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 Replies: 47 / Views: 4,315 |
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Pillar of the Community
United States
830 Posts |
I did notice Kitco won't take checks or money orders over $7500. Don't know if that's a Canada thing or not.
Edited by GoThunder
08/25/2011 12:42 pm
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Rest in Peace
United States
9104 Posts |
Quote:
I never deposit more than $2,500 in cash a month. If I understand correctly which may be wrong the tracking is for cash and not checks? Dunno how long structuring applies. In most cases, common sense applies, until someone gets a wild hair. |
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Rest in Peace
United States
9104 Posts |
Quote:
I will never forget, years ago my dad was getting a large amount out on a card seems like, and the teller gave him the run around, he told her...."I bet if I was not wearing this camo chiller killer and shaved my beard, and had a nice suit on, you would not be giving me this grief!" Bigger banks are run by bean counters, and they don't always think on a personal level. Years ago, one of these geniuses ran the numbers are figured how much cheaper an ATM was than a hoomin bean. New rule: if you have less than $20,000 in your account, you use the ATMs only. That lasted a few months before a nationwide revolt made them reconsider. Back when banks didn't watch lock boxes as well, a good thing to store in them was dead fish. |
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Rest in Peace
United States
9104 Posts |
Another consumer-unfriendly policy is charging to cash checks. If you don't have an account, I can understand there are risks involved, open an account and deposit it there.
The other day, fifthturd wanted some ridiculous amount like $80 to cash a several thousand dollar check from my brother to me, written on their bank! I took it a few blocks out of the way to my bank, got it cashed, no problem.
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New Member
United States
34 Posts |
Yeah, fees for cashing checks are becomming the norm especially after the new overdraft regs.
Banks are actually under no obligation what so ever to cash one of their checks for a non-customer.
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Pillar of the Community
 Canada
1502 Posts |
@hawk:
Exactly how I felt, a suit and tie instead of runners and windbreaker may have made the difference. When did the bean counters (@fred) get it in them to feel a step above everybody else.
Do realize that it's likely an issue with the particular teller/manager/branch, and will stop my rant. But man... @!#$%
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Pillar of the Community
United States
1064 Posts |
I LOVE my bank; haven't been inside in several years, so they probably like me a lot, also. Everything is ATM, or mail, or on-line, and I don't use much in the way of actual money, 99% cred card. Direct deposit for income, don't seem to get charged for anything. Only downside is the interest they pay, it's like 1/8th of a per cent, really basically nothing!
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Pillar of the Community
United States
830 Posts |
I like mine too, the other day I asked if they had any half dollars and they showed me a tray that I noticed had 2 40% Kennedys. I made my deposit and gave them a dollar for the halves and said thank you.  |
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Pillar of the Community
United States
4008 Posts |
Quote:
Was finally told that they were doing me a favor depositing the cash without a proof of sales (on private sales of non-taxable bullion items no less!) and that this would be the first and only time. I have not experienced that but if I did would be VERY strongly tempted to look them in the eye and say, "You're exactly right. Please close my account and give me a certified bank check for the balance". Quote:
The idea is to prevent piles of drug and other illegal money floating around. Considering the state of the US economy and the fact that the so-called war on drugs hasn't worked, maybe they might want to rethink that policy? Quote:
I LOVE my bank; haven't been inside in several years, so they probably like me a lot, also. Everything is ATM, or mail, or on-line, and I don't use much in the way of actual money, 99% cred card. Direct deposit for income, don't seem to get charged for anything. So at about this time I am wondering whether you really need a local bank at all. How about one of those Internet accessible banks? Some of them pay a bit more interest than the B&M joints and offer the same services that you need. My bank is a CU and they are excellent. Unlike most banks, these folks know what the word "service" means and they do a great job of it. I do quite a bit of business with them and it is always a pleasure. I especially like their free notary and witness services for important documents. |
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Pillar of the Community
United States
3670 Posts |
"Another consumer-unfriendly policy is charging to cash checks. If you don't have an account, I can understand there are risks involved, open an account and deposit it there.
The other day, fifthturd wanted some ridiculous amount like $80 to cash a several thousand dollar check from my brother to me, written on their bank! I took it a few blocks out of the way to my bank, got it cashed, no problem."
The Vol market which I mentioned in another post, about them shooting the thief, an calling the police an asking them "To come an get the dead robber out of their doorway" story, and they all carry glocs, an have pump shotguns hanging everywhere....
They run a check cashing service, charging like 1 buck for every one hundred. And it is on the edge of the rough side of town hence all the weapons, way up on the east side. And there is often people getting their paychecks, well fare checks, tax return checks, whatever cashed, and they literally make a killing off of that service NO QUESTIONS ASKED, most cases as long as you have identification and not a two party check. They have a deli as well which runs like a machine, and they make much off of the check cashing an food. My father is friends with a couple of the brothers who own it, an said they do in fact make much money off of cashing checks, as I have seen them lined out the door before waiting to cash their checks....
Funny people will spend five or six bucks just for the convenience of being there and not the bank. Foolish in my mind, if you can get it cashed for free at your local bank or whatever....
Edited by Silverhawk74
08/25/2011 11:48 pm
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Pillar of the Community
Canada
1502 Posts |
Reminds me of a bank robbery B movie about a guy who don't have enough money in his bank account to pay for the transaction fee To withdraw his money out of the account. Such is the price we pay to not pay with silver and gold.
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Rest in Peace
United States
9104 Posts |
Another US law that most people aren't aware of:
Demand deposits (checking) are available on demand, but they are not obligated to give you cash. You go in to grab a fast ten grand, you may find yourself holding a bank check.
Time deposits (savings) are available only if they feel like it. By law, they can hold your money for IIRC 90 days after you ask for it.
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Pillar of the Community
United States
931 Posts |
I had a good day at the bank the other day. I had a gold transaction that seemed like it was going well and at the very end of the deal it started smelling like a scam. At this point the other party knew exactly where I did my banking. It was a passbook account with a fairly large number in it. He had gathered a lot of my personal information throughout communication on the deal ( no account numbers or anything ) so I decided to simplify things and close the account. I walked in, handed her the passbook and told her that I was closing the account and wanted $2000 in cash and a cashier's check for the balance. Five minutes later I was out of the bank with my money and no government forms were filled out. Easiest large transaction in a long time.
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Pillar of the Community
United States
830 Posts |
Yeah you can't be too careful with strangers.  |
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Pillar of the Community
United States
1064 Posts |
@Ed_B Quote:
So at about this time I am wondering whether you really need a local bank at all. How about one of those Internet accessible banks? Some of them pay a bit more interest than the B&M joints and offer the same services that you need.
You're absolutely right; I started online with ING, then switched to CMAC Bank (now named Ally Bank), as they paid a little more. And, as you say, they are ALL now paying so little, it's hardly worth it. All my income is EFT to a credit Union in Boston (Used to be the Telephone Workers' Credit Union, but now there are so few 'telephone workers', it changed to Liberty Bay!). I think they pay savings rates of 1/4 of a per cent, but all services are free. Ally pays 9/10 of a per cent, and falling! |
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Replies: 47 / Views: 4,315 |
First Page
Posted 08/25/2011 1:36 pm
