posted on Feb, 4 2012 @ 04:46 PM
A bank not accepting CASH?
Unfortunately, they are well within their rights to not accept cash, even though one would think they had to accept the "legal tender." Although cash
is accepted legal tender, that doesn't mean it must be accepted just that it can be used.
One might argue that cash payments are inconvenient, but when there is usually a point at which one must use cash (whether at the post office for a
money order, where they must count it).
What they perhaps should have done is take the cash to the bank to get a bank note (to see if they take cash for THAT, then in turn pay the mortgage,
or put it into your account, OR
An interesting exercise (although possibly not too smart), is to simply not pay the mortgage. One could always claim "they wouldn't accept my
payment," but BoA has a lot of (more) money for lawyers than the average, struggling home-buyer.
I wonder how the courts would rule on that.
Sounds like there is something else to this story though, if the couple--doing business with BoA, can no longer even ENTER the bank (to pay their
Something fishy with this whole thing, and it sounds like someone is trying to cause a ruckus.
edit on 4-2-2012 by Liquesence because: (no reason given)