Is a bank required to have adequate cash (FRN) on hand to cash out a large check?

[David Merrill]

Hello...

I'm new to this forum site and upon reading much of this thread I was just wondering what harm there would actually be in completing the aforementioned application (and the thumb print, and..whatever else the bank requires to get my cash) since it may indeed be part of bank policy? Don't get me wrong, I would love to avoid all the hassle and invasion of privacy junk I'd be subjected to, but I'm not yet at that level of feeling confidant enough to engage the banksters in the manner in which you gentleman (or women) have suggested. I would appreciate any advice or encouragement you can muster as I will be entering my local BofA (as a non-customer) on Monday morning to cash a $10,000+ check (Allstate auto claim settlement), drawn on their Atlanta, GA branch (I'm in CA) I am doing it this way as I am not interested (nor do I have the time) in having my own bank (BBVA Compass) place a 3-7 day hold on said funds request.

Secondly...would you recommend I take my check directly to the teller window, or, should I "sign in" and wait for a "desk jockey", or manager, to address my request with? I am willing to quote 12 U.S.C. § 411 : US Code - Section 411 on the endorsement line, though, I'm not sure what kind of look I'll receive upon doing that

Thanks in advance for any wisdom you may offer on this matter.

Welcome to the forums!

I hear no gist about any looks Magnus got for redeeming lawful money. His point was that he did not need a SSN. Very true.

I do not have a SSN myself. And in the situation Magnus did not have a SSN. This probably requires a transform or paradigm shift about ownership. This is the Lesson Plan for new suitors.

1) identity
2) record forming
3) redeeming lawful money

Since Magnus has been studying for a while I presume his State ID card is signed True Name... First and Middle only. When he uses it he should explain that the State required he make up that trust name but it is better functionally than ID cards from other sources than government.

Having no bank account and minimal ID (a state ID card I got merely for the purpose of being able to cash checks at banks and postal money orders without hassle) I will take checks that I receive in payment to a branch of the bank upon which the check is drawn and cash them there.

I sense a little conditioning but if you think it through, the State ID card is a much higher ID card than the State Driver License - at least it is designed for identification whereas there are actually state statutes I have seen specifying that the Driver License, quite like the SS Card is not to be used for identification purposes. The driver license is competency evidence but it has a photograph and is very handy because it tags the competency to the driver by likeness of the photograph and physical description. This takes a while to grasp too - like my having no SSN.

This is from a transcript that a suitor shared in the brain trust.

That snapshot is for the revenue cause admission but it also demonstrates that the ID Card is for identification and is purchased and remains in possession of the "owner".

If you Search for Crosstalk you may get some insight that there is a brain trust in the background and often it is much easier to just bring a brain trust broadcast Copy and Paste here than rewrite about a topic. Suitors in the brain trust have evidence repositories (2) record forming. Taking these actions and especially executing a default judgment help bring the new suitor through a series of revelations like about possession and ownership.

Magnus did not have a State ID card until he produced one at the bank.

It may be difficult to wrap your mind around that and then, maybe not.