Rory,
I know the VP of the New Business Dept. for the bank...let me call her and
I will get back to you
Russ
From: rory@xxxxxxxxxxxxxxxxxxx
To: phoenixchoraleex@xxxxxxxxxxxxx
Subject: [phoenixchorale exec] Fwd: Phoenix Chorale gift check
Date: Tue, 26 Jan 2016 09:25:14 -0500
Linda,
Got this from Jon. Can you please contact Norway Bank. If it would help to
have Jon's phone number call me and I'll give it to you (my cell 831-917-3104).
Otherwise, can you call Norway (774-5000) and see if you can either order them
to put it through (read Jon's instructions below), or else retrieve the check
and return it to Jon?
Rory
----- Forwarded message from jon mills <jonmills2010@xxxxxxxxx>
-----
Date: Mon, 25 Jan 2016 09:39:24 -0500
From: jon mills
<jonmills2010@xxxxxxxxx>
Reply-To: jon mills
<jonmills2010@xxxxxxxxx>
Subject: Phoenix Chorale
To: 'Laura Clark'
<lclark@xxxxxxxxxxxxxxxxxxxxx>
Cc: rory@xxxxxxxxxxxxxxxxxxx
I don’t know much about how banks operate, and I wasn’t
a party to many of the events that bring us to this point, so my understanding
of what actually happened may be completely off. Subject to that caveat,
here’s what I think happened.
I wrote a $42,000 check to, and sent it to, Phoenix
Chorale.
Phoenix Chorale took the check to Norway Bank and attempted
to deposit it.
NB refused to deposit it as a $42,000 check because it
thought I had written “hundred” rather than “thousand.”
(I pause here to ask: is that how banks operate? i.e.,
do they compare the deposit slip to the check and refuse to deposit the check if
they see a discrepancy? Or do they inform the customer that there’s a
possible discrepancy but deposit the check anyway, with the customer responsible
for the processing fee if the issuing bank declines to pay the check?)
NB called Coastal States Bank. I don’t understand
why, since even if CSB was willing to give NB any information over the
telephone, which CSB won’t do, at best all that NB would have learned is that
the account existed and it had sufficient funds to pay the check. The critical
information NB would have wanted, it seems to me, is whether CSB would have
refused to pay the check, and even if CSB was willing to disclose that
information over the telephone, it would need to see the check in order to do
so.
(I pause here to ask: what would have happened if NB
deposited the check, and when CSB received it, someone looked at it and said,
“I can’t tell if this word is ‘hundred’ or ‘thousand?’ Would CSB
have refused to pay the check? Or would CSB have called me to find out how
much I had issued the check for?)
Here’s what I would like to do: IF NB
will deposit the check for $42,000, and IF CSB will process the
check as written for $42,000 (either because it agrees that I wrote
“thousand” or because when it receives the check it can’t read what I
wrote and asks me for directions, THEN I’d like Phoenix
Chorale to deposit the check.
If that won’t work, then Rory, please return the check to
me and I’ll send out another.
Jon Mills
847-707-7890
69 Barony Lane
Hilton Head Island SC 29928
jonmills2010@xxxxxxxxx
----- End forwarded message -----
----- End forwarded message -----
