Banks and the new 'local" hold

I have been reading on several blogs about the banking industries! My last blog had to do with banks and how much they collect on "overdraft fees". It amounted to an excess of 29 billion dollars a year! I feel for the most part that consumers are responsible for their actions and should not spend money they don't have! Sometimes though, they are spending money that they do have. About a month ago, l needed some money in a hurry and my sister who lives in Dallas deposited some money into my account. Now, get this, both accounts are from Bank of America, hers in Dallas, mine in Houston. The money was withdrawn from her account on the same day!!!! yet, l was only allowed to access $100 the first 2 days and had to wait 5 working days to access the rest! I was told the bank now has a "local" hold on checks! I don't even know what that means. I could almost understand it if it was a different bank, but the same? I did the only thing l could, once the check cleared, l withdrew all the money and l am going to stick with my Wells Fargo account for now, unless they start with the same nonsense. I understand the banks are trying to come up with various ways to keep making money until the consumer protection bill comes into play next year, but this is ridiculous. They make interest by floating your money and penalize you for trying to spend your own money. Someone in a truly desperate situation would have had no choice but to write checks, the banks would have been only too glad to cash said checks and then hit you with a 39 dollar overdraft fee for each check honored. Bank of America recently in the last week agreed to limit the daily overdraft checks honored to 6! as opposed to the unlimited amount. They also vowed to make customers "opt out" of the "automatic" overdraft protection. A "courtesy" they had previously extended to all their customers. Thanks indeed!!!! Vultures..the whole lot of them!