Quote:
Originally posted by Centurion
Reading & re-reading your statement continues to raises several red flags. What *IF* the bank does NOT release said funds? What will you do then?
-----------------
Then PSW writes:
"We want to be clear that the funds exist, will be released, and that we will be working diligently through the course to remit all appropriate funds to you."
They exist..but not in your hands right? Because if you DID have those funds in YOUR hands, you would not hesitate to release them, correct?
--------------------
And what specifically does PSW have to do to satisify your bank to release the funds? Something you've never told any of us.
Btw..when was the CUTOFF date that these funds started to be withheld? How many of ya'll got a check this week for previous week's funds? If the cutoff date was say..last wednesday, and checks got mailed out last tuesday, those checks would probably bounce then, correct?
Why should PAST transactions be penalized (reserves that are due to be released now) if you're negotiating FUTURE reserves?
Why don't you release those funds?
|
Good point! Desperadely want to hear the answer.
It looks like PSW is unsure of their future, that's why they took the decision to freeze the payment. If they do ok, there will be a post: "See, we told ya! There was nothing to worry about." If something goes wrong, there will be: "Oops, we did everything we could, but those funds didn't help us
"