Skip to main content

View Diary: The bank said 'You'll be back.' (549 comments)

Comment Preferences

  •  I used to work at a bank (7+ / 0-)

    I can only speculate on the reason based on what I know, and what I have surmised from the diarists' description.

    If it is a truly large amount of money, and the customer wants it in the form of a bank check, sometimes a higher-level signature on the bank check itself is required.

    For example, if you take out a bank check of $1000 or so, the signature on the line will be simply printed out by the computer.

    However, I recall one time when a customer withdrew about half a million dollars from his account to take it to a bank with a better CD rate down the street.  In this case, the computer will print out the check unsigned, and will prompt the teller doing the transaction to seek out someone of the appropriate authority level to hand-sign the check.

    Sometimes, the dollar amount can get so high that the appropriate authority level person is not in that day (say, the Branch Manager vs. Assistant Manager), or is higher than branch level (a District Manager or higher).  Now, I'm not saying this is what happened, just that this is what COULD have happened, and that its not as nefarious as it might seem.

    "If you don't stick to your values when tested, they're not values! They're hobbies" - Jon Stewart

    by LivingOxymoron on Sat Nov 05, 2011 at 10:09:14 AM PDT

    [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site