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<p>[QUOTE=&quot;Owle, post: 1262518, member: 22004&quot;]Another comment on this transaction:</p><p><br /></p><p>&quot;I&#039;ve heard real life stories of this (obviously nowhere near $673k, though). People think that they can walk into any bank to cash a check and the bank is obligated to do so. And when you explain to them that if the check bounces the bank&#039;d be lucky to recoup it&#039;s losses, their attitude is &quot;not my problem.&quot; Um, yeah, it is your problem because they won&#039;t let you cash the check.<span style="color: #bf0000"> - some people tend to forget that banks are really businesses who are trying to make a profit.</span></p><p><br /></p><p>&quot;Anyways, with a check that large it&#039;s unreasonable to think you can simply walk into the bank and cash it. A check is really just an IOU from the account holder to the recipient. If she was unable to cash the check then the check is considered invalid and he needs to find another way to get her the money - like arranging a withdrawal with his bank and giving her the cash. <span style="color: #bf0000">- except that then he would technically have to complete a Large Currency Transaction Report when he gives her the money.</span></p><p><br /></p><p>&quot;Also, I contest the &quot;fact&quot; that she wasn&#039;t senile or something because only someone lacking wits would want to walk around with $673k. ***** was going to get rolled the second she stepped out of the bank because rumors of a 90 year old cashing out that much money was going to spread all over town by the time they were done counting it. <span style="color: #bf0000">- she might not even make it out of the bank.&quot; </span><img src="http://www.cointalk.com/images/smilies/icon_twisted.gif" class="bbCodeImage wysiwygImage" alt="" unselectable="on" />[/QUOTE]</p><p><br /></p>

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