Done. Thank you.
http://savingtosuitorsclub.net/showt...and-healthcare
Done. Thank you.
http://savingtosuitorsclub.net/showt...and-healthcare
This is AMAZING that I am reading this! I just, an hour ago, came from my bank asking to change/amend my signature card with the "Lawful Money" statement and the person I talked to said exactly what you have stated here. Thankfully she didn't make a decision based on her statement. She called "Legal" who said I must submit to them in writing why I want to add the statement to my accounts, which they will review and decide whether to approve the addition of said statement.
Any ideas what I should include as my "why"?
First off - get the request in writing.
As banks persist in exercising this option we might consider notifying the Fed about our demand, getting that into an evidence repository and just serving that same marked up Notice on the bank and forgetting about Signature Cards altogether. This is tiring.
Amen David!
*Make the demand by NOTICE.
*Use proper record forming.
Now where do the benefits of making the demand occur?
"...for all taxes, customs, and other public dues." [FRA Section 16 Note Issues; http://www.federalreserve.gov/aboutthefed/section16.htm ]
CC a copy of one's demand to any tax agency of perceived detriment and again don't forget proper record forming.
Last edited by EZrhythm; 03-26-13 at 06:11 AM.
I have been trying to have the "Redemption" novation added to my accounts or even a plainly stated denial of my request. Here is what has transpired thus far;
This my original letter to M & T bank. M&T Bank-redemptionRev.pdf
In addition I called the headquarters in Buffalo, NY and spoke with the customer care manager. Here is the reply I got. Attachment 1212
In reply I sent the following; M&T Bank-redemption2ndrequestRev.pdf and as a response I got this; Attachment 1211
They are clearly trying to avoid being on record either allowing a lawful money acct., or denying my request for one.
I shall be attempting to open accts at BoA and or Wells Fargo next week.
Yes , Thanks for the post!
Interesting that both of the banks replies stated that if you had any questions about FRN's contact the U.S.Treasury......the first entity listed in 12 ยง 411!
This is my contention, screw the banks....send your Demand to the U.S. Treasury.
FWIW DARKMAGUS, you left your name showing on one of the docs.....make sure you redact your name on all posted docs!
Last edited by gdude; 04-22-13 at 03:18 AM.
Thanks gdude, I overlooked that. Actually my first posting had to be deleted because I left my ACCOUNT NUMBER on one of the docs! LOL Sheesh!
Oh well, won't be my account for long anyway.
Freed: You have gone to a great degree of trouble in your quest with BofA. I appreciate your adventurous spirit and willingness to share the details of your quest. However, I'm wondering if you are "tilting at windmills" like Don Quixote. I'm not being critical here, please don't interpret my comments in any personal manner. I'm just trying to clarify what your objectives are. Maybe the quest is your objective, I'm grateful that you would do that. However, if your objective is to actually get an account opened with "Redeemed in Lawful Money" (RLM) and associated verbiage on the signature card and have your direct deposit transactions deposited into it, then I'd make the following suggestion. Find a local state chartered bank and open an account there. I did that 3 or 4 years ago, and have been redeeming lawful money both with non-endorsed checks and like you with Social Security direct deposits. I have not tried to open an account for RLM in the last 12 months, but I have 3 accounts with the same bank all with RLM on the signature cards and have never heard a peep from them. Just my $.02 worth.
I was going through the responses and did not find exactly my case. I opened a bank account in 1996. Later on I changed it to a revocable living trust account. A few weeks ago, the bank rep said the bank needed an update signature card. I said no problem. I signed By: John Doe, trustee, authorized signature. Underneath there was plenty of space to write: All transactions on this account are intended by demand to be redeemed in Lawful Money per 12 USC 411. Nunc pro tunc. This new signature card was done on 11-29-2013.
I decided to go back to the bank rep who is also a notary and asked her to do a notarized affidavit with the following verbiage:
On this 9th day of December 2013, I attest that the proceeding and attached document is a true, exact complete unaltered photocopy made by me of the ABC Bank signature card for JOHN DOE, as individual and trustee for the account 1XXXXX123 with the original opening of the account of December 13, 1996 and revised on November 29, 2013. The following was added to the bottom of the signature card: All transactions on this account are intended by demand to be redeemed in Lawful Money per 12 USC 411. Nunc pro tunc.
The rep signed this and notarized this AND the actual signature card.
Today, 12-13, I got a call from the rep and was told I need to come back and change the signature card as the bank does not accept the verbiage. I said to the rep, please have the bank send me a letter. And the conversation ended.
So this is my question: I am way past the 3 days - RFC. In reading different posts, I see the bank CAN close the account AND in other posts, the bank will try and trick you to close the account. The fact remains that I do have a notarized statement and signature card. Does the bank have the right to close the account without my acceptance? Does the bank have the right to ignore the demand for lawful money? What type of deceptive tricks can the bank really do?
My first thoughts were if the bank sent a threatening letter, I would send a response "something like" - I am under the impression that ABC Bank is part of the national banking system and must provide service to the public. The entity I use, John Doe is public property and therefore you must provide service. I am deeply concerned for the well-being of the public and the use of FRN increases the public debt; therefore causing a serious harm to the public. I believe the bank has had ample opportunity to reject the signature card but has NOW since waived its right. Therefore, if ABC Bank refuses to follow the laws of the US, including but not limited to accepting the demand for lawful money per 12 USC 411, I am left little choice but to forward this information for review and investigation by the OCC, FRB and SOT. Yours truly, Nice Guy
Oh I should also tell you I have been banking not only personally for about 3 years but also business depositing business check "redeemed in lawful money" for about a year. On the business, I probably deposited $800k in checks LOL. I can not answer for certain but I can suspect the tellers may have not done any special processing on those checks. I do not want anyone fired.
Any suggestions would be appreciated. Tony