“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?
“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.