My recycled tweets for 2010-05-12

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4 Responses to “My recycled tweets for 2010-05-12”

  1. Bob Mike Says:

    Do you know that if you redeposit a #BankOfAmerica cashier’s check YOU DREW, they hold it because “It’s in the form of a check?

    I had a friend named Michelle who, while a lovely girl, was not the brightest bunny. One day, after running out of cocaine, her skeevy friend told her that she could write a check to herself, deposit it at an ATM, and then withdraw the cash from that same ATM.

    She was arrested for bank fraud shortly thereafter. The upside is that she wasn’t sentenced to any jail time, as it was readily apparent that she had no idea that she was doing anything illegal (well, except for the cocaine part, which was never mentioned in court). She did pay a fairly stiff fine, though.

  2. Joshua (Site Owner) Says:

    and then withdraw the cash from that same ATM

    Presumably you know that your story is very tenuously related.  If someone didn’t understand: what I did was ask for a cashier’s check to be made out to someone, then take it back into the bank and say “Hey, I don’t need this any more, could I get the funds back in my account?”  This is routine.  The instrument was a cashier’s check drawn on cleared funds from my account, issued by BofA itself, that had not been in anyone’s hands but my own.  In the form of a cashier’s check, it was always BofA’s money.  It’s kind of like a gift certificate at that point.  But BofA’s policies, which they excuse based on the “check” thingy, give them a chance to get 24 hours more worth of interest on my money.

    But on your story itself — during a previous period when I had no money, if I was worried about being overdrawn, I’d go to the grocery store, buy some food, write a check for $100 over the amount, then take the $100 cash, walk across the parking lot, and deposit it into my checking account to cover me until payday.  This is when checks took 3-5 days to clear.  Later I found out this was illegal, but it never came back to bite me.

  3. Bob Mike Says:

    Yeah, I got that the connection was thin; I just like telling that story.

    Girls! Cocaine! Bank fraud! It makes my life sound much more interesting than it actually is.

  4. Joshua (Site Owner) Says:

    Girls! Cocaine! Bank fraud! It makes my life sound much more interesting than it actually is.

    One knows his life is boring when he tries to glamorize it by making it sound more like The Wall Street Journal.

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