Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10.1 9/27/83; site hplabsc.UUCP Path: utzoo!watmath!clyde!burl!ulysses!harpo!seismo!hao!hplabs!hplabsc!plaskon From: plaskon@hplabsc.UUCP (Dawn Plaskon) Newsgroups: net.misc Subject: Re: Re: banks that refuse cash - (nf) Message-ID: <1659@hplabsc.UUCP> Date: Thu, 9-Feb-84 17:34:24 EST Article-I.D.: hplabsc.1659 Posted: Thu Feb 9 17:34:24 1984 Date-Received: Sat, 11-Feb-84 09:30:12 EST References: <4303@hp-pcd.UUCP> Organization: Hewlett Packard Labs, Palo Alto CA Lines: 15 I take exception to the inference that banks would act unethically upon discovering counterfeit money had been tendered. Banks are no more nor less unethical than people and although some officers might attempt what you suggest, most would not think of doing such a thing. I know, for I spent three years working in varied categories of the operations end of a bank. When counterfeit money is found it is turned into the Federal Reserve, and if the depositor is found (s)he is held liable. It is difficult to pin down who handed you which cash, though so in general, the bank will take the loss. This applies to over the counter transactions. Night deposits are different as each deposit is a separate entity which can not be verified in the presence of the depositor, therefore, the deposit is deducted afer the fact. Bankers are people, too neither better nor worse than the rest of us.