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ON BANKS REFUSING CASH WITHDRAWALS
http://www.barnhardt.biz/ ^ | 1/19/12 | ANN BARNHARDT

Posted on 01/19/2012 5:17:54 PM PST by Kartographer

I have received enough calls and emails on this within the last few weeks to A.) cause concern and B.) merit a post. People are having difficulty withdrawing cash from banks. I just received the SECOND call on this from California this week. The question is, do banks have the right to deny you cash withdrawals?

The answer is NO. They do not. And both of the men I have heard from in California were obviously being bee-essed by their bank. The bank couldn't cite statute, and then started haggling over the amount of cash withdrawals they would allow. That's your dead give-away. If there were ANY statute or actual rule, the bank wouldn't set up a conference call and then start

(Excerpt) Read more at barnhardt.biz ...


TOPICS: Business/Economy; Conspiracy; Weird Stuff
KEYWORDS: bizarro; cuespookymusic; doommonger; kookstuff
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I am posting this as it was forwarded to by a reliable source and Ann Barnhardt has shown herself to be a straight shooter in declaring the 'slight of handle' swindler mentality that seems to now pervade the present financial system. So take it as you will, but I would like to hear from anyone else who has heard of actually ran into this.
1 posted on 01/19/2012 5:17:56 PM PST by Kartographer
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To: Chunga85; Utmost Certainty; Lurker; FromLori; azhenfud; Wolfie; UCFRoadWarrior; blam

PING!


2 posted on 01/19/2012 5:24:21 PM PST by Kartographer ("We mutually pledge to each other our lives, our fortunes and our sacred honor.")
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To: Kartographer

Hum? I bank with Wells Fargo, and when we opened our account years ago, they told us as long as there was money in your account you could get, with the exception if you ever wanted more than $10K it would take a day.
That has never been an issue for us, so can’t say if they would refuse.
Now there is a limit on ATM machines but I think that is some kind of security issue.


3 posted on 01/19/2012 5:29:00 PM PST by svcw (For the new year: you better toughen up, if you are going to continue to be stupid.)
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To: Kartographer

Sounds like Bank of America to me.


4 posted on 01/19/2012 5:29:15 PM PST by dools0007world
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To: Kartographer

Big shell game by the broke State of CA. Aided and abbeted by a broke Federal grubment. The day of reckoning is coming.


5 posted on 01/19/2012 5:30:14 PM PST by VRWC For Truth (Throw the bums out who vote yes on the bailout)
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To: Kartographer

2 strongest banks for each state?

By what standard of evaluation?

Capitalization?

Reserve?

Size?

Loan ratio?

Seems to me to be pretty open ended.

Many small banks are actually in much better shape than the big boys when you look at the actual net worth and the type of investments they make.


6 posted on 01/19/2012 5:32:10 PM PST by Texas Fossil (Government, even in its best state is but a necessary evil; in its worst state an intolerable one)
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To: Kartographer
Getting Out Of Dodge
7 posted on 01/19/2012 5:32:43 PM PST by blam
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To: Kartographer

I heard recently that if you don’t have a “NOW” account then they can take their sweet time giving your money back.


8 posted on 01/19/2012 5:35:34 PM PST by Revel
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To: Kartographer

Ms. Barnhardt is hard core!

“Q: Ann,
What do you think of the Marines who peed on the dead Taliban?

A: I have little sympathy for men who live their lives wiping their anuses with their bare hands after bowel movements, and who view as the pinnacle of human pleasure inserting their genitals and depositing their semen into the feces-laden rectums of boys and other men, who suddenly get squeamish about dead bodies being sprinkled with a bit of urine - which is sterile by the way. Those dead Taliban were probably the cleanest they had ever been in their adult lives after being showered with the righteous tinkles of those Marines. Ooh-rah. That is all. Carry on. “


9 posted on 01/19/2012 5:35:42 PM PST by dynachrome ("Our forefathers didn't bury their guns. They buried those that tried to take them.")
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To: Kartographer

Banks have always demanded a few days notice for large cash withdrawals because they don’t have that much cash at any time physically to give you.

I needed $68k in 1980 to buy an airplane and I had to give the bank 3 days notice so they could get it delivered from the Federal Reseerve bank.


10 posted on 01/19/2012 5:37:34 PM PST by dalereed
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To: Kartographer

There two reasons that I know of for a bank not to give you all the cash that you demand legally. Many will limit cash withdraws to 10k with out notice. Some small branches such as those in grocery stores might have lower limits due to amount of cash on hand. The second reason is that your deposits have not cleared and they limit the amount you can withdrawn based on your history with the bank.


11 posted on 01/19/2012 5:51:08 PM PST by ThomasThomas (The right has common sense , the OWS folks have common scents.)
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To: Kartographer

I remember this nutcase, Ann Barnhardt.

She was the one promoting (promoting herself) a conspiracy theory about the Seal Team Six unit that got Bin Laden being deliberetly taken out by our own people while on a later mission in Afghanistan (supposedly to cover up some secret truth about what really happened - like it wasn’t really Bin Laden).

Sorry - omce bitten is enough; twice burned is unnecessary.


12 posted on 01/19/2012 5:52:15 PM PST by Wuli
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To: Wuli

Any thing Ann Barnhardt says is more truthful than what is coming out of the White House. Zero is the nutcase and worse, a Marxist.

And she is dead right about the filthy homosexual lifestyle of the Middle East—they rape the little boys and sodomize girls. If you don’t think so-—you are living in a fairy tale. The urine probably did clean them off. it is sterile.


13 posted on 01/19/2012 6:20:59 PM PST by savagesusie (Right Reason According to Nature = Just Law.)
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To: dalereed

Why didn’t you just get a cahiers check?


14 posted on 01/19/2012 6:21:41 PM PST by Nifster
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To: dalereed

Why didn’t you just get a cashiers check?


15 posted on 01/19/2012 6:22:01 PM PST by Nifster
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To: Wuli

Hadn’t heard that, but then the whole Bin Laden thing has been ‘hinky’ from the start with both the Seal Teams and Powers that be claiming and then disclaiming things. I say we do not know exactly what happened other than that Bin Laden is dead and more than likely will NEVER KNOW exactly what went down.


16 posted on 01/19/2012 6:23:43 PM PST by Kartographer ("We mutually pledge to each other our lives, our fortunes and our sacred honor.")
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To: dalereed
I needed $68k in 1980 to buy an airplane and I had to give the bank 3 days notice so they could get it delivered from the Federal Reseerve bank.

The DEA should have seized your money until you could prove it was not proceeds from the sale of drugs.

17 posted on 01/19/2012 6:28:27 PM PST by Ken H (Austerity is the irresistible force. Entitlements are the immovable object.)
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To: savagesusie

she is a self-promoter more than anything else, and whether or not she is O.K on some issues it does not change the fact that she has been a nut-case promoter of some dumb unfounded conspiracy theories in the recent past, and my view is that she has not gotten enough public notice lately and so is hyping another unproven conspiracy - banks refusing to allow a customer to cash-out an account


18 posted on 01/19/2012 6:31:43 PM PST by Wuli
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To: Texas Fossil

Many small banks are actually in much better shape than the big boys when you look at the actual net worth and the type of investments they make.
************************************************
If you mark their assetts to true current value there’s not a single person here that isn’t at least a few dozen billion better off than BAC , WF and JPM.


19 posted on 01/19/2012 6:33:54 PM PST by Neidermeyer
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To: Ken H

Flashing back to money and banking class in the 70’s. Seems to me a healthy bank in those days would never roll their $$ (may have been restricted by regulation) more than seven times.

Heard on a heritage program a few days ago that the banks like Lehman had turned their deposits (reloaned) up to 40+ times when they failed.

They also said this couldn’t happen today because the “litmus test” passing banks will have no more than a 20 time exposure of loans to deposits.

Our money and banking system and our Federal Reserve with a congress and president as accesories after the fact is going down with all hands, there are no lifeboats.

Even so, Gold Standard, come! (while I contemplate the Dark Side of the Moon concert)


20 posted on 01/19/2012 6:38:27 PM PST by Billyv (Freedom isn't Free! Get off the sidelines!)
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To: svcw
if you ever wanted more than $10K it would take a day.

I cashed a > $10k check back in September. They did everything but take a DNA sample, but I walked out with cash in less than 20 minutes.

/johnny

21 posted on 01/19/2012 6:41:31 PM PST by JRandomFreeper (Gone Galt)
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To: Nifster

Or a wire


22 posted on 01/19/2012 6:41:43 PM PST by HereInTheHeartland (I love how the FR spellchecker doesn't recognize the word "Obama")
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To: Nifster

The people wanted cash so they got cash.

Getting it from the bank was no problem, they just wanted 3 days notice.

Hot rods and custom cars are sold the same way, CASH!!!!


23 posted on 01/19/2012 6:44:31 PM PST by dalereed
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To: Nifster

Or a wire


24 posted on 01/19/2012 6:46:09 PM PST by HereInTheHeartland (I love how the FR spellchecker doesn't recognize the word "Obama")
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To: Kartographer
How big are these withdrawls?

If it is $1000.00 that is one thing. If it is $10,000 quite another. I once went to a bank to cash a rather large check and was told that they would have to ask me to come back tomorrow as giving me that much cash would seriously depleat their cash supply. This was about 15 years ago.

25 posted on 01/19/2012 6:46:52 PM PST by Harmless Teddy Bear (In the good times praise His name, In the bad times do the same, In everything give thanks)
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To: Ken H

BS!!!

I always keep $80-100k in my checking account and have no problem getting large amounts of cash any time I want it, I just have to geve them notice so they can have iut on hand.


26 posted on 01/19/2012 6:47:52 PM PST by dalereed
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To: JRandomFreeper

That is interesting. I just accepted the one day, because I figured it would never come up. DNA ok that’s funny....


27 posted on 01/19/2012 6:49:53 PM PST by svcw (For the new year: you better toughen up, if you are going to continue to be stupid.)
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To: HereInTheHeartland

“Or a wire”

I’m too cheap!!

A wire costs $35 to send and $25 to receive!


28 posted on 01/19/2012 6:50:07 PM PST by dalereed
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To: Neidermeyer

Yep, pretty frightening pea and shell game.


29 posted on 01/19/2012 6:57:42 PM PST by Texas Fossil (Government, even in its best state is but a necessary evil; in its worst state an intolerable one)
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To: dynachrome

Just damn.

Bookmarking so I can incorporate this into an email signature.


30 posted on 01/19/2012 6:58:09 PM PST by PLMerite (Shut the Beyotch Down! Burn, baby, burn!)
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To: Kartographer

If the customer wants to withdraw a hundred dollars and the bank says no, only fifty per day, what is the depositor going to do? Sue them? Come back with a gun? Pound on the table?
When the police arrive who is going to be arrested? The bank teller or the customer?


31 posted on 01/19/2012 7:08:59 PM PST by count-your-change (You don't have to be brilliant, not being stupid is enough.)
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To: dalereed

Good. You should have no trouble proving in court that your money is not ill-gotten.


32 posted on 01/19/2012 7:11:19 PM PST by Ken H (Austerity is the irresistible force. Entitlements are the immovable object.)
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To: dools0007world

“Sounds like Bank of America to me.”

Bingo. I tried to cash a check at BOFA a year or so ago for $3,000. You would have thought I was robbing Fort Knox. The teller looked at the check like it was a snake then called the Head teller over. First they tried to say I had opened my account in another state. I said no I had opened it in Atlanta. Then they tried to say I hadn’t had the account very long. I said isn’t 17 years long enough? Then the head teller asked me why I wanted to cash a $3,000 check. I told her it was none of her business and just give me the money. Finally I told her if they didn’t give me the money I was going to close the accout and take all the cash out. It was bizarre!!!!! They finally cashed the check like they were doing me a special one time favor. I closed the acct out a month or so later. I can only imagine how much worse it has gotten since then.


33 posted on 01/19/2012 8:22:39 PM PST by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped.)
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To: Wuli

Was there any proof that was Bin Laden. Are there any witnesses.


34 posted on 01/19/2012 8:35:29 PM PST by mouse1
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To: Kartographer

Duhhhhhhh, - - - - have these California Banks forgotten about customers using ATM machines?


35 posted on 01/19/2012 8:45:32 PM PST by Graewoulf (( obama"care" violates the 1890 Sherman Anti-Trust Law, AND is illegal by the U.S. Constitution.))
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To: Georgia Girl 2

An old friend of mine had a business partner/mentor who was pretty successful.

His daughter had authorized access to one of his accounts. She was going on a trip, and she stopped at the branch bank at the airport to get some cash; I think it was a thousand or so (this was around 40 years ago).

The teller told her that her account didn’t have any money in it so she couldn’t make any withdrawal. The daughter had never been told this before, so she got her dad on the phone.

He talked to the teller and then the teller’s supervisor. They didn’t know what a “zero-balance lockbox account” was, so he had to explain it to them. It was an account that kept a zero balance, but payouts from the account would automatically trigger a transfer of the required amount from a backup account in his own name. He further explained to them that he kept an average of $750,000 in the backup account, and if they didn’t get their act together on the spot he’d pull all his finances from that bank.

After calling “downtown,” the teller and her supervisor finally came to Jesus, and gave the daughter her cash.


36 posted on 01/19/2012 9:00:00 PM PST by Erasmus (Singing: "Zhivago, Zhivago, you come when I'm sick...")
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To: dalereed

A cashiers check is the same as cash but with a paper trail. It is a guaranteed check with money held essentially in escrow. I know folks who buy and sell some fancy cars and planes and they use this device.


37 posted on 01/20/2012 12:24:30 AM PST by Nifster
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To: Kartographer

Ann IS the Honey Badger!


38 posted on 01/20/2012 4:02:56 AM PST by ebshumidors ( Marksmanship and YOUR heritage http://www.appleseedinfo.org)
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To: Georgia Girl 2

I closed my BoA account almost 9 months ago. Live in a small SC town in the upstate. Everyone knows everyone. Plus my wife is very good at estasblishing a personnal relationship with bank employees.

Long story short, the manager asked why we were closing the account. We told her we had lost confidence in BoA. We said we were sorry it had come to this and that it had nothing to do with the local branch or people. The problem was the ongoing reports that BoA was in trouble and that it persisted in making large numbers of subprime loans.

The manager was very gracious. So our experience was nothing like yours.

We switched to the one and only small and local bank in town. The owner had been picking off the best people from BoA and an S&L over the years. Very competent staff. The bank follows all good bank practices. The only down side is ATM access. We get four withdrawals a month from any ATM fee free. After that we’re liable for the fee. So far we’re doing fine with that.

I have American Express to use if we’re traveling and exceed the 4 ATM withdrawals. Since we pay off our AMEX bill every month this amounts to a no charge transaction.


39 posted on 01/20/2012 5:18:48 AM PST by dools0007world
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To: Erasmus

Fortunately I never had my personal account at BOFA. Only my corporate account. Every Friday I used to pull up to the drive in window and cash a check for the weekend. I made it out to myself and then signed the check and then endorsed it on the back. The tellers always looked at the check with that deer in headlights look and then they would ask me if I had an account with their bank. It never failed. I always had to tell them it was my account.

Unfortunately BOFA has been nearly insolvent for about 5 years. One day the govt will finally let them go under like they should have a long time ago. Chase and Wells are not much better.


40 posted on 01/20/2012 6:45:22 AM PST by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped.)
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To: Wuli
I didn't think they got OBL when I first heard about it. It is highly likely that OBL didn't survive Tora Bora. The Indian and Chinese press said that a squabble among bodyguards and others led to OBL and Mullah Omar getting shot but that Omar survived. Omar did, indeed, turn up some time later. OBL never did. When a tape came out as from OBL the CIA first doubted it then said something that, when parsed, meant well maybe so, or well, some people think so. That was my own take. I still think that whoever the unfortunate fellow was that Seal Tram 6 killed, it was not OBL. Politically OBL was indeed finished by the operation. I think the government/military kept him "alive" because were it made public that he was dead at Toa Bora the clamor domestically for the US to withdraw because we had Won The War would have been politically deafening and continuing it would have been politically very difficult.

OBL was never the reason we went into Afghanistan. Disrupting AQ and its fellow organizations and getting an American presence in Central Asia were very important and we needed OBL to stay alive while we did that. The kenyan wanted/wants to get out of Asia and to lay off his Islamist colleagues so OBL was "killed."

41 posted on 01/20/2012 7:17:47 AM PST by arthurus (Read Hazlitt's "EconomiIt is not impossibllcs In One Lesson.")
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To: Nifster

A cashiers check is the same as cash but with a paper trail.


Not exactly the same as cash. However there are cashier check scams in today’s environment more so with the advent of the internet.

Do a search on cashier check scams and you find some interesting info.


42 posted on 01/20/2012 7:29:21 AM PST by deport (..............God Bless Texas............)
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To: Kartographer

Class warfare warrior.


43 posted on 01/20/2012 7:34:03 AM PST by verity (The Obama Administration is a Criminal Enterprise.)
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To: Erasmus

“They didn’t know what a “zero-balance lockbox account” was,”

I’d never heard of that type of account. Are they still around and what is the benefit?


44 posted on 01/20/2012 9:09:09 AM PST by CSM (Keeper of the "Dave Ramsey Fan" ping list. FReepmail me if you want your beeber stuned.)
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To: Kartographer

We operate with two currencies intermingled.
One is physical dollars, of which most is on loan to someone else.
Other is debt dollars, which exists entirely in the form of transferrable digital IOUs (making a chain back to the Federal Reserve).
The former is about 1/10th of what’s claimed to exist. Much of what exists is locked up in very large very secure vaults, and isn’t going anywhere.
The latter is impossible to withdraw per se, as it has no form beyond recorded debt.
So yeah it’s hard to cash out in large amounts. There isn’t enough paper dollars to go around.


45 posted on 01/20/2012 9:22:37 AM PST by ctdonath2 ($1 meals: http://abuckaplate.blogspot.com/)
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To: CSM

My friend’s story is the only time I’ve heard of them too. It sounds like a ‘virtual’ account in which you keep no balance, but you can dispense funds from, triggering automatic transfers from some master account.

I suppose it’s a way of tracking your expenditures, or those of your agents and assigns. It probably sidesteps certain bank expenses, such as the minimum balance requirement. I wouldn’t be surprised if there were tax advantages, since tax issues now pervade every aspect of our lives.


46 posted on 01/20/2012 12:46:17 PM PST by Erasmus (Singing: "Zhivago, Zhivago, you come when I'm sick...")
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To: Georgia Girl 2

Banks are so strangely idiotic. I guess it rubbed off from their intimate contact with the gummint since basically forever.

BTW, I should explain that the bank mentioned in my story was not the B of A.


47 posted on 01/20/2012 12:50:21 PM PST by Erasmus (Singing: "Zhivago, Zhivago, you come when I'm sick...")
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To: Erasmus

Interesting.....


48 posted on 01/20/2012 4:52:38 PM PST by CSM (Keeper of the "Dave Ramsey Fan" ping list. FReepmail me if you want your beeber stuned.)
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To: Georgia Girl 2

“Bingo. I tried to cash a check at BOFA a year or so ago for $3,000. You would have thought I was robbing Fort Knox. The teller looked at the check like it was a snake then called the Head teller over. “

Tell me more about the check. I assume it was made out to you. Did you sign it or did someone else? Was it drawn on another bank?


49 posted on 01/20/2012 5:08:50 PM PST by greeneyes (Moderation in defense of your country is NO virtue. Let Freedom Ring.)
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To: greeneyes

“Tell me more about the check. I assume it was made out to you. Did you sign it or did someone else? Was it drawn on another bank?”

It was a check from my BOFA corporate checking account which I made out to myself and signed. I had had an acct at that bank for 17 years. They did the same thing to my fiancee’ who also had a corporate checking acct there. In fact they told him that any check over $5,000 you had to order the cash 2 days in advance. I kid you not.

A bank that is basically insolvent does not have much cash. They barely keep enough cash to do that day’s business. Anytime one of the 4 largest banks in the country cannot cash a $3,000 check there is a big problem.

Thankfully we are gone from BOFA never to return. We moved everything over to a small Asian owned commercial international bank where I have had an acct for years. They will move millions around for you all day long no problem.


50 posted on 01/20/2012 8:39:57 PM PST by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped.)
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