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re: Black Houston Doctor Files Lawsuit After Chase Bank Refuses To Deposit $16,000 Check

Posted on 3/17/22 at 7:00 am to
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
59307 posts
Posted on 3/17/22 at 7:00 am to
quote:

I’ve had numerous large checks over the years, such as from selling houses, and had my bank put holds on the money despite having banked with them for about 20+ years. It is the nature of having a large deposit which is coming from another bank, as they don’t want to be left holding the bag if a stop payment comes through.


Not only that but they have to report such large deposits to the IRS.
Posted by udtiger
Over your left shoulder
Member since Nov 2006
115485 posts
Posted on 3/17/22 at 7:11 am to
1) I suspect they told her she would have to deposit some cash to open an account

2) if it was going to be a "free" interest bearing checking account, the cash would have to be for the minimum amount (likely, $2500)

3) the check would be held for at least a week before the funds could be accessed.

These would have been the rules, white or black.
Posted by lsucoonass
shreveport and east texas
Member since Nov 2003
70014 posts
Posted on 3/17/22 at 7:25 am to
So let me get this straight; a doctor who has not established a checking nor savings at this bank expects this large sum to be accepted?
Posted by teke184
Zachary, LA
Member since Jan 2007
104096 posts
Posted on 3/17/22 at 7:35 am to
And throws race card and credential cards at the bank for following SOP.


I’ve had banks refuse to cash a money order for $40 because I didn’t have a relationship with them.
Posted by Gamera
Member since Aug 2020
559 posts
Posted on 3/17/22 at 7:48 am to
I have several accounts with Chase. The bank I use is a block from my office so I am there frequently and they know me. In spite of this, I still run into issues from time to time with regard to regulations and bank rules they have to follow. They don’t just swing the doors to the safe open for me. And I’m a white guy! How dare they! It’s as if their rules have nothing to do with race and more to do with compliance with rules for their protection!
Posted by hogcard1964
Alabama
Member since Jan 2017
20028 posts
Posted on 3/17/22 at 7:51 am to
Yea, she's lying.

Posted by RD Dawg
Atlanta
Member since Sep 2012
28287 posts
Posted on 3/17/22 at 7:58 am to
quote:

1) I suspect they told her she would have to deposit some cash to open an account


Don't even think she has to do that.Im sure a rep from the bank (not a teller) woulda been happy to help her open an account even with the check from the hospital.
It's obviously gonna take a while to access the cash but I would think almost bank would want the business from someone making six figures.

None of this adds up
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