Vansibel

Most of us have experienced it. You go into a bank with a check, hoping to cash it and get the money available in your account that day, only to experience the bank teller stating that they need to put a hold on the check. While this is sometimes reasonable, such as when the check is worth thousands of dollars and you’re a new customer, it happens far to often to those who have been banking with the same bank for years, and have always kept their account in good standing.

Sometimes it makes even less sense than usual. For example, I recently opened a new account at Scotiabank in Canada. I deposited $10,000 into the account and left it there for a few months. I then went in one day (to a different branch than my home branch) to deposit a cheque for $20. Thats right… $20. The teller informed me that because I was a new client, that they would have to put a bank on the check. They also informed me that if I wanted to prevent having holds placed on my checks in the future, I would have to make arrangements with my “home branch.” Of course, this isn’t a usual scenario and isn’t all that common among other banks in Canada and the United States, though most banks will still hold checks for a variety of reasons.

I’ve explored the system further and have determined how you can prevent your bank from holding your checks, allowing you access to your funds faster:

Deposit recurring checks to the same account – For some reason, when you deposit a check on a regular basis, the bank seems to believe that theres no way that its going to bounce. Therefore, if you have a regular payment from your employer, its best to deposit into one account and to continue depositing it into that account. After a few weeks, the bank tellers will start to notice consistency. While it may be tempting at first to take the check to a check cashing store to get access to your funds sooner, if you can just hold off, you’ll be able to prevent checks holds in the future and save tons of money in the process.

Maintain a high balance – While maintaining a high balance is difficult for many, its a great way to prevent checks from being held. Most banks (except the morons at Scotiabank) will not place a hold on checks under $5000 if you have a nice balance in your account.

Ask for a certified check – If someone is paying you with a check, you can prevent it from being held by having it certified. If the payee certifies the check prior to giving it to you, it enables the bank to confirm that it won’t bounce and prevent any risk, thus enabling them to deposit it into your account without placing a hold.

If all else fails, the only other option is to either wait until the check clears, or to visit a check cashing company. While check cashing companies often charge high fees (usually around 3%), its better to cash your check now in order to pay urgent expenses, rather than waiting and letting the bills pile up.

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Getting worried over unforeseen emergencies is quite natural. Instead of taking undue stress, you should look for ways to raise the funds, so as to take care of it. Even if you are not in possession of the desired funds and having serious credit issues, there are certain ways through which you can acquire the same without any hassles. In this context, you can count upon short term loans no credit check. Through these loans, you can now avail the funds at a moments notice.
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Washington, D.C., United States (AHN) – The White House on Tuesday lifted a moratorium on deep-water drilling, but peppered it with stricter rules to oversee the process but a regional Democrat refused to withdraw her hold on the nomination of a top Obama Administration economic nominee.

Addressing journalists, White House spokesman Robert Gibbs insisted that political considerations were not a factor in announcing the decision and it was “a natural policy process.”

“We came up with the right set of rules and the right set of safety mechanisms to ensure that something that will obviously always carry some risk also has within it a containment strategy that works for the American people,” Gibbs said.

The ban was to expire on November 30, but the new process, “puts in place some important safety steps to insure that when this is done again, it is done safely,” Gibbs said.

Sen. Mary Landrieu (D-La.) was quick to respond with a statement, refusing to lift her hold on Jacob Lew, President Barack Obama’s nominee to run the White House Office of Management and Budget.

Landrieu, with deep ties with regional oil and gas industry, said in a statement, “When Congress reconvenes for the lame-duck session next month, I will have had several weeks to evaluate if today’s lifting of the moratorium is actually putting people back to work.”

Asked to comment on her statement, Gibbs told journalists, “I saw, I believe, a statement from her that said she was not dropping her hold on Jack Lew,” adding, “And our feeling on this is the nomination of Jack Lew is not in any way connected to and shouldn’t be in any way connected to any facet of the moratorium.”

Gibbs lambasted Landrieu’s stand saying, “We have said from the beginning that the hold was unwarranted and outrageous. And that continues to be our viewpoint, and we hope that as we work though the normal course of a policy that ensures that oil drilling is done in a safe way, certainly that Senator Landrieu would judge Jack Lew on the merits of being a budget director, not of playing politics and getting issues that are ancillary to what he does involved in that equation.”

There is a new set of safety regulations which the drilling companies must follow before they can resume operations.

The new rules make the chief executive officer of a company liable and responsible as the CEO has to certify that the company has complied with all regulations. Companies wanting to work in the sector also have to prove that they have procedures in place to contain a worst-case scenario spill, Gibbs noted.

Citing these new requirements, Gibbs ruled out immediate drilling saying, “It is probably going to take several weeks to ensure that everybody feels comfortable that we have the appropriate plans in place to ensure that we meet those worst-case scenarios.”

“This is a process that starts the permitting process again. And somebody can drill only when they satisfy the government that they have a process in place to deal with a worst-case scenario. Until that time, drilling can’t happen,” he added.

Gibbs reiterated, “But politics in the region, politics outside the region, none of that has played — none of it played a role in the President’s instituting the moratorium. None of it has played a role in the policy process that’s gone on to devise a way out of the moratorium,” adding, “It is — the President wanted to put in place a moratorium that paused deepwater drilling while we figured out what had happened and what needed to be in place.”

Moreover, Interior Secretary Ken Salazar said new rules imposed after the BP Gulf of Mexico spill have strengthened safety measures saying that another catastrophic blowout was much less likely.

“I have decided that it is now appropriate to lift the suspension on deepwater drilling for those operators that are able to clear the higher bar we have set,” he said.


The Deepwater Horizon oil rig explosion off the coast of Louisiana caused the biggest offshore oil spill in history.

The explosion that took place on April 20 this year, killed 11 workers, and spilled a huge quantity of oil into the Gulf of Mexico.

The leakage was finally plugged just a couple of weeks ago and BP is expected to pay billions in damages.

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London, United Kingdom (AHN) – Tory Conservative Andrew Rosindell’s secretary has confirmed that he is sponsoring a dinner party dubbed “Erotica 2010″ on October 2, to be held in the UK Parliament’s Members’ Dining Room. The dinner is being organized by his constituent and campaign contributor, Savas Christodolou, a night club owner and former accountant of the rock band, Pink Floyd.

The House of Commons’ Dining Room is exclusive only to members of parliament and may only be used for if an event is sponsored by a lawmaker like Rosindell.

After Rosindell’s secretary confirmed to London’s Sky News that he sponsored the event “as we would do with any other Romford-based business,” many were offended and opposed the idea.

This is the first time that British parliament is being used to host a dinner event for the adult entertainment industry. However Rosindell is unfazed and defends his action by claiming that, “It is a non-profit-making dinner and I would have done the same for any local business, charity or organization.”

Christodolou, owner of Erotica Ltd., a multi-million dollar adult entertainment trade show, Secrets Ltd. and the Buddha Lounge Nightclub, has previously been accused of distributing drugs and has also had calls for his license to be revoked.

In 2006, Rosindell disclosed that Christodolou made a donation to his constituency party but did not disclose how much was given.

“As far as I am aware, Erotica is a separate business. I have never been to an Erotica event, I am not interested in that kind of thing. I am not endorsing anything. I was simply asked to sponsor a dinner. I’m not even sure I will go,” said Rosindell.

After the banquet, guests are to proceed to an “After Party” on board the HMS President where guests change their formal attire to what is described in the event’s advertisements: ‘Enforced fantasy dress code. Dress up or be refused entry!

Suggestions include: Berlin Cabaret, lingerie, ¬military, fetish, Latex, and leather.

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