Quote:
Originally Posted by Dudesky
All they said was it was a requirement under the Patriot Act.
I can see the gov't pulling some crap like this and sometime down the road having you answer how you deposit more than you make. Not that she does.
I don't think its any of their business.
Then her Mother's account is one of those money markets where you can cut 3 or so checks a month...the bank said if it doesn't show activity and they said that means withdrawals not deposits, for 5 years I think, it can be confiscated. That sounds like a crock.
I wonder if thats in Dodd-Frank.
Makes one wonder whats going on in DC.
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All they said was it was a requirement under the Patriot Act.
>>> BUNK! Make them show you that. I bet it's a "bank policy."
Banks will do anything to get away with stuff like that.
Tell your mother to move the money out or call up the FBI.
I can see the gov't pulling some crap like this and sometime down the road having you answer how you deposit more than you make. Not that she does.
I don't think its any of their business.
The bank said if it doesn't show activity and they said that means withdrawals not deposits, for 5 years I think, it can be confiscated. That sounds like a crock.
That's bank policy. Time for a change! Or add 5.00 and that's "activity."
Which bank is this?
This needs to be elevated all over the Internet.