Citibank Bank Account Or Service Complaint

Citibank Bank account or service department,

Checking account Deposits and withdrawals District of Columbia

1 ) Like millions of -, we are subject to take the Required Minimum Distribution ( RMD ). We received a check from our pension fund manager and deposited it with Citibank on -/-/-. Of the total of almost $45000.00, only $8000.00 was immediately available. $200.00 became available on -/-/- $400.00 on -/-/-, $4400.00 on -/-/- and $31000.00 on -/-/-. Citibank earns interest on our money by delaying deposit to our account. How do they establish the formula for how much money becomes available immediately? Why, if the payor is a reputable, well financed institution, do they get to delay the money becoming fully available to us as their depositor for six days? Multiply this by every pensioner receiving an RMD and the banks are - their depositors and making out like bandits.