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Bank of America Support Ticket - holding insurance claim check

Bank of America Support Ticket

holding insurance claim check

Created By: unhappyinvestor's Picture unhappyinvestor Last Reply: NobodyUknow's Picture NobodyUknow
Priority Level: [Medium] Status: [Open]
Created: 8 years ago Last Updated: 7 years ago
Department: N/A Replies: 4

BOA is holding my insurance claim check. If they would have endorsed the check I would be able to pay down the heloc I used to finance the original repairs to my investment property. Now I have to use my heloc to fund the insurance claim repairs while I wait for them to inspect and allot me funds to make repairs. If BOA is going to hold my funds and waste my time jumping through their hoops they should compensate me for interest plus my time.


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NobodyUknow says: (8 years ago)
 0
Wtf are you whining about them "holding your check" ? There isn't enough information here to understand what your complaint even is about. Odds are your pissed that a bank wouldn't clear a multi thousand dollar check on the spot for you and they are following their terms you agreed to when opening the account. A check is a worthless piece of paper with ink saying its worth something. If the bank that check is drawn on decides not to pay they would be out the value of the check. That's why banks place holds.. Watch the movie "catch me if you can " and you will understand quickly !



NobodyUknow says: (8 years ago)
 0
Wtf are you whining about them "holding your check" ? There isn't enough information here to understand what your complaint even is about. Odds are your pissed that a bank wouldn't clear a multi thousand dollar check on the spot for you and they are following their terms you agreed to when opening the account. A check is a worthless piece of paper with ink saying its worth something. If the bank that check is drawn on decides not to pay they would be out the value of the check. That's why banks place holds.. Watch the movie "catch me if you can " and you will understand quickly !



NobodyUknow says: (8 years ago)
 0
Wtf are you whining about them "holding your check" ? There isn't enough information here to understand what your complaint even is about. Odds are your pissed that a bank wouldn't clear a multi thousand dollar check on the spot for you and they are following their terms you agreed to when opening the account. A check is a worthless piece of paper with ink saying its worth something. If the bank that check is drawn on decides not to pay they would be out the value of the check. That's why banks place holds.. Watch the movie "catch me if you can " and you will understand quickly !



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