Heads Up! - Bank Of America next Bank to Fall ?!?!

Waterman · 10-31-2008, 03:15 PM

There are laws on the books that payroll checks have to be cashed when presented.

Safe deposit boxes can be compromised and not available if a bank goes down.

Once a check is written and presented to the bank it is written on it is not lawful to charge for cashing the cash because legally those funds are owned by the person on the check.

The main item of contention to get the funds is that they want finger prints.

hmmmm?

10-31-2008, 03:15 PM	#25
Waterman Avalon Senior Member Join Date: Sep 2008 Posts: 345	Re: Heads Up! - Bank Of America next Bank to Fall ?!?! There are laws on the books that payroll checks have to be cashed when presented. Safe deposit boxes can be compromised and not available if a bank goes down. Once a check is written and presented to the bank it is written on it is not lawful to charge for cashing the cash because legally those funds are owned by the person on the check. The main item of contention to get the funds is that they want finger prints. hmmmm?