I learned this the hard way a couple of years ago. I was paid for a show with a check.
(I have been DJing for the past 15 years)
So i took the check and put it in my checking out with Washinton mutual bank and was told it would have to go through a seven to ten day verification period before it would be cleared into my account. That's cool with me, I usually never accept checks so any verification they could give me I was willing to wait for.
After ten days I called up the bank and was told that the money is in my account and it is clear for me to access. Great. I took the money out of my account and used it for what it was intended for. Then a week later I went to the bank and noticed my account was NEGATIVE the amount for the check! I called the bank immediately and they told me that the check was a counterfeit check and that it was pulled back.
AFTER THEY GAVE THE CASH TO ME AND SAID IT WAS CLEAR!
They told me it was my responsibility to verify all funds that I receive and put in my account. So the one job Washinton Mutual has (handling money) they can't even do! They want us as regular people to verify a check and money to make sure it is legit.
People without any training in handling money are supposed to catch a counterfeit check when an established bank can't! I contacted the person who gave me the counterfeit check through yahoo messenger and they told me it must've been an accounting error and the check was good but they would send me another check to handle my troubles with Washington Mutual. The new check that arrived was a Bank of America check. I brought it directly to a Bank of America branch and they Immediately knew it was counterfeit. So how can one bank know for a fact that a check is false but then another bank is retarded enough to lie about verification and then pawn it off on me their customer. Saying i should be able to detect counterfeit checks. What?! Really?!
So basically I'm saying burn down washinton mutual banks because basically, they don't do SHIT for the people who trust them with money!
I can put my money under my bed or in a metal box and it would be safer than with Washington mutual bank.
P.S. this all happened just before the recession and the problems with all the banks came out. So my story is just another in a long list of people who find out that banks are run by bureaucracy and not by the people who actually utilize the banking system. I WILL NEVER PAY WASHINGTON MUTUAL BANK THESE FUNDS. I seriously hope they take me to court so i can explain that I would hire a lawyer who knows the law to help me because they know their job, just like we believe banks handle money and know how to. But apparently Banks are just buildings that have miserable liars that work for them. Boycott Washington Mutual bank.
FUCK THEM!
LET THE ECONOMIC COUP D'E TAT BEGIN!
(ok so I guess It would be illegal to have you burn the banks down so lets just say "burn them down" is a metaphor for burning the rules and changing them to make the banks actually liable for the work they should be doing.)
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