I hope he does, too. Let's at least wait until tomorrow. I assume I'll
hear soon from Jon, considering his very analytical mini-essay in
that email earlier today. As I'm sure we all agree, it's not something
we can be pushy about, for a number of reasons.
But I sure would like to get the past-due amount to D & D.
About switching banks... I agree this has been a run-around. I will say
that in the 12 years I've been banking at Norway, this is the first
thing I can ever remember where they have not been really good.
Rory
On Tue, 26 Jan 2016 15:25:35 -0500, Linda Atherton <l.atherton@xxxxxxx> wrote:
Good work! I hope Jon chooses wiring. That seems like the best option to me.
I have to say, our bank is giving different versions every time we
speak to them. When I talked with Michelle on Friday afternoon, she
said we could still deposit that check, but to do so, we would have
to get back to her that afternoon. So after I talked with you, Rory,
and you had spoken with the bank, with the result that the deposit
was stopped, I assumed, based on Michelle having told me it was our
decision, that you had stopped the deposit.
I’m beginning to wonder if we ought to consider switching banks,
since they don’t seem to have a very good handle on their own rules
and regulations.
Keeping my fingers crossed Jon goes for the wire transfer!
Thanks Rory!
Linda
> On Jan 26, 2016, at 2:48 PM, roryphoenix@xxxxxxxxxxxxxxxxxxx wrote:
> > Hi,
> > Kaylie Deering, the branch manager at Norway now explains that we
have 3 options. Basically these are a new check, or wire the money
(they'll waive their fee), or physically send the existing check to
Coastal States.
> > The details:
> > 1. We take back the check and deposit a new one once we receive it, or
> > 2. We take back the check and Coastal States WIRES the funds. Any
charges normally charged by the receiving bank (Norway) will be
waived by Norway, or
> > 3. Norway presents the physical check to Coastal States for
collection. They will do this even though they have stamped the check
'refer to maker." This will take a minimum of ten business days for
us to receive the funds, assuming Coastal States approves.
> > By the way, Kaylie now explains that because of the way checks
are normally handled electronically, not physically, IF this were
fraudulent AND Coastal States did not catch it and paid it, it would
be Norway's liability, not Coastal States, according to Kaylie.
> > My vote, obviously is to have the funds wired, assuming there
would be no fees we'd have to pay Coastal States.
> > Jon, can you please advise?
> > Thanks.
> > Rory
>
