First Republic Bank Bank Account Or Service Complaint

Cashing a check without an account Deposits and withdrawals

First Republic Bank Bank account or service department,

Cashing a check without an account Deposits and withdrawals California

I went into First Republic Bank in downtown - - on -/-/15 at - located at - - - - -, - - , CA -. I went into the bank to cash a legal settlement check in the amount of -. The gentleman that I spoke with was a - man with - hair who sat - or - desks in from the front door told me that they could n't cash my check. They only had - or - - dollars at most. When I inquired about why they did n't he said they did n't keep that much cash. He said they just did n't which I think is total - Further there was no policy or anything posted at the bank that states they have a limited amount of cash on hand or on their website that says that requests for large amounts need to be handled in a x amount of time '' There is no question about whether or not the funds were available for this check. It was placed in a client trust account - legally no check can be issued from these accounts until the funds have been verified. So I am curious about why this person encouraged me to cash a check at my bank that I knew would be put on hold again at my bank because now they need to wait for it to clear from this bank instead of this bank providing me with the cash that I requested from a check drawn on their bank from a client trust account. Was it racism? Is it misplaced policy? Why allow someone to write a check in that amount if you are n't legally willing to honor the instrument person. I would like to know.

First Republic Bank customer in California
Oct 08, 2015

* Source: CFPB Complaint Database

First Republic Bank response to complaint:
Closed with explanation

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