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Thread: Redemption of Lawful Money at US Bank

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  1. #1
    Quote Originally Posted by Brian View Post
    I Personally do this: "Redeem for non-elastic lawful money by demand pursuant USCA12 section 411, signature"
    Thank you for this, Brian.

    Do you use this for depositing checks and/or cashing checks?

    How do you sign the check?

    Have you had any problems with it?

    Have you had any positive results?

  2. #2
    Senior Member Brian's Avatar
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    Quote Originally Posted by freedave View Post
    Thank you for this, Brian.

    Do you use this for depositing checks and/or cashing checks?

    How do you sign the check? (exactly as you see above)

    Have you had any problems with it?

    Have you had any positive results? (positive results will be hopefully revealed upon filing this year)
    dave, I use this for depositing checks via the ATM, my signature card for the account was modified with "ALL transactions to be conducted in redeemed lawful money pursuant USCA12 section 411" upon opening the account which solicited some funny looks but was accepted.

    I don't typically cash the checks as I don't want to solicit any ignorant questions, but all of the checks I have restrictively endorsed since last Feb have gone thru without issue.

  3. #3
    Thank you again, Brian.

    Do you withdraw money via the ATM?

    And do you have any reason to believe this works beyond your own understanding of the law?

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