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Re: US vs Overseas Banks



In message <[email protected]> "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