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The ATM receipt drawer at my old bank finally made me realize my mistake
After 4 years of depositing cash via the envelope slot instead of the machine, a teller in Tulsa pointed out my deposits were always a day late, and that's when I figured out why my account kept dipping low, anyone else ever miss something that obvious?
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williams.robert20d ago
Ditch the timing angle for a second and think about what else that envelope slot was silently doing. That teller probably saw your pattern for years before you did, which means your bank's own system was quietly flagging you as a recurring late deposit risk, and that could have dinged your credit score or triggered overdraft fees you didn't even notice. I once worked with a guy who did the same thing for a year, and his bank hit him with a $12 "manual processing" fee every single time, so that's over $140 just gone to nothing. Check your old statements for any hidden service charges tied to envelope deposits, because the ATM counting machine likely was free while the manual route wasn't. Bet you also missed the envelope deposit cut-off time, so your money was sitting in a bin overnight, not in your account, which makes your "low balance" totally logical in hindsight. Ngl, this is the kind of thing banks love because it keeps your average daily balance lower, and that saves them money on interest they owe you.
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