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 ...
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
Or a wire
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!!!!
Or a wire
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.
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.
That is interesting. I just accepted the one day, because I figured it would never come up. DNA ok that’s funny....
“Or a wire”
I’m too cheap!!
A wire costs $35 to send and $25 to receive!
Yep, pretty frightening pea and shell game.
Just damn.
Bookmarking so I can incorporate this into an email signature.
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?
Good. You should have no trouble proving in court that your money is not ill-gotten.
“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.
Was there any proof that was Bin Laden. Are there any witnesses.
Duhhhhhhh, - - - - have these California Banks forgotten about customers using ATM machines?
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.
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.
Ann IS the Honey Badger!
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.
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.
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