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Old 02-21-2008, 06:33 PM   #15 (permalink)
willynilly
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There are instances where when you buy gas, or some other purchases, banks will automatically hold a lump of money when it is approved. Say you get approved at the pump. The bank grabs $50, 100, $200, whatever, and they hold it until the actual bill is finalized, which can take a day or two with them. Of course, this gives them an interest-free cash pool to float on.
willynilly is offline  
 

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