banking question

[IceBergSLiM]

I get Rent checks monthly.

In the past I've gone to the drawing bank in this case BOA and asked them to cash them. They said because I have an account i can only deposit the checks.

How Is this legal?

What I have to do now Is go in the bank with the BOA check and my ID and credit card(2 forms of ID) and then I have to lie to the teller explaining that I do not have an account and ONLY then will they cash it for me.

What is the deal with this? Please tell me why someone without the account gets the cash right away but as an account holder I would have to wait.

Has anyone esle experienced this?

 

[thepd7]

That's weird, man. In my experience banks are more inclined to cash your check if you DO have an account with them. Very strange indeed.

 

[PepePeru]

yeah that seems backwards...
where they'd charge a non-account holder extra to cash a check or they wouldnt even do it for a non-account holder.

have you tried a different branch?

 

[funkymatt]

I've had BofA refuse to cash a check from their bank because I did not have an account. it was made out to my business, but I had all the necessary documentation. The check was for ~$200

 

[slsmnaz]

I've cashed plenty of checks at BoA and never had that issue. (I have an account there)

 

[EagleKeeper]

I have seen people get charged a $5 fee for chashing BoA checks when they do not have an accouint.

If you have an account, there is no problem with cashing a BoA check.

You may wish to check with the branch manager on this.

 

[kranky]

You need to talk to the branch manager and explain that you want to cash the checks every month, and ask what arrangements need to be made so you can do that. I think they will accommodate you but it needs to come from someone higher up than the teller.

 

[IceBergSLiM]

Originally posted by: EagleKeeper
I have seen people get charged a $5 fee for chashing BoA checks when they do not have an accouint.

If you have an account, there is no problem with cashing a BoA check.

You may wish to check with the branch manager on this.

Is that legal though? Isn't a check essentially a promise of cash when you present it to the bank?

 

[wheresmybacon]

Originally posted by: EagleKeeper
I have seen people get charged a $5 fee for chashing BoA checks when they do not have an accouint.

If you have an account, there is no problem with cashing a BoA check.

You may wish to check with the branch manager on this.

This is also my experience.

One thing you may be running into is their "free checking" policies. I have a free account through them, and they pretty much do everything in their power to limit your dealings with real people. Just a thought...

 

[alkemyst]

This usually only happens when you don't have enough in your account to cover the check amount.

Other than that in a normal checking account they should cash anything you present.

 

[EagleKeeper]

Originally posted by: IcebergSlim

Originally posted by: EagleKeeper
I have seen people get charged a $5 fee for cashing BoA checks when they do not have an account.

If you have an account, there is no problem with cashing a BoA check.

You may wish to check with the branch manager on this.

Is that legal though? Isn't a check essentially a promise of cash when you present it to the bank?

When the check is from within the bank, the bank should have no problem verifying that there are funds to cover it.

Depending on the account, the bank may want to verify (ie check number is far from the normal sequence or the amount is unusual for the history of the account). This type of verification is usually setup by the account holder with the bank.

When the funds are drawn on another bank, it is up to the bank policy (at the branch discretion) to allow immediate access to the funds.

 

[torpid]

Weird. What do your deposit slips look like? On mine you put the amount of deposit and then where the amount should go (checking, savings, cash). Couldn't you just "deposit" it and ask for all of it in cash? If not couldn't you deposit it and then do a second transaction to withdraw cash?

 

[IceBergSLiM]

Originally posted by: torpid
Weird. What do your deposit slips look like? On mine you put the amount of deposit and then where the amount should go (checking, savings, cash). Couldn't you just "deposit" it and ask for all of it in cash? If not couldn't you deposit it and then do a second transaction to withdraw cash?

I don't know if I had gotten multiple incompetent tellers on previous occasions but today I went in and said Please cash this then deposit into my checking and they did so. From now I am making a stink if I am hassled.

 

[MetalMat]

They are probably too busy serving illegal immigrants and dont have the time to cash it for you.

Go to another bank, dont support BoA. They support illegal immigration.

 

[manlymatt83]

The BofA's in Boston cash my checks with no problemo, and I have two accounts.

-Matt

 

[alkemyst]

Originally posted by: MetalMat
They are probably too busy serving illegal immigrants and dont have the time to cash it for you.

Go to another bank, dont support BoA. They support illegal immigration.

WTF?

 

[thepd7]

Originally posted by: alkemyst

Originally posted by: MetalMat
They are probably too busy serving illegal immigrants and dont have the time to cash it for you.

Go to another bank, dont support BoA. They support illegal immigration.

WTF?

It's a reference to them not requiring certain forms of ID to open an account or something like that. It was big news a while ago.

Originally posted by: alkemyst
This usually only happens when you don't have enough in your account to cover the check amount.

Other than that in a normal checking account they should cash anything you present.

Agreed but if they let him cash it without an account why wouldn't they with one? I am assuming they have all the same info on his account that he provided when he cashed it.

 

[alkemyst]

IMHO a bank should worry about banking not citizenship.

The OP never said he COULD cash the checks without the account.

 

[IceBergSLiM]

Originally posted by: alkemyst
IMHO a bank should worry about banking not citizenship.

The OP never said he COULD cash the checks without the account.

Yes they let me cash the check with two forms of ID wihtout issue when I lie and say I do not have an account.

 

[Alistar7]

Originally posted by: IcebergSlim

Originally posted by: torpid
Weird. What do your deposit slips look like? On mine you put the amount of deposit and then where the amount should go (checking, savings, cash). Couldn't you just "deposit" it and ask for all of it in cash? If not couldn't you deposit it and then do a second transaction to withdraw cash?

I don't know if I had gotten multiple incompetent tellers on previous occasions but today I went in and said Please cash this then deposit into my checking and they did so. From now I am making a stink if I am hassled.

Does setting off a stink bomb in a bank count as a terrorist attack?

You have every right to cash the check if it was drawn through their bank, and demand that service if it is initially denied. Don't let those moranic looknigs give you a hard time, go over their head if needed.

 

[alkemyst]

Originally posted by: IcebergSlim

Originally posted by: alkemyst
IMHO a bank should worry about banking not citizenship.

The OP never said he COULD cash the checks without the account.

Yes they let me cash the check with two forms of ID wihtout issue when I lie and say I do not have an account.

I find that bizarre, esp that they didn't crossreference your identification to their account listing.

Is there details being left out of this?

There is no reason BoA should not cash a BoA check.