Originally Posted by
Snoopy
I don't remember the last cash issue being this fraught. Jeff was all into 'fintech'. But I am calling this whole process out as 'flabtech'. To save you reaching for your business directory to see what that means I have done it for you:
'flabtech': The art of overly complicating a process via automation, such that the result is more confusing, cumbersome and slower than if that same task was carried out entirely manually.
I got an e-mail saying Heartland, via Link securities had received my application and that it would be processed the next banking day. I did not want to know that. What I wanted to know was that my application had been processed, and indeed it would have been processed yesterday if Heartland just given me the bank account number to which I needed to send the cash issue funds in the first place. Yes I would have had to go into a bank branch myself to do this. But it would have been worth this pain to save the anxiety. I checked my bank balance this morning and saw my funds were still in my account. So now I will have to wait for Saturday to know if my funds have really gone through. And if they haven't, because there are no more full banking days before application close off time, it will all be too late.
I am now frankly over this flabtech filibustering. The first bank that reintroduces cheque books, that provide a secure traceable paper trail with which to control the movement of funds with far less bother than the tech of today, I will move all of my business over to them.
SNOOPY