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    como143a's Avatar
    como143a Posts: 6, Reputation: 2
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    #1

    Apr 30, 2007, 12:51 PM
    Bank takes funds after verification destroys check.
    My brother-in-law had a check for over 20,000 and brought it to his bank that was the same as the person that drafted the check. Because he had had problems with the check in the past he requested a certified check from the bank. The teller said there was no need for a certified check because the person had funds to cover the check. He then deposited the check and about 5 days later the took the funds from his accounts. He also found out that somehow the bank had destroyed the check and has no copies of the check. The wife of the party that wrote the check works for that bank. :( He has suffered a big loss. What is the banking law about this type of transaction?:confused:
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
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    #2

    May 3, 2007, 09:14 AM
    Hello como:

    The bank should give him back the check. If they can't, they should pay the $20 grand back. But, they're not going to. He needs a lawyer.

    excon
    como143a's Avatar
    como143a Posts: 6, Reputation: 2
    New Member
    		  
    #3

    May 3, 2007, 10:02 AM
    He is in mediation and has hired an attorney. The bank has canceled all his accounts an lines of credit. They say they do not have the check it has been destroyed. :eek:
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