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So i got my first payment for my new company today

Happy Panther

By Happy Panther,
in Huddle Lounge

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Happy Panther Grand Master

Happy Panther

Posted
Posted

Check for $10,000. It's a BofA check so I take it down to my local Bofa to deposit it in my brand new shiny small business account.

After 5 minutes the teller comes back and says that it is asking for a hold which can't be right let me talk to a manager.

Manager calls somebody checks a few things and comes back : we can't accept this check. the routing number is invalid. Very sorry sir, but this is for your protection

:mad::mad::mad::mad:

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Happy Panther Grand Master

Happy Panther

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What did the guy that wrote it say?

So the company (my client) uses Merrill Lynch who use BofA to front the check. But the systems haven't been integrated quite yet so BoFa doesn't recognize the number. It looks like a BofA check but doesn't have a BofA number on it

Long story short they ended up taking it while doing everything they could to blame anyone but BofA.

Pretty typical if you deal with BofA much

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charlotte49er Newbie

charlotte49er

Posted
Posted

Check for $10,000. It's a BofA check so I take it down to my local Bofa to deposit it in my brand new shiny small business account.

After 5 minutes the teller comes back and says that it is asking for a hold which can't be right let me talk to a manager.

Manager calls somebody checks a few things and comes back : we can't accept this check. the routing number is invalid. Very sorry sir, but this is for your protection

:mad::mad::mad::mad:

They are right. NOt about the routing number being wrong, that I don't know. But checks aren't actually deposited to your account until the next business day. IF they were to desposit the check into you account, and you wrote checks on that money and it didn't go thru, you'd be responsible for all those checks and over draft fees.

I hope for your sake you can get it straightened out with the company. $10,000 is too much to take them to Small Claims court. Sometimes the mere mention of a lawyer is enough to put the fear of God into them.

One possibility. BofA has bought up some other banks. When my bank merged with South Carolina Bank & Trust the routing number changed. But they said we could still use our old checks. When I tried to pay by check on line to Duke Power, it kept rejecting my check saying that the routing number was wrong. :mad: Finally I just put it on my debit card, but Duek charges $2.00 to pay with a charge card, but they don't if you pay by check on-line. HOPEFULLY, it's something similar to this. (But you would think BofA would know if it was.)

Good luck!

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charlotte49er Newbie

charlotte49er

Posted
Posted

So the company (my client) uses Merrill Lynch who use BofA to front the check. But the systems haven't been integrated quite yet so BoFa doesn't recognize the number. It looks like a BofA check but doesn't have a BofA number on it

Long story short they ended up taking it while doing everything they could to blame anyone but BofA.

Pretty typical if you deal with BofA much

There you go!

Duke power all over again! (My friends don't understand why I make fun of everything named Duke!)

Like I said, you would think BofA would know this. Case of the left hand not knowing what the right hand it doing. :rolleyes:

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Wither Newbie

Wither

Posted
Posted

Talk about a coincidence. The same thing happened to me when I got that check from the Prince of Nigeria....

I'm glad I helped him deposit that money so that he could provide food and shelter to his citizens! Stupid American banks wouldn't let him do the deposit...

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