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<p>[QUOTE="imrich, post: 8213518, member: 22331"]The short answer today is: Banks have many options, are stressed for labor resources, closing branches, and may not accept unprofitable transactions with a potential customer.</p><p><br /></p><p>I recently, when preparing to fund my tax payment, took a 5 figure sum of treasury bonds to a >50 years of a dealing account major bank where I have a large savings account, "safe deposit" storage box, etc..</p><p><br /></p><p>I had done the paperwork in advance, so they would only need to accept my bonds for deposit, and spend less than 15 minutes transacting with me.</p><p><br /></p><p>They refused the deposit, saying that I'd need to send unsigned bonds to a distant Federal facility that doesn't accept phone calls (common today) where they may open a savings account with my deposit, at their discretion. That wasn't an option as, with the shortage of available postal delivery employees, a certified envelope with a large money order payment, had been "lost". </p><p><br /></p><p>This was a bank that refused my ~decade ago past order for a box of halves, and only accepts large "change" deposits for business accounts.</p><p><br /></p><p>After considerable days investigation, I took my Federal funds deposit to another smaller bank, in my best attire, where I also have these services.</p><p><br /></p><p>They accepted my bonds for deposit in a savings account, and spent the <15 minutes transacting with a smile.</p><p><br /></p><p>You may need to do investigation prior to a "deposit"!</p><p><br /></p><p>JMHO[/QUOTE]</p><p><br /></p>
[QUOTE="imrich, post: 8213518, member: 22331"]The short answer today is: Banks have many options, are stressed for labor resources, closing branches, and may not accept unprofitable transactions with a potential customer. I recently, when preparing to fund my tax payment, took a 5 figure sum of treasury bonds to a >50 years of a dealing account major bank where I have a large savings account, "safe deposit" storage box, etc.. I had done the paperwork in advance, so they would only need to accept my bonds for deposit, and spend less than 15 minutes transacting with me. They refused the deposit, saying that I'd need to send unsigned bonds to a distant Federal facility that doesn't accept phone calls (common today) where they may open a savings account with my deposit, at their discretion. That wasn't an option as, with the shortage of available postal delivery employees, a certified envelope with a large money order payment, had been "lost". This was a bank that refused my ~decade ago past order for a box of halves, and only accepts large "change" deposits for business accounts. After considerable days investigation, I took my Federal funds deposit to another smaller bank, in my best attire, where I also have these services. They accepted my bonds for deposit in a savings account, and spent the <15 minutes transacting with a smile. You may need to do investigation prior to a "deposit"! JMHO[/QUOTE]
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