I remember back before direct deposit was a thing where when I went to deposit a check in my own bank they would accept the check but then put a HOLD on it until the check cleared.
I suspect she was trying to cash the check and not deposit it. I doubt any bank would cash a $20,000 check from someone that was not a customer.
There are many reasons (other then racism) why she may have had problems cashing the check.
The article says she was trying to open a savings account with them.
“I remember back ... when I went to deposit a check in my own bank they would accept the check but then put a HOLD on it until the check cleared.”
Really. Our account balance is large enough that our asses are kissed at the bank. Even then, we understand that a check of $12k would have a hold on it. We are pasty-faced white people.
Why is this low-life gambling loser crying “racism”?
I suspect she has never had a check in hand this large ever before.
It is always customary for the bank to make sure the check clears before they make the funds available. Unless it is a cashiers check drawn specifically from that bank.
Plus, there have been FAKE cashiers checks circulating for years. In my wife’s business she was informed about this years ago. Do not accept a cashiers check from any bank for payment.
These fake checks go along with what as known as the “shippers scam”. The scammer sends you a cashiers check for a product worth thousands of dollars. You deposit the check in your bank. It seems legit because it is from a bank you have heard of before. You ship the product. It takes 10-14 days for your bank to notify you it is a fake cashiers check. By that time the scammer has your product and is never heard from again.
“I doubt any bank would cash a $20,000 check from someone that was not a customer.”
they won’t cash a check like that for even a good customer UNLESS that amount of cash already exists in an existing account ...
i had a casino check for 12 grand....took 2 days to clear..
I suspect you're right. She probably wanted to deposit $11,000 and take $1,000 in cash and the bank wouldn't do it until the check cleared.
The employees probably said something like, "We can't give you cash right now until the check clears. It's very unusual and it might be counterfeit so we have to be careful". That's much more likely than, "It's counterfeit. We won't deposit it".
Read the article to alleviate your suspicions...