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Personal Finance

Cashing a check at a local bank

I cashed a check for $7000 at my local bank. I knew they could ask where the money came from, but can they also ask what I plan to do with the money? Got my rankles up!


candlewick  Tue 26/08/08 22:20
Ethel
Tue 26/08/08
22:35
This is mainly a UK site, so not knowing which country you are in, and only knowing you deal in $, it is unlikely you are going to get a proper answer.
chazza
Wed 27/08/08
13:48
I would guess from the spelling of check as well as the currency that candlewick is american
squarebear
Wed 27/08/08
13:50
The reason they are asking what you plan to do with it is so they can sell you something.

Example:

You: I'm going to buy a car
Bank: Would you like to buy car insurance

You: I'm going on holiday
Bank: Would you like travel insurance, holiday money from us.
chas2008
Tue 02/09/08
13:02

or which of there accounts or savings plans would be of benefit to you !!
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