What to do next when bank refuses to open account
Thank you all for all your input - it is well appreciated.
I went to Well Fargo on January 22 with my mom to open a non-interet bearing checking account. I had asked the rep to add the following to the signature card - "All transactions on this account are intended by demand to be redeemed in Lawful Money pursuant to Title 12 USC 411. All transactions with this bank will be done by Special Deposit. Nunc Pro Tunc". Needless to say the manager had no clue what this all meant. He called legal and a panic look came over his face and told us the bank would not open the account. I see KnowLaw opened this type of account in March 2011 with Wells Fargo and had no issue. So there is precedence.
Is it recommended that if the bank refuses to open the account with this verbiage that one files a complaint with the Office of the Comtroller of the Currency [OCC] - along with sending copies of this complaint to the federal and state representatives? Will the OCC bother to do anything? Tony