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

[NewsVine_Mariyam]

not sure what the bank not cashing the check has to do with that,,

People doing stuff to others just because they can to cause them problems, is one answer.

 

[NewsVine_Mariyam]

Just consider the source, this mumble mouth, racist hag would have never posted this if the customer were white.

The OP is female? I would have never guessed that...

 

[NewsVine_Mariyam]

I m sure thats what happened,,

I mean what else can it be other than the bank didnt want to fill out a piece of paper,,


from experience I can tell you that banks dont like it when you take large sums of money out,,

I have had to argue more than once to cash checks over 6000 let alone over 10K

bank of america is the worst I have seen,,

In the early 2000s it used to be that any single transaction over $2,000 and I believe total transactions over $5,000 in the same day could trigger a suspicious activity report. I think currently the limit is $10,000 a day although I'm not sure it that's total deposits or individual.

 

[horselightning]

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.

not hat big

 

[NewsVine_Mariyam]

not hat big

The size really shouldn't matter, the applicable laws requiring them to honor checks drawn on their institution

Federal law, along with regulatory guidelines, sets certain requirements for banks to honor instruments (such as checks) drawn on accounts held with them. The primary laws and regulations governing this obligation include:​

1. Uniform Commercial Code (UCC) Article 4: UCC Article 4 provides a framework for banks and other financial institutions in handling checks and other negotiable instruments. Under the UCC, banks have a duty to honor checks drawn against sufficient funds in an account unless there are other valid reasons for refusal (e.g., the account holder has placed a stop payment, the account is closed, or there is suspicion of fraud). The UCC is adopted by each state, so while it’s a uniform law, specific applications can vary slightly across jurisdictions.
2. Federal Reserve Regulations: Regulation CC under the Federal Reserve addresses the availability of funds and collection of checks. It establishes time frames within which banks must make deposited funds available and sets forth rules for the processing and return of checks, ensuring an efficient payment system. While Regulation CC focuses more on check processing and availability, it underpins the banking system's obligation to honor properly drawn and funded instruments.
3. Federal Deposit Insurance Act (FDIC): Although primarily concerned with insuring deposits, the FDIC also imposes regulatory oversight on banks to maintain sufficient practices and procedures for account management, which includes handling checks. The FDIC can enforce compliance with the UCC and other banking regulations for institutions under its purview.
4. Contractual Terms and Banking Policies: Beyond federal laws, each bank’s account agreements with its customers outline specific obligations and processes for honoring checks. These contracts often reiterate obligations under UCC Article 4, specifying conditions for honoring or rejecting checks based on account status, available funds, and any other terms agreed upon by the account holder and the bank.

These laws and regulations collectively ensure that banks maintain standards for honoring checks and other instruments when conditions are met, providing protections for both account holders and payees.​

​

 

[longly]

That's their job, retard.

I don't think so, not unless she has an account at that bank or she's trying to cash a cashier's check. A check is not money it's just a promise to pay and some promises are not worth the risk. If the promise is not honored the bank is just out the money. Someone else's money by the way; It didn't come from the Magic Money tree.

 

[longly]

That's their job, retard.

No, their primary responsibility is not to lose money.

 

[longly]

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.

That sounds reasonable.

 

[horselightning]

The size really shouldn't matter, the applicable laws requiring them to honor checks drawn on their institution

Federal law, along with regulatory guidelines, sets certain requirements for banks to honor instruments (such as checks) drawn on accounts held with them. The primary laws and regulations governing this obligation include:​

1. Uniform Commercial Code (UCC) Article 4: UCC Article 4 provides a framework for banks and other financial institutions in handling checks and other negotiable instruments. Under the UCC, banks have a duty to honor checks drawn against sufficient funds in an account unless there are other valid reasons for refusal (e.g., the account holder has placed a stop payment, the account is closed, or there is suspicion of fraud). The UCC is adopted by each state, so while it’s a uniform law, specific applications can vary slightly across jurisdictions.
2. Federal Reserve Regulations: Regulation CC under the Federal Reserve addresses the availability of funds and collection of checks. It establishes time frames within which banks must make deposited funds available and sets forth rules for the processing and return of checks, ensuring an efficient payment system. While Regulation CC focuses more on check processing and availability, it underpins the banking system's obligation to honor properly drawn and funded instruments.
3. Federal Deposit Insurance Act (FDIC): Although primarily concerned with insuring deposits, the FDIC also imposes regulatory oversight on banks to maintain sufficient practices and procedures for account management, which includes handling checks. The FDIC can enforce compliance with the UCC and other banking regulations for institutions under its purview.
4. Contractual Terms and Banking Policies: Beyond federal laws, each bank’s account agreements with its customers outline specific obligations and processes for honoring checks. These contracts often reiterate obligations under UCC Article 4, specifying conditions for honoring or rejecting checks based on account status, available funds, and any other terms agreed upon by the account holder and the bank.

These laws and regulations collectively ensure that banks maintain standards for honoring checks and other instruments when conditions are met, providing protections for both account holders and payees.​

​

it does to some bank. they think its drug money and dont want to do it.

 

[Superbadbrutha]

No, their primary responsibility is not to lose money.

They can run that check in real time and see if it is legit, so that is a weak ass excuse.

 

[airplanemechanic]

The size really shouldn't matter, the applicable laws requiring them to honor checks drawn on their institution

Federal law, along with regulatory guidelines, sets certain requirements for banks to honor instruments (such as checks) drawn on accounts held with them. The primary laws and regulations governing this obligation include:​

1. Uniform Commercial Code (UCC) Article 4: UCC Article 4 provides a framework for banks and other financial institutions in handling checks and other negotiable instruments. Under the UCC, banks have a duty to honor checks drawn against sufficient funds in an account unless there are other valid reasons for refusal (e.g., the account holder has placed a stop payment, the account is closed, or there is suspicion of fraud). The UCC is adopted by each state, so while it’s a uniform law, specific applications can vary slightly across jurisdictions.
2. Federal Reserve Regulations: Regulation CC under the Federal Reserve addresses the availability of funds and collection of checks. It establishes time frames within which banks must make deposited funds available and sets forth rules for the processing and return of checks, ensuring an efficient payment system. While Regulation CC focuses more on check processing and availability, it underpins the banking system's obligation to honor properly drawn and funded instruments.
3. Federal Deposit Insurance Act (FDIC): Although primarily concerned with insuring deposits, the FDIC also imposes regulatory oversight on banks to maintain sufficient practices and procedures for account management, which includes handling checks. The FDIC can enforce compliance with the UCC and other banking regulations for institutions under its purview.
4. Contractual Terms and Banking Policies: Beyond federal laws, each bank’s account agreements with its customers outline specific obligations and processes for honoring checks. These contracts often reiterate obligations under UCC Article 4, specifying conditions for honoring or rejecting checks based on account status, available funds, and any other terms agreed upon by the account holder and the bank.

These laws and regulations collectively ensure that banks maintain standards for honoring checks and other instruments when conditions are met, providing protections for both account holders and payees.​

​

In your own post, you show in number 1 "Unless there is suspicion of fraud" listed as a "valid reason for refusal."

That would be WHY they didn't want to cash it. So you proved that the bank was correct. Thanks.