http://www.ratestracker.com/bank-reviews/presidential-bank-review/ Best CD rates, highest savings, money market, credit cards reviews, & bank deals. Sun, 15 Jan 2012 19:47:57 +0000 hourly 1 http://wordpress.org/?v=3.3 http://www.ratestracker.com/bank-reviews/presidential-bank-review/#comment-21442 Joe Smith Wed, 20 May 2009 17:44:39 +0000 http://www.ratestracker.com/bank-reviews/presidential-bank-review/#comment-21442 I think Presidential is an excellent bank. Many banks have a hold policy. Plus if you do an ACH they don't put it on hold. I do that all the time and my funds are available right away. If I send a paper check, yes the hold it. I don't blame them. It's good business practice. That's why this bank is in great shape during these tough financial times. Excellent bank. Sorry you don't agree. I think Presidential is an excellent bank. Many banks have a hold policy. Plus if you do an ACH they don’t put it on hold. I do that all the time and my funds are available right away. If I send a paper check, yes the hold it. I don’t blame them. It’s good business practice. That’s why this bank is in great shape during these tough financial times. Excellent bank. Sorry you don’t agree.

]]> http://www.ratestracker.com/bank-reviews/presidential-bank-review/#comment-21265 Janet Baker Sat, 16 May 2009 04:08:03 +0000 http://www.ratestracker.com/bank-reviews/presidential-bank-review/#comment-21265 Presidential Bank has a policy that any out of state checks deposited will be held for five days (in my book it is seven days, if it's deposited on Monday it will NOT BE AVAILABLE until the following Monday). Even though they've received your funds electronically, you can't access your money until seven days! We've recently started a new business have had to use our personal credit card for start up costs, I've deposited checks in the amount of $5,709.91, $10,079.28, $6312.64 & now they tell me that a cashiers check in the amount of $13,035.23 has to have a hold on it also because I might put a stop payment on the check and they wouldn't receive their payments. How many times before I get the message - Don't do business with this bank! I think I've finally got the message. They are a nightmare to deal with, I am withdrawing my funds to find a local bank. Interest? Yes they give interest by using peoples money for a week before they are allowed to use their OWN money. I highly recommend that you do not bank with them, if any one has any ideas of who I can complain to in order to stop Presidential Bank from ripping people off, please let me know. Presidential Bank has a policy that any out of state checks deposited will be held for five days (in my book it is seven days, if it’s deposited on Monday it will NOT BE AVAILABLE until the following Monday). Even though they’ve received your funds electronically, you can’t access your money until seven days! We’ve recently started a new business have had to use our personal credit card for start up costs, I’ve deposited checks in the amount of $5,709.91, $10,079.28, $6312.64 & now they tell me that a cashiers check in the amount of $13,035.23 has to have a hold on it also because I might put a stop payment on the check and they wouldn’t receive their payments. How many times before I get the message – Don’t do business with this bank! I think I’ve finally got the message. They are a nightmare to deal with, I am withdrawing my funds to find a local bank. Interest? Yes they give interest by using peoples money for a week before they are allowed to use their OWN money. I highly recommend that you do not bank with them, if any one has any ideas of who I can complain to in order to stop Presidential Bank from ripping people off, please let me know.

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