Friday night I went to a neighborhood restaurant for dinner. I put the bill on my debit card and included a tip.
Saturday I stopped at an ATM to get some cash and asked for a balance also.
When I got home I updated my checkbook application* and things didn’t look right. The balance in my checkbook didn’t match the balance given by the ATM. I couldn’t find any sales slip that matched the discrepancy.
Today as I looked at my sales slips I recognized the discrepancy. It was the tip on the sales slip. When the restaurant takes my card, it puts a hold on the amount on the slip. When I add the tip, the hold isn’t taken off, but the total is submitted. Given that I was checking on Saturday, when my account would not be updated, I was unable to find the restaurant charge in the online list of transactions. But the ATM slip did show the balance with the hold on the printed sales slip.
I will get verification of this on Tuesday. Monday is Presidents’ Day and I assume the online data will not be updated during the day.
But it did spoil my Saturday evening as this control freak tried to get everything balanced.
*The checkbook application is Checkbook Tao for the Mac, no app version yet. You can find it in Apple’s App Store.
Showing posts with label checking account. Show all posts
Showing posts with label checking account. Show all posts
Sunday, February 15, 2015
Saturday, September 08, 2012
What is slower than the Postal Service?
Electronic fund transfers! From one corporation to another! In days, not hours!
On Tuesday I asked online for the cash balance of my brokerage account and the sales of some mutual fund shares, the proceeds of each to be transferred to my local checking account. Neither transaction was confirmed until Wednesday afternoon. My bank account did not show the deposits until eight o'clock Thursday. About 46 hours after I had made my request, I saw the result.
Two days is what it takes to send in one Netflix DVD and receive the next! In fact, the time from pickup to confirmation is less than 16 hours. I am notified of the shipment of the next DVD about noon and receive it before 10 the next morning. Hm! With a 12:30 pickup and a 10:00 delivery, that's less than 46 hours! A two-way transaction is faster than a one-way transaction!
The first is done completely by computers. The second is done by a lot of hard-working people, both government and corporate.
Oh, yes, the last two DVDs have been from southwestern Wisconsin, not from Duluth. Unbelievable, a Postal Service truck is faster than corporate computers!
On Tuesday I asked online for the cash balance of my brokerage account and the sales of some mutual fund shares, the proceeds of each to be transferred to my local checking account. Neither transaction was confirmed until Wednesday afternoon. My bank account did not show the deposits until eight o'clock Thursday. About 46 hours after I had made my request, I saw the result.
Two days is what it takes to send in one Netflix DVD and receive the next! In fact, the time from pickup to confirmation is less than 16 hours. I am notified of the shipment of the next DVD about noon and receive it before 10 the next morning. Hm! With a 12:30 pickup and a 10:00 delivery, that's less than 46 hours! A two-way transaction is faster than a one-way transaction!
The first is done completely by computers. The second is done by a lot of hard-working people, both government and corporate.
Oh, yes, the last two DVDs have been from southwestern Wisconsin, not from Duluth. Unbelievable, a Postal Service truck is faster than corporate computers!
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