Push or Pull Funds - Hold Policy | Page 3 | EQ Bank | Discussion forum

An example of the choice is this earlier report about Tangerine Bank.

Tangerine bounced two $100,000 pre-authorized debits from DUCA even though the account had $200,000 of cleared funds. Tangerine became suspicious of the large fund movement through an account less than one month old and blocked the debits.

That depends on the situation and the level of service one is paying for.

For example, many banks no longer do courtesy calls to give customer a chance to move funds to their chequing account before bouncing an incoming cheque as NSF. If one isn't paying the $5/month fee for overdraft protection with a pre-approved credit limit, then the cheque is automatically bounced.

In some cases, a phone call isn't going to make a difference. In one case, RBC froze the suspicious funds with the customer in front of the teller.