She was a Black woman with a fat check — but PNC Bank wouldn't cash it. So she sued

[Dont Taz Me Bro]

So? Under the federal Know Your Customer requirements, they may not have wanted to take the risk for this stranger.

That's not what you said, is it

 

[Dont Taz Me Bro]

The article didn’t say that she was a customer. They are under no obligation to cash a large check like this for a stranger.

Did I say they were?

 

[EvilCat Breath]

The article didn’t say that she was a customer. They are under no obligation to cash a large check like this for a stranger.

Yes it did. She wasn't a customer. The bank told her to deposit the check in her own bank.

 

[Dont Taz Me Bro]

The check was drawn on the bank. Their customer wrote it.

If they had doubts about authenticity a simple phone call to their customer would have solved it.

A don't think racism is gonna be hard to prove at all.

There is a zero evidence racism played a role. I had a similar issue happen to me years ago with a check I received for an insurance claim and I actually worked FOR the bank who gave me a hard time about depositing it.

 

[BS Filter]

You can't punish anyone because they refuse to cash a check.

 

[EvilCat Breath]

That's not what you said, is it

I said the bank might not have wanted to fill out endless forms. It's no my fault if you don't understand KYC requirements.

 

[toobfreak]

You've got to be kidding me although I'm not really surprised to hear this. They used to tell us that they needed time for the check to clear the account and the funds deposited.
Now days with everything done electronically it seems that there is very little need for an extended "waiting period" while the check clears.

That may be true but this is what they do. A couple years ago, I wanted to cash a bank check as payment from someone for something I was selling them, first I got a simple "no problem, bing, bang, boom" story during several calls, then when I went down, the manager gave me a totally different story, and handed me a paper with the amounts they would allow me to have after they deposited it first, then finally when they had the money in their bank, they didn't even stick to the written contract they handed me.

This totally screwed up my ability to complete the sale to the buyer and delayed everything causing him problems and the guy was a real nice guy who actually worked for the space program.

I spit on banks. I use banks for absolutely the minimum I can help it now. NEVER use Pay Pal.

Oh and, I once had a bank violate federal law and seize funds illegally, then they couldn't even tell me what had happened or why, then after I got a lawyer to tell them they could not do that and why, they gave the money back but stole $5 from me before I closed my account to go elsewhere.

 

[excalibur]

So now the banks don't want to honor their own checks? I'm pretty sure that they're required by law to honor a check written against an account held at their financial institution.

I don't believe they are obligated to cash it.

 

[excalibur]

That may be true but this is what they do. A couple years ago, I wanted to cash a bank check as payment from someone for something I was selling them, first I got a simple "no problem, bing, bang, boom" story during several calls, then when I went down, the manager gave me a totally different story, and handed me a paper with the amounts they would allow me to have after they deposited it first, then finally when they had the money in their bank, they didn't even stick to the written contract they handed me.

This totally screwed up my ability to complete the sale to the buyer and delayed everything causing him problems and the guy was a real nice guy who actually worked for the space program.

I spit on banks. I use banks for absolutely the minimum I can help it now. NEVER use Pay Pal.

Oh and, I once had a bank violate federal law and seize funds illegally, then they couldn't even tell me what had happened or why, then after I got a lawyer to tell them they could not do that and why, they gave the money back but stole $5 from me before I closed my account to go elsewhere.

Over a decade ago, I sold some wine to a well known shop in Chicago. They sent me a check on a small, regional bank. When I deposited it at my large national bank, they held back most of the funds for 8-days.

The final time for all the funds into my account was 7 or 8 days.

 

[Lisa558]

I don't believe they are obligated to cash it.

True. They are under no obligation to cash a check for a non-customer.

 

[toobfreak]

A decade or more ago, I sold some wine to a well known shop in Chicago. They sent me a check on a small, regional bank. When I deposited it at my large national bank, they held back most of the funds for 8-days. The final time for all the funds into my account was 7 or 8 days.

Yep, not at all surprised. You see, they control all the marbles, you have ZERO leverage in any banking transaction.

A couple years ago, a guy in Texas paid Walmart a couple thousand dollars into their money order system (they have some name for it) as payment to me and when I went to the local Walmart near me to collect the funds, the store flat out refused to pay me my money as if the transaction and me were suspicious despite both of us following all of their verification requirements to the letter.

I filed a complaint against the store.

I had to drive far out to another Walmart, did all the exact same things, and they happily gave me my money no problem there.

 

[toobfreak]

True. They are under no obligation to cash a check for a non-customer.

Yeah, well, the thing is, it was a PNC check being cashed at a PNC bank. If the writer's account covered the amount, they should still cash it. What you say is mainly so that they can try to force you to open an account there and/or deposit it first so they can hold it for a week until it "clears" allowing them to collect interest on it (and other governmental snoopy things like you are a criminal), despite the fact that they already know the check is good because it is written on one of their own accounts.

It is a "fee" to cover their trouble of providing you with a service without actually calling it a fee.

 

[EvilCat Breath]

Yeah, well, the thing is, it was a PNC check being cashed at a PNC bank. If the writer's account covered the amount, they should still cash it. What you say is mainly so that they can try to force you to open an account there and/or deposit it first so they can hold it for a week until it "clears" allowing them to collect interest on it (and other governmental snoopy things like you are a criminal), despite the fact that they already know the check is good because it is written on one of their own accounts.

It is a "fee" to cover their trouble of providing you with a service without actually calling it a fee.

The PNC bank should have called their customer and verified the check.

 

[whitehall]

Shit happens in Detroit and other metro venues. Banks don't like to cash big money checks from people they don't know. Do lefties really want to turn this into a racial issue?

 

[toobfreak]

The PNC bank should have called their customer and verified the check.

I think they can do that electronically.

 

[progressive hunter]

So? Under the federal Know Your Customer requirements, they may not have wanted to take the risk for this stranger.

“Know Your Customer” Process

What is the Know Your Customer Process?

www.dowjones.com

wonder why she didnt call the dealership and have them correct any misunderstanding??

or why didnt the bank call them to confirm it,,

 

[NewsVine_Mariyam]

I don't believe they are obligated to cash it.

​

They're obligated to honor all instruments drawn against accounts held at their institution.

Banks are typically required to honor valid, authorized checks (or other negotiable instruments) drawn on accounts they hold, provided there are sufficient funds and no specific reason to refuse the payment.​

​

The Uniform Commercial Code (UCC), which governs banking transactions in the U.S., suggests that banks must honor these instruments as long as they meet standard criteria, such as:​

​

1. Proper Authorization: The check or instrument is authorized by the account holder.
2. Sufficient Funds: There are adequate funds in the account to cover the instrument.
3. No Legal/Policy Restrictions: There are no holds, garnishments, or bank policies in effect that would restrict payment.

 

[excalibur]

​

They're obligated to honor all instruments drawn against accounts held at their institution.

Banks are typically required to honor valid, authorized checks (or other negotiable instruments) drawn on accounts they hold, provided there are sufficient funds and no specific reason to refuse the payment.​

​

The Uniform Commercial Code (UCC), which governs banking transactions in the U.S., suggests that banks must honor these instruments as long as they meet standard criteria, such as:​

​

1. Proper Authorization: The check or instrument is authorized by the account holder.
2. Sufficient Funds: There are adequate funds in the account to cover the instrument.
3. No Legal/Policy Restrictions: There are no holds, garnishments, or bank policies in effect that would restrict payment.

May honor. Not shall honor.

A bank is not obligated by law to cash a check for you if neither you nor the writer of the check has an account with that bank.​

​

If the check was written by someone with an account at that bank, the bank may honor the check assuming there's enough money in the account.​

Why Banks Might Refuse to Cash Your Check: Key Reasons Explained

Discover common reasons banks won't cash your check, including ID issues, account status, stale checks, or large transactions. Learn how to avoid these pitfalls.

www.investopedia.com

 

[excalibur]

There is no federal law or regulation that requires banks to cash checks for non-customers.​

HelpWithMyBank.gov – Get Answers to Your Banking Questions

HelpWithMyBank.gov provides information and assistance for customers of national banks and federal savings associations. We’re here to help!

www2.helpwithmybank.gov

 

[EvilCat Breath]

wonder why she didnt call the dealership and have them correct any misunderstanding??

or why didnt the bank call them to confirm it,,

It seems calling the bank customer would have been the best thing to do. But, still have to fill out all those papers.