Quote:
Originally Posted by Aces4
When I worked in a bank and had someone complete an application, it was on me to be sure it was correct at the time. He didn't care about their CD anymore, PNC dragged their feet, apparently, when reimbursing him the over $100,000. amount they had cashed. I hope that clears up your confusion.
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I'm not confused even a little. I understand 100% how it works. Our company has a banking license and owns a bank. If you were responsible to "completing applications", you were mostly uninvolved with the bank's security functions.
He created a security issue, because the bank wasn't able to confirm his identify, via their 3rd party provider. That stops the money from moving anywhere, until it's sorted out to the Bank's satisfaction. It happens every day, especially when someone shows up with a Certified Check or a Bank Check.