Some years ago, my wife wanted to get several thousand dollars out of our then-bank for various reasons, and she wanted the money in the form of bank checks. The bank wanted to sock her with a fee for each check (fees are the prime reason why we no longer bank there); so my wife said "fine. I'll take the money in cash." A little while later, she had her checks. The reason, apparently, is that the bank needed a certain amount of cash on hand to meet the needs of its customers; and if a large amount is needed, the bank will ask for sufficient time to assemble the necessary cash. I suspect that this might have been one of the factors on why Chex had such a hard time (another, especially for older people, is that the bank might be trying to protect them against a scam like the 4-1-9 scam.
This is why I avoid large banks like the plague -- they "fee" you to death. I bank at a three-branch bank where everyone knows you; and while it is less convenient than the Takeit Bank or the Leaveit Bank, I'm much happier there.
I do agree that, if Chex didn't want to disclose the reason for wanting the $18,000, the bank had no business for demanding it.
This is why I avoid large banks like the plague -- they "fee" you to death. I bank at a three-branch bank where everyone knows you; and while it is less convenient than the Takeit Bank or the Leaveit Bank, I'm much happier there.
I do agree that, if Chex didn't want to disclose the reason for wanting the $18,000, the bank had no business for demanding it.
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