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Started By
Message
re: Circling sharks: Question for bank people
Posted on 2/17/15 at 2:08 pm to TigerPanzer
Posted on 2/17/15 at 2:08 pm to TigerPanzer
quote:
Is this s.o.p. at the average bank?
Yes it is and I'm guessing you were at a Wells Fargo.
1
Posted on 2/17/15 at 2:09 pm to FairhopeTider
quote:
Yes it is and I'm guessing you were at a Wells Fargo.
Bingo. Do you work for that institution?
Posted on 2/17/15 at 2:09 pm to TigerPanzer
quote:
Upper six figures. Not terribly large, but more than a week's pay.
I'm hoping my sarcasm meter is off.....otherwise
Posted on 2/17/15 at 2:11 pm to JG77056
quote:
Nah, 800k just isn't terribly large to anybody on the OT.
Which is why I felt comfortable presenting the matter to this forum.
Posted on 2/17/15 at 2:18 pm to TigerPanzer
quote:
quote: How big of a check? Upper six figures. Not terribly large, but more than a week's pay. You'd have thought the check emitted some sort of magic scent the way these people glommed on to me.
Of course they are going to try to get you to invest with then when you deposit a check like that, it's their job.
This post was edited on 2/17/15 at 2:19 pm
Posted on 2/17/15 at 2:18 pm to TigerPanzer
quote:
bank
Problem #1. Credit Union dude.
Posted on 2/17/15 at 2:19 pm to TigerPanzer
quote:quote:
Yes it is and I'm guessing you were at a Wells Fargo.
Bingo. Do you work for that institution?
I bank at Wells. This is SOP.
Posted on 2/17/15 at 2:21 pm to TigerPanzer
quote:
Bingo. Do you work for that institution?
Yes, but another part. However I'm pretty familiar with WF's sales practices in the stores.
On one hand, depositing a check like that can give you a few benefits in terms of your total relationship with the bank, so its a good thing they are willing to talk to you and didn't just deposit it as if it were a $15 check. You'd be surprised at the idiots who go in to deposit large checks and just leave it sitting in a checking account where it doesn't earn them a single cent or get them a discount on other things like their mortgage or car loan. Also, if you walk into any bank with a six figure check, flags will be raised either good (sales potential) or bad (fraud).
On the other hand, in some branches it can be really annoying when they can swarm on you and not let go because they only see sales potential that can help them hit their daily goal. You just want to deposit a check, not swat away sales people.
This post was edited on 2/17/15 at 2:27 pm
Posted on 2/17/15 at 2:21 pm to TigerPanzer
quote:
Upper six figures. Not terribly large, but more than a week's pay.
quote:
I generally deal in cash transactions, which are handled in a different manner.
Posted on 2/17/15 at 2:25 pm to TigerPanzer
quote:
Upper six figures
So, almost a million?
quote:
Not terribly large,
Gotta love the OT
Posted on 2/17/15 at 2:27 pm to GumboPot
quote:
I bank at Wells. This is SOP.
Indeed.
In any event, I successfully fended off their efforts to "help" me, although now I suppose, I'll receive a barrage of direct mail on their investment services.
Posted on 2/17/15 at 2:28 pm to Moustache
An ad writer on the OT no less. Everybody knows ad writers take home about 30 mil annually.
Posted on 2/17/15 at 2:32 pm to foshizzle
quote:
foshizzle
An agent of the law, are we? Give my regards to Michelle Leonhart. We're pals!
Posted on 2/17/15 at 2:34 pm to JG77056
quote:
Everybody knows ad writers take home about 30 mil annually.
At the risk of sounding immodest, I am rather good at what I do.
Posted on 2/17/15 at 2:36 pm to Jim Rockford
quote:
I generally deal in cash transactions, which are handled in a different manner.
quote:
I typically avoid banks, at least ones in this country.
Hmmm.
I've been in banking for 20 years and these statements are what you call "red flags"
edit: I'm assuming he's joking
This post was edited on 2/17/15 at 2:37 pm
Posted on 2/17/15 at 2:38 pm to Jim Rockford
quote:
Hmmm.
Yeah, too bad his bank didn't offer him a "Stop talking now!!!" associate.
Posted on 2/17/15 at 2:38 pm to TigerPanzer
quote:
I generally deal in cash transactions, which are handled in a different manner.
If you're referring to structuring, these sharks could be the least of your worries.
Posted on 2/17/15 at 2:40 pm to LSUBanker
quote:
I've been in banking for 20 years and these statements are what you call "red flags"
In my circles, we simply call it a "business model."
Posted on 2/17/15 at 2:48 pm to Jim Rockford
quote:
I generally deal in cash transactions, which are handled in a different manner.
quote:
I typically avoid banks, at least ones in this country.
Hmmm.
Posted on 2/17/15 at 2:50 pm to TigerPanzer
quote:If this is not a large sum of money for you....you wouldn't be walking up to the counter like a joe.
In my circles, we simply call it a "business model."
Why do people do this?
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