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#26470 - 08/08/02 01:06 PM
Re: 7 days advance notice of withdrawal
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I tried to blow up the image and sharpen it. I couldn't read it well enough in any case. It looks as though it says "Twelve Hundred and 50/100".
I often see old text from newspapers and the written word of 75 or 100 years ago was different than today. I would write the check as "One Thousand Two Hundred Fifty and 00/100" today. Was "Twelve Hundred..." an accepted description back then? Did they rip Lydia off?
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AndyZ CRCM My opinions are not necessarily my employers. R+R-R=R+R Rules and Regs minus Relationships equals Resentment and Rebellion. John Maxwell
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#26472 - 08/08/02 06:02 PM
Re: 7 days advance notice of withdrawal
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Andy, the discrepancy is not between the words "Twelve Hundred" as opposed to "One thousand, two hundred". The discrepancy is that the Twelve Hundred and 50/100 written amount is only 1200.50. Correctly written to match the numeric amount of the check is should have read "Twelve hundred and fifty and 00/100"
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#26473 - 08/09/02 02:54 AM
Re: 7 days advance notice of withdrawal
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But that is my point. Could that have been correct at that time since it was written "Twelve Hundred". English was written slightly differently. I just can't imagine that mistake could be made. In any case there are no cents.
I agree it looks wrong today, but I have to ask.
Also, I looked at the check with my home PC and it is clear. I thought there was more text when I saw this at work. I just realized my monitor at work stinks!
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AndyZ CRCM My opinions are not necessarily my employers. R+R-R=R+R Rules and Regs minus Relationships equals Resentment and Rebellion. John Maxwell
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#26476 - 08/09/02 01:00 PM
Re: 7 days advance notice of withdrawal
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Oh sure Ann. Next you'll get a reply, then you'll start inserting facts. That'll mess up the whole thread. I just have to wonder if that was accepted "back then". 60 years ago newsprint used a different style of writing so this may have been acceptable. I can't believe an error like that would be made and as Ann noted, without the "Dollars" it does say twelve hundred and 50. Since it doesn't say cents (that is no sense) that could be the $50. In any case I'm sure it was cashed for the correct amount.
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AndyZ CRCM My opinions are not necessarily my employers. R+R-R=R+R Rules and Regs minus Relationships equals Resentment and Rebellion. John Maxwell
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#26478 - 08/13/02 01:36 PM
Re: 7 days advance notice of withdrawal
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Which was?????????????
I guess if this compliance thing doesn't work out, I can always stay in banking as an item processor.
Last edited by pbrinker; 08/13/02 01:39 PM.
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#26479 - 08/13/02 07:36 PM
Re: 7 days advance notice of withdrawal
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Anonymous
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Our vendor, CFI/Concentrix/and now Harland, TIS disclosures has always included the 7 days advance notice in the LIMITATIONS section of the disclosure. No one on our bank's staff has ever questioned this requirement. I challenged the limitation in 1994 and found the language in REG D. But I have not ever been in a conversation where the topic was the reason for and application of the required advance notice. As result of this discussion, the TIS disclosure will continue to include the 7 days notice. I will also include this in my presentations during my next ABA Principles of Banking class.
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#26480 - 08/13/02 07:55 PM
Re: 7 days advance notice of withdrawal
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When I teach new hires, managers and even senior officers, I like to ask, "If a customer asks the teller to withdraw from his savings account, can we A) give him the money which is available, B) tell him to come back in a week or C) tell them we don't think they'll spend it responsibly, so no."
Although you know it sounds like a trick question, nobody is ever sure that B is a valid answer. And they are amazed when I tell them that not only can we do it, but they agreed to it as well when they opened their savings account. And if they are not aware that the provision exists, we're in trouble if a customer questions it. They need to know it exists because it is required, not because we chose to add it.
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AndyZ CRCM My opinions are not necessarily my employers. R+R-R=R+R Rules and Regs minus Relationships equals Resentment and Rebellion. John Maxwell
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#26481 - 08/14/02 08:30 PM
Re: 7 days advance notice of withdrawal
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Soaring over Georgia
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In reply to:
...without the "Dollars" it does say twelve hundred and 50. Since it doesn't say cents (that is no sense) that could be the $50.
The item says Twelve hundred & 50/100. Well the first question you have to ask is "Twelve hundred what? Obviously, the answer is "dollars". OK, it also says 50/100. The next question, "50/100 what? Since there is the ampersand (&), I would contend that the only possible answer to the second question is "dollars" also. And there is no way that 50/100 dollars equals $50. 50/100 dollars equals fifty cents. IMHO, the written amount on this check can equal nothing else except $1,200.50. And that does not agree with the numeric amount on the check.
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Jim Bedsole, CRCM, CBA, CFSA, CAFP My posts - my opinions
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#26483 - 08/16/02 07:48 PM
Re: 7 days advance notice of withdrawal
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I don't disagree. I just find it hard to believe. And on top of that, putting it on their Web site.
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AndyZ CRCM My opinions are not necessarily my employers. R+R-R=R+R Rules and Regs minus Relationships equals Resentment and Rebellion. John Maxwell
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