After losing family’s $846K inheritance, UPS offers to refund $32 shipping fee

NY Post ^ | Dec 14, 2017 | Max Jaeger

[Oshkalaboomboom]

I can't see why losing this check is being used as an excuse for maxing out his credit cards. Sounds like he was spending his inheritance before he received it.

[skinndogNN]

Whoever gave UPS the ability to lose, or not to lose, that much money is the at fault.

Any shipping company for that matter.

[Kozak]

Never heard of a wire transfer?
Morons.

[eyeamok]

The only thing preventing the Bank from putting a STOP payment on the Draft and issuing a New one is GREED!!!

[Vendome]

Well, it’s not a total loss...

[Puppage]

Well, it’s not a total loss...

Hysterical....and quite true.

[TangledUpInBlue]

Have they never heard of a stop payment?? This story smells like BS to me.

[cyclotic]

Some people are kind of stupid that way.

I received a decent inheritance a few years ago. We gave some to the kids college funds and did a couple repairs on the house. Besides that, it’s all in retirement savings and growing bigger every day #MAGA

[csvset]

They couldn’t do this electronically? As far as driving the 270* miles, what the heck, take a cab, it’s $ 800K , you can afford it.

* Even if it was 540 miles round trip, I’d have gone to get it.

[lee martell]

UP should pay this family for what their own employees lost.
Is there no way to cancel the value of an issued Bank Draft?
There should be. Bank Draft polices have probably been overlooked, as there are more modern ways to transfer funds now. The $32.00 refund is an insult.
I would be publicizing this event from the rooftops, were it me. People should be warned about the present policies of UP.

[shotgun]

Canada hasn’t invented electronic banking yet...

[deks]

TD Bank won’t refund the money unless he signs an agreement to pay back the bank if someone cashes the lost draft (claiming it does not expire like regular checks).

[ican'tbelieveit]

I had to rollover a retirement fund, and they required I do it through paper check. Ridiculous in this day.

[Oshkalaboomboom]

I received a decent inheritance a few years ago. We gave some to the kids college funds and did a couple repairs on the house.

I had a nice stock and savings plan at work. Instead of cashing anything in I left it accumulate until it was worth over a million dollars. Then the stock lost over 95% of its value. I didn't even get a decent dinner out of it. The bright side was that I ended up a lot better off than many of my coworkers who used theirs as collateral for loans. Many of them were ruined.

[Gay State Conservative]

Yup,saw it.Seems to me that it would be pretty easy to put a stop payment on the check.Although the issuing bank might not replace it immediately they'd certainly replace it at some point.

Of course they should be able to sue UPS for damages incurred as a result of the delay in getting the funds.

[tbw2]

Agreed. Someone should be able to say “we never got the check, issue a new one”. And if someone tries to deposit the old one can now be prosecuted for theft and/or fraud.

[tbw2]

We ran into that, too.

[montag813]

I worked at a bank. They can easily cut a new check.

[Vaquero]

Who would ship that much cash by ups??? Something odd there

[scripter]

I was going to move one of my 401(k) accounts and asked what the best method was. They told me to have a check made out to the new organization, then make a copy of the check, send the copy to the new organization and then they'll tell me what to do with the real check.

What!? That's ridiculous. I opted to not move my account.