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<p>[QUOTE="fatima, post: 1265866, member: 22143"]As I pointed out above, despite what the author of that article says, it is not "her" (their) money that is sitting in the bank. The bank has no obligation to take a 3rd party check from the vendor she sold the gold to, and cash it for the woman. The responsibility for getting payment to that woman is between the woman and the vendor. They have no legal right to place conditions on a bank for this exchange. Banks certainly will handle 3rd party checks for their customers as a convenience, but it is on their terms. </p><p><br /></p><p>The woman is free to deposit the check, subject to conditions, or the vendor is free to wire the money to the bank into the woman's account. When this happens, then it becomes "their money" from the standpoint of the bank. Only at that point can she take it out as cash. If she wants to walk away with 6,730 $100 bills, that is certainly her right and I believe that given the time for the bank to order the bills, the bank will grant the request. </p><p><br /></p><p>I agree with you. It's her business if she wants to take out this cash. There are plenty of legitimate reasons for wanting to do so. I'd even cut granny some slack if she wanted to spend it all on pot and male prostitutes. At that age, people should leave her alone.[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 1265866, member: 22143"]As I pointed out above, despite what the author of that article says, it is not "her" (their) money that is sitting in the bank. The bank has no obligation to take a 3rd party check from the vendor she sold the gold to, and cash it for the woman. The responsibility for getting payment to that woman is between the woman and the vendor. They have no legal right to place conditions on a bank for this exchange. Banks certainly will handle 3rd party checks for their customers as a convenience, but it is on their terms. The woman is free to deposit the check, subject to conditions, or the vendor is free to wire the money to the bank into the woman's account. When this happens, then it becomes "their money" from the standpoint of the bank. Only at that point can she take it out as cash. If she wants to walk away with 6,730 $100 bills, that is certainly her right and I believe that given the time for the bank to order the bills, the bank will grant the request. I agree with you. It's her business if she wants to take out this cash. There are plenty of legitimate reasons for wanting to do so. I'd even cut granny some slack if she wanted to spend it all on pot and male prostitutes. At that age, people should leave her alone.[/QUOTE]
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