Capitalone Online Banking Complaint - Beware 10 Days And Counting Hold On $$

Review by db8 on 2010-08-24
I opened a capitalone online savings account. they received my check on Aug. 6th they credited my account dated Aug 6th ..

As of today ( August 24th) I have NO available $$ ..
they state they place a 10 day hold on all customers 1st deposit ..

Currently they state that funds will be available Aug 26th ...

They have not provided an explanations on how 10 days from Aug 6th = Aug 26th ..

BEWARE they might hold your $$ longer then the stated 10days on their web site !!!

They have stated"
" During the first 30 days following initial account funding, funds deposited into your account will be held for ten business days (available to you on the eleventh business day) after the day we receive and process the deposit."
Comments:3 Replies - Latest reply on 2010-08-24
Posted by SaMoore on 2010-08-24:
It's past the 11 business days as well. I don't get it either OP.
Posted by Jrodriguezfl on 2010-08-24:
Wow, that's crazy. I used to have that problem with Bank of America too and it was really frustrating. Now I just use a small local bank and they post my funds immediately, no holding checks.
Posted by yoke on 2010-08-24:
The 11th business day was yesterday so the funds should have been available today. Doesn't make sense.

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