Posted on 12/14/2017 2:31:57 PM PST by grundle
“So get the bank to cancel the check, and issue a new one - and this time, go pick it up in person, ya lunkhead.”
You can’t cancel a bank draft. Only the bank can cancel it.
Next time, do a direct transfer or wire transfer.
“Given the documentation mentioned, the carrier UPS is liable.”
UPS liability policy is in black and white.
That was a pretty stupid way to get the check issued... Who suggested it? Waiting for an ordinary check to clear would make far more sense.
I hope that bank’s CEO has to go before Canada’s parliament.
” certified check “
Bank draft.
Not ten minutes ago I was driving behind a FedEx truck with its rear door entirely rolled up and packages slipping and sliding around on the floor.
Who in the world would attempt to cash a $846,000 check not made out to them? Heck, I deposited a $21,500 check from my insurance company and the bank wouldn’t release all the funds for a week.
There is another thread about this, with quite a few posts.
Seems like UPS only owed a refund of shipping fees. It is wrong to indicate otherwise, IMHO.
So essentially, they entrusted a delivery service with almost a million dollars cash. What could possibly go wrong?
Triple stupidity here -
“Hey just overnight me a million dollar check with no insurance!”
UPS loses the envelope and says it’s not their fault. Which I agree to a certain point.
The bank WROTE the draft and HAS the money (and is getting the interest) and says they candonuffin
He hired UPS to ship the bank draft to a nearby UPS store.
Idiot.
Canadian bank law and practices may be a lot different from those in the USA. But I once faced a similar situation, and I had no trouble getting the issuing bank to initiate a stop-payment order, plus give me a refund.
Who in the world would attempt to cash a $846,000 check not made out to them? Heck, I deposited a $21,500 check from my insurance company and the bank wouldn’t release all the funds for a week.
...and that’s pretty standard procedure for a large bank deposit, just in case the bank that issued the check claims it is fake, canceled, etc.
I don’t know what kind of shenanigans TD is trying to pull. It seems simple enough to cancel the old check and re-issue a new one.
Way to not read the article, ya lunkhead.
Smells of lawsuits ...
It IS cash....to the person it is written to...
Like Lavender and fresh laundry?
Or like Muddy Puppy?
Oh!...Wait! ... I've got it.
Three day old fish heads in Nuoc Mam.
I agree that the bank is the bad guy, but Canadian law could also have something to with it.
Wire transfer for sure.
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