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Re: US vs Overseas Banks
In message <Pine.3.89.9508012150.E12592-0100000@khijol> "Ed Carp [khijol SysAdmin]" writes:
> Why should they give a damn who you are? IMO, it's none of their
> business. Hell, they're making $$$ on *your* deposits, it's time they
> stopped being such shits about it.
It's probably bad for business if your bank gets a reputation as
"check-bouncers-R-Us". Knowing your customers may make it less
likely they bounce checks; it certainly makes collecting (if you
honor the check) much easier.
--
Michael Froomkin until Aug 6: [email protected]
U.Miami School of Law London, England
[email protected] <-- this will still find me
PO Box 248087 Coral Gables, FL 33124-8087 "Rain in parts, then dry" --BBC
See http://www-swiss.ai.mit.edu/6095/articles/froomkin-metaphor/text.html