So i got my first payment for my new company today

[Skew]

bofa OWNS merrill. an aba is basic standard stuff. either you went to a branch ran by fema or you got served.

That's what I was thinking. A BofA branch putting a hold on a BofA check with an ABA # they didn't recognise?

Somethings fuged up.

[OneBadassCat]

I'd talk to JR if I were you.

[Happy Panther]

bofa OWNS merrill. an aba is basic standard stuff. either you went to a branch ran by fema or you got served.

When they sent me away telling me I had to take it up with my client I KNEW they were screwing something up. I told the lady before i left if this is a screwup on your end I will be livid. she assured me there was no way the aba number was right. The whole time she was digging into possible fraud "how well do you know this client?" etc...

morons

[mmmbeans]

this happened to me with chase, not that they said the check was bad but they outright refused to cash one of their own checks without holding it.

I asked them what service they thought they were providing me.

Then moved on to a credit union.

[Scrumtrilescent]

This happens to us with our business account with Wachovia for checks even as low as 500 bucks. But it is what it is.

[Skew]

When they sent me away telling me I had to take it up with my client I KNEW they were screwing something up. I told the lady before i left if this is a screwup on your end I will be livid. she assured me there was no way the aba number was right. The whole time she was digging into possible fraud "how well do you know this client?" etc...

morons

I use to run a banking program through Wachovia for the company I worked for. It allowed me to enter ABA #s and would tell me the bank. So banks can do this as well. If it couldn't name the bank from the ABA #, then either the number was wrong (which was given to me not on a check but by email, voicemail, or written note). If it couldn't give me the bank name from an ABA # printed on a check, then 99% of the time it was fraud. I would never accept the check. (I say 99% because I assume that there might be a mistake made somewhere, maybe in the printing. But I never came across that 1%).

Every check I came across with an invalid ABA # was a fraud.

[pstall]

holds based on dollar amounts are industry standard stuff. normally if you are wealth or private client level they may reduce the hold.

[Happy Panther]

I use to run a banking program through Wachovia for the company I worked for. It allowed me to enter ABA #s and would tell me the bank. So banks can do this as well. If it couldn't name the bank from the ABA #, then either the number was wrong (which was given to me not on a check but by email, voicemail, or written note). If it couldn't give me the bank name from an ABA # printed on a check, then 99% of the time it was fraud. I would never accept the check. (I say 99% because I assume that there might be a mistake made somewhere, maybe in the printing. But I never came across that 1%).

Every check I came across with an invalid ABA # was a fraud.

They didn't do this. they just knew it wasn't a Bofa number. Which technically it is.

[Happy Panther]

holds based on dollar amounts are industry standard stuff. normally if you are wealth or private client level they may reduce the hold.

YEah after all that they put a hold on it. which I don't really care about.

[thefuzz]

I use Suntrust, and commonly deposit checks of over $5,000 into my acct. with no problems what so ever.

BofA sucks.

[Happy Panther]

Just got a letter that they have frozen the check and I should contact the "person who gave me this item"

[The Saltman]