Quatrain of Thought

It’s a Stage Coach Robbery

Doesn’t it seem to you that banks think it’s their money more than they think it’s your money these days?

Online billpay these days offends me.  Maybe Im just getting cranky, but I have found online billpay a nice convenience over the years.  Instead of managing recurring or one-time payments manually, the bank does it for me.  A couple of years ago, I didn’t mind that the bank wasn’t super prompt.  I was forgiving of slow internet-aided business models.  I knew that behind the scenes, Wells Fargo was just scrambling to get it working anyway.

Today?  Not so forgiving.  Not when I notice that Wells Fargo is guaranteeing itself seven days between when it takes the money out of my bank account and when the recipient should receive a check.  Interesting.  Seven days to a Sacramento, CA address.  For a check that a recipient then has to go and deposit.    That’s a lot of float, Wells Fargo.

I know it doesn’t take 6 days to get a letter to an urban address in Sacramento or LA or NYC, but that’s what reported these days.  That’s longer than it took a couple of years ago.

I’m going to mail my own checks from now on.