News article- BOA lost a check

[NoMoreE46]

Panic time.

https://abc7news.com/bank-of-america-bofa-loses-check-deposit-lost-transfer-money/11530499/

[dmFICO8]

If you deposit anything, doesn't the teller give a receipt to show the new balance or the transactions just performed? And there will be a pending transcation. How is that the transaction can't be traced?

Nevermind, I missed the lines at the bottom, he did show the receipt.

[CreditInspired]

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@NoMoreE46 wrote:

Panic time.

https://abc7news.com/bank-of-america-bofa-loses-check-deposit-lost-transfer-money/11530499/

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Wow, just wow. What an eye-opener. Thanks so much for sharing. 

[GApeachy]

"BofA tells us the problem arose because the cashier's check was made out to Bank of America, not Leonard, and it "delayed the process."

I've never had a CC made out to the bank (any FI) eta: that I remember.  I thought it was made out to me, iirc.   Is it normal to have a CC made out to an FI instead of the owner of the checking acct. it's deposited into?

[Anonymous]

@GApeachy

Going back in time ... it was common to put the name of the financial on the check ... cannot remember the why however. Also, I am talking back in the "good ole days" ... ???

[wasCB14]

That's why I like mobile deposit. The check stays in my possession until the funds are in my account.

And some institutions will accept large checks that way.