JamesKim
Senior Member
Cash: $ 46.35
Posts: 216
Joined: 26 Sep 2007
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.x
Last edited by JamesKim on Mon Jul 07, 2008 12:48 am; edited 1 time in total |
Fri May 09, 2008 3:25 pm |
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coaster
Senior Advisor
Cash: $ 1357.80
Posts: 6686
Joined: 11 Oct 2005
Location: Wisconsin
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The FDIC insures depositors, not the bank. And that applies to money on deposit in an account, not fraudulent checks. Banks can make their own procedures for clearing checks. They don't have to verify the check. They're not responsible for damages. Like I said in a previous post, banking laws are written for the banks' benefit, not bank customers. $3000-some is small potatoes to law enforcement. They don't have the resources to investigate and prosecute every crime. So they have to focus on the worst. I don't like it either, but that's the way it is, and unless we want to pay sky-high taxes and live in a police state, these things happen.
~Tim~
Eye Candy : Why Whimsy
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Fri May 09, 2008 4:49 pm |
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pf101
Senior Member
Cash: $ 62.25
Posts: 311
Joined: 12 Sep 2007
Location: Portland, OR
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It can take 30+ days for a check to be returned. That's why you only take cash. Checks can be fake. Money orders can be fake. Cash is usually real.
As CL says: Deal local, Deal in cash.
Personal Finance 101
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Fri May 09, 2008 11:36 pm |
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JamesKim
Senior Member
Cash: $ 46.35
Posts: 216
Joined: 26 Sep 2007
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.x
Last edited by JamesKim on Mon Jul 07, 2008 12:49 am; edited 1 time in total |
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Sun May 11, 2008 2:15 am |
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coaster
Senior Advisor
Cash: $ 1357.80
Posts: 6686
Joined: 11 Oct 2005
Location: Wisconsin
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I think you have an excellent attitude -- and wisdom and insight beyond your years. I wish I had been that enlightened when I was young. I'm sure you'll be very successful in your life and your career. 
~Tim~
Eye Candy : Why Whimsy
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Sun May 11, 2008 3:29 am |
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pf101
Senior Member
Cash: $ 62.25
Posts: 311
Joined: 12 Sep 2007
Location: Portland, OR
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It's better to learn this kind of lesson early in life with a relatively small amount of money instead of later when there could have been a few more 00s on the end. You have a good plan of just accepting, moving forward and dealing with it.
Good luck
Personal Finance 101
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Sun May 11, 2008 3:25 pm |
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JamesKim
Senior Member
Cash: $ 46.35
Posts: 216
Joined: 26 Sep 2007
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.x
Last edited by JamesKim on Mon Jul 07, 2008 12:49 am; edited 1 time in total |
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Mon May 12, 2008 1:58 am |
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coaster
Senior Advisor
Cash: $ 1357.80
Posts: 6686
Joined: 11 Oct 2005
Location: Wisconsin
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You're welcome!! Stick around and be a regular. 
~Tim~
Eye Candy : Why Whimsy
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Mon May 12, 2008 4:07 am |
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JamesKim
Senior Member
Cash: $ 46.35
Posts: 216
Joined: 26 Sep 2007
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.x
Last edited by JamesKim on Mon Jul 07, 2008 12:49 am; edited 1 time in total |
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Wed Jun 04, 2008 4:20 am |
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coaster
Senior Advisor
Cash: $ 1357.80
Posts: 6686
Joined: 11 Oct 2005
Location: Wisconsin
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Thanks for the update, Jim. Learning from mistakes is the mark of a winner. 
~Tim~
Eye Candy : Why Whimsy
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Wed Jun 04, 2008 1:10 pm |
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