This is ridiculous. The bank still has the money. The bank (or the lawyer) needs to figure out how to get the money to him. UPS really only owed the refund of the shipping fee, unless the lawyer took out special insurance on the parcel, which seems unlikely.
It is unfair to imply tat UPS stole his money.
Anyone who ships a cash instrument via UPS is to stupid to have the money.
for 850k I’ll gladly drive 270 miles. something doesn’t add up here. you’re paying ups to deliver a check...you don’t insure the envelope...I’ve moved large amounts of money personally, and I don’t tell anybody, and carry.
The folks at the bank were idiots and gave their own client bad advice.
A wire transfer was a whole lot safer, and more direct. Once it is made the money is there, in the other account.
That advice would have been best even if the bamk’s internal dollar limits would have required more than one transfer, but TD says they do not have such dollar limits AND the charge is between $15 to $25 a transfer.
In other words the correct solution was not some paper delivery service - where’s the paper now????? - but a direct, bank account to bank account wire transfer that can be verified as complete in minutes.
TD did not lose it, but they did give bad advice.
Somehow TD & UPS should be able to “insure” loses to themselves should some party illegally cash the missing bank paper after TB bank returns the money they are holding.
Then the people should take the money out of TD bank, get an account in a different bank, and do the wire transfer to the party the money was suppose to go to.
And where are the public authorities that should be looking at this?
did they pay for insurance?
That’s mighty white of Brown.