show debit 5 days instead of 8 -10 days?

pampchefrhondab

I thought they didn't put you on cash only until you had this happen more than once. I had it happen one time and I just got a warning - but this was about 3.5 years ago.

Forgot to mention - they are taking the money out sooner. I just noticed w/my supply and sample order. I ordered on Sunday and the money came out on Friday. Usually it would be the next Monday. I always make sure I have the money in there when I send a show anyway, but may have a problem if a guests has a big check bounce!

pcsharon1

With a lot of banks it takes longer for checks to clear into your account than cash. If HO takes out money for a show and you haven't submitted all the money until that day or the day before and there were checks in it -you could be in trouble. I make sure to deposit no later than the day I submit.

MHPampered

I was told to have a cushion in my account. How much of a cushion do you keep in there I have jeard different from different people?

DEB&DAVE

I keep my pc money in a seperate account. It is a no fee checking, my commission goes in there too so it helps with the buffer

Pedey

Same here.

esavvymom

I would say try to cushion at least what your average order might be- $30-50?? I TRY to have at least 50+ if I can....(hard to do just on my PC account, without grabbing some money from our personal accts). The reason I'd say that, is in case a customer's check bounces on you about the same time PC debits your account for a show (which is why they wait 5-days). I need to get into a better habit of checking my checking account BEFORE PC hits it- to see if any checks bounced, or how my balance is (if I missed entering something).

I recently overdrafted my account (2nd time in 2 yrs) by only $1.17!!!!!!! Cost me $36 fee (My Stupid Tax)! I wouldn't use this bank because of their fee, but it's the closest one to me so I don't have to drive to the next town over everytime I have deposits.