Been a Century Savings Bank customer for more than three years – payroll deposit from global Fortune 1000 company made to them on Friday Nov 11 at 12:01 AM (Veteran’s Day) was not credited until Monday morning.
It was an ACH deposit – not check or money order, mind you.
Another small deposit via ACH made same day to South Jersey Fed Credit Union – with the deposit credited immediately.
Century Savings Bank says – hey, too bad for you… it is bank policy, apparently not worth sharing with its customers.
I am asking the NJ and Fed Reserve to require them to notify their customers of this restrictive policy so customers can plan ahead to have cash available while the Bank enjoys its holiday sitting on YOUR funds.
Before you bank here – check out other more customer-friendly banking options.
There are other banks that want and deserve your business. As for Century Savings Bank – Good bye.