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In general new money laundry laws require evidence of sources for higher amounts of cash. The banks in Sweden blame EU laws, but the EU laws allow transactions of below €15,000, while Swedish banks require evidence and can refuse to accept or confiscate cash without lower limit and have high requirements of documentation. [citation needed]
Steps to take if your bank refuses to refund your money. Since consumer protections typically focus on preventing fraud — rather than scams — you are far from alone if you’re unable to get ...
There is a misconception that somebody due to be paid a certain amount of money—such as a shopkeeper—must accept legal tender if proffered for payment; [41] in reality the payee may choose to refuse or accept any specific type of payment, whether legal tender or not. [42]
Can businesses really refuse to take cash anymore? Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach us. Mail. Sign in. Subscriptions ...
If a cheque is dishonoured for any reason, the bank on which it is drawn must promptly return the cheque to the depositor's (payee's) bank, which will ultimately return it to the depositor. The depositor's bank will debit the amount of the cheque from the depositor's account into which it had been deposited, as well as a service fee.
Banks can't take money from your 401(k) or IRA account, even if they supply the account. They can only take money from deposit accounts, like checking accounts, savings accounts, and CDs.
Just when you thought you had heard it all. Tampa Bay Florida's Channel 10 is reporting that one Steve Valdez tried to cash a check that was written on his wife's Bank of America check. The policy ...
In some cases, the payee will take the cheque to a branch of the drawee bank, and cash the cheque there. If a cheque is refused at the drawee bank (or the drawee bank returns the cheque to the bank that it was deposited at) because there are insufficient funds for the cheque to clear, it is said that the cheque has been dishonoured. Once a ...