After getting our 2004 refund check back (hooray) I go to deposit it today in my bank account. They refuse to take it saying it has to go into an account with both our names on it - trouble is, we do not have a joint bank account. It is signed over by my husband on the back.
I deposited our state refund check which was for about 1/10th of the amount with both our names on it about three months ago without problems.
Our 2003 refund check which was also a large amount went into my husbands account with both our names on it without any problems.
I do not want a joint account and apparently I cannot deposit this check into the bank. It will be interesting to see if my husband can deposit it into his account without being asked where I am.
Their reasoning for doing this is that the IRS will most likely return it if it goes into an account with just one person named on the account.
Yes, they do. Or at least the tellers do anyway.
It may be that there's a perfectly clear and sensible set of rules laid down by the bank, but nobody thought to tell the tellers.
Of course pigs may also fly when nobody is watching. )
Anyway, check is now deposited. We both went up to the bank together and Mr Dianey handed over his drivers license and all is good. However, the reasoning they gave me for not being able to deposit it is that the IRS would likely return it.
The IRS will have no clue whether Mr Dianey presented himself and his drivers license in person will they?
So I think it was a case of they didn't want a potential angry Mr Dianey show up at their bank after Mrs Dianey spent all the money on high heels. wink
Sounds about right, probably happens a lot.
You can get maybe around this by depositing the cheque via an ATM.
Happen here too . . . .well I thought John had stopped me dipping in to funds
You can get maybe around this by depositing the cheque via an ATM.
That would break Made Up Rule No 364 - Do not deposit large checks into ATM. Which probably isn't a real rule either but that's one I heard a couple of years back. However, I don't know what their definition of large is.
I don't know what their definition of large is.
Depends how far their cashiers can count. On a bad day, more than 10 bucks is large :D
My routine is to ask for a manager, tell them my problem. If they are not able to solve the problem, I ask them to pull up my accounts, ask if they wanted to wave them goodbye and be copied on my letter of complaint to head office. So far I have had the same bank since 1968.
Do Banks make up the rules as they go along?
Remove "Banks"
Replace with "All Corporations"
Answer = YES.
This happened to us a couple of years ago. I just walked around the corner (in Boston) to another branch of the same bank and deposited it without any problem.
An alternative would be to use an ATM to deposit it.
A final solution - the one I ultimately chose - close the account and move to another Bank.
The offending bank was Sovereign, who would periodically loot my account (once for $20,000 - when I had a balance of $1000) and then claim it was all my fault. Each time I would threaten to report the loss to the Police and within minutes the account would be mysteriously be reimbursed... Sovereign always denied any involvement. roll