accounts a few years now so no worries.
Posted by CrazyRedHead on 2007-12-29:
The weekends are not considered business days, and yes, some banks do charge a fee for early withdrawal.
Posted by D. on 2007-12-30:
As CrazyRed said...weekends are not considered a business day, also Holidays are not a business opened the account on a Friday, minus weekends, Christmas and New Years, your 9 business days would be January 7. Crystal is also correct, some banks charge a penalty for closing accounts too soon. I think once you get past the nine business days, everything should be OK. I know it's a long wait when you need you money, but that's just the bank's policy.
Posted by CrazyRedHead on 2007-12-30:
Hey DB, how do I get my second star?

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