chongo@nsc.UUCP (Landon Noll) (01/11/84)
i had a bank refuse to take cash for a deposit. they also refused a B of America teller check, even when the B of A manager called this "other" bank to verify the check. at first i tried to give them Citicorp trav. checks, but they seemed to feel that they were somehow drawn on a "fly-by-night" outfit. now that "other" bank said that they refused B of A teller check because B of A could not, in their words "show without a shadow of a doubt that the check was valid". (they were afraid that i would ask for a stop payment before they cashed it) they refused cash because "we dont have to accept this amount of cash"! i offered to deposit the money $1 at a time, but with their lines were too slow, so i took my business elsewhere. any ideas on what they had for breakfast that AM? :-) chongo <my other bank is NOT Security Pacific> /\$$/\
barmar@mit-eddie.UUCP (Barry Margolin) (01/14/84)
-------------------- now that "other" bank said that they refused B of A teller check because B of A could not, in their words "show without a shadow of a doubt that the check was valid". (they were afraid that i would ask for a stop payment before they cashed it) -------------------- I could understand this if you were trying to draw on this money immediately, but since you also tried to deposit cash it seems unlikely. Most banks don't make the money available until the check has cleared and the "real" money is in their possession. Question: They wouldn't take a teller check, they wouldn't take a traveller's check, and they wouldn't take cash. What's left, AmEx? -- Barry Margolin ARPA: barmar@MIT-Multics UUCP: ..!genrad!mit-eddie!barmar
john@hp-pcd.UUCP (John Eaton) (01/19/84)
#R:mit-eddi:-118000:hp-pcd:6400024:000:656
hp-pcd!john Jan 16 18:35:00 1984
I suppose that most banks would take cash and make change for it. After all if
they posted a sign saying that they couldn't make change for anything larger
than a $20 then some of the depositors might get worried.
Banks don't have to worry about getting phoney money. After all they are
professionals who handle money all day long. They can easily spot a bad bill
amoung the multitudes that they handle. If one does happen to slip in then
they can conveniently "find" it in someone elses night deposit envelope and
let them handle the loss and FBI.
You must remember the first rule of Banking:
Bankers Win
John Eaton
!hplabs!hp-pcd!john
guy@rlgvax.UUCP (Guy Harris) (01/20/84)
<squeak!>
Banks don't have to worry about getting phoney money... They can
easily spot a bad bill amoung the multitudes that they handle. If
one does happen to slip in then they can conveniently "find" it
in someone elses night deposit envelope and let them handle the
loss and FBI.
Ummm... has a bank actually done this, or is it merely hypothetical?
Guy Harris
{seismo,ihnp4,allegra}!rlgvax!guyjim@randvax.UUCP (01/29/84)
------- And then there are banks that refuse to cough up cash. I was starting a new account at an S&L, and needed to use cash in order to write a check within the next week. (Their policy is to hold even cashier's checks from a bank for 5 days before allowing one to write checks on it.) So I got a check for several thousand bucks from my credit union and went to the bank it was drawn on. They wouldn't give me cash for the whole thing! They gave me a few thousand in cash that I could hand carry, and the rest in a cashier's check ... and they charged me $2.50 for the cashier's check! Fooey! And the teller sneered and said that the S&L could just call them to verify that a cashier's check for the whole amount was good so that I could use it immediately (not true - I checked again at the S&L). Fooey! Maybe this should have gone to net.flame. Jim Gillogly I/ / randvax!jim I_/ jim@rand-unix I
plaskon@hplabsc.UUCP (Dawn Plaskon) (02/10/84)
I take exception to the inference that banks would act unethically upon discovering counterfeit money had been tendered. Banks are no more nor less unethical than people and although some officers might attempt what you suggest, most would not think of doing such a thing. I know, for I spent three years working in varied categories of the operations end of a bank. When counterfeit money is found it is turned into the Federal Reserve, and if the depositor is found (s)he is held liable. It is difficult to pin down who handed you which cash, though so in general, the bank will take the loss. This applies to over the counter transactions. Night deposits are different as each deposit is a separate entity which can not be verified in the presence of the depositor, therefore, the deposit is deducted afer the fact. Bankers are people, too neither better nor worse than the rest of us.