Late

I got fined my first late fee in years by my new business credit card. I had a perfect spotless record so far too in all my credit reports. DAMN!

What happened was I have this new credit card with Bank of America and a new business account with Central Pacific Bank. CPB has pretty friendly staff people, but I find their online services are about 4 years behind.... transactions take 24 hours to show up, and the system is just horribly designed.

For my personal account I had been using First Hawaiian for years. Their online banking system is much better, I have it do almost all my bill payments and that's how I basically have never missed a due date.

It's good practice to give it a 5 days lead time to have checks processed to the recipient. But I found 1st Hawaiian's system to be efficient enough where I can cut it pretty close to the date due and it would still get there on time.

CPB on the other hand, promised me 2 days for electronic payment to my card, but after the date it was processed it reported it would take 5 days!!! ACHK. /sigh. so much for a spotless record to my business. It's my fault for not being more careful though.... another early business mistake.

I guess we all have to learn the hard way sometimes.....