Quote:
Originally Posted by Baron Cross
Hello guys
You think thats bad that they wont cash your check, I was trying to take money out of my account at wells fargo and they said they dont have that kind of cash on hand that I have to wait for 7-10 days to wait for them to order it.  I said I thought you guys were a bank. I was trying to take out 20K but I have 175K in deposit. Its not like I was trying to take out all my money. Then I said how much can you give me then and they replied none because they know how much I was trying to take out that I have to order the whole thing if I want cash. I went to a different branch and they told me the same thing and I only ask for 10k. So I went to a another branch got 4k. |
It's rather standard. Banks don't keep millions in the vault just in case someone wants to make a large withdrawal.
People, realize that there is a cost to the bank for cash. They buy the money from the Fed, who charges a fee.