TD ATM deposit
I made a deposit on a weekday at a greenmachine ATM at about 9:45 pm. Account balance started at 200, deposit 500 (no hold on deposit under 1000). Account balance prints on slip at $700. Go home, 45 mins later log on easyweb and account balance on account summary screen shows 700, so I make bill payments/transfers for $500. All went through. Upon completing I look at account summary screen, balance is $200. I then look at account details to review my transactions. At the top of the screen by the account number it has balance of $200, but the running balance is different. It shows as -$300, as in the negative. I called them right away (as I don't have overdraft protection on that account) and they said that deposits after 9 won't show on the details until the next day, because they were doing a system update, and it would iron itself out. She looked in the computer and could see my deposit on her end, so no problem. I figured the transaction would show up in the morning.
The next morning when I check, the deposit showed up, but was posted on the next day, the day after I made the deposit, and still showed that my account was in the negative the day before. Then at the end of the month I was charged interest because of that.
When I talked to the bank (at the branch) I was told about the sticker on the machine about deposits after 9. That's all fine, I didn't see it, and that is my fault, however, when it says that the deposit won't be posted right away then I would assume that my balance would not have been updated till it was, and if my balance was ok then I should be fine. I used to bank only with PCF, never encountered anything like this, and since going to TD I usually deposit at teller (as I will from now on).
I since added overdraft on this account, pay as you go, but now I'm told if this situation happens again I will now be charged $5 plus interest! As opposed to just interest like I was this time, about 60 cents. Btw, they refunded the interest, not that it was much, but it seems odd that when my balance shows in good to go I should be free to do bill payments from that account.
Is this the way deposits are actually done at machines after 9?
And more importantly, will something like this show on my credit report? I'm looking to get a mortgage later this year so any strike would be really bad.
Thanks for any comments on the above, sorry for any typos, I'm on an iPhone and it can be hard to edit