Quote:
Originally Posted by Gemini Cricket
My friend Julie tried to deposit a WaMu check from her own account into her Wells Fargo account across the street. WF put the cashier's check on hold for 7 business days. (!!!) Why? "Because it's a WaMu check. We need to be sure the funds are there."
Ugh.
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If that is what they said, they were full of it.
There is no such thing as a WaMu check any more and nobody has doubts about the capitalization of JPMC.
I can tell you from personal experience (not because I've done it myself but because I have been involved in training tellers on holds policies) that a great portion of the time when tellers give a concrete reason for a hold being placed on a deposit it is just something made up to get the customer to go away without getting too angry. Most of the time the tellers have no solid idea why a hold is placed.