Oh, banks.

We recently paid off our house. This triggers the lender — Chase — sending us the balance of our escrow account, which they sent me by check.

This is weird, because I also bank at Chase. I can see my accounts and my (former) mortgage in the same web UI.

I darkly thought, upon opening the envelope, that the whole reason it came as a check was to allow Chase to hold the money longer. Surely not, right?

Yeah, turns out? I deposited the check yesterday, and Chase is now telling me the funds are “on hold” until the 20th.

A check drawn from their own accounts, at the same bank.

Banks are parasites.