Wells Fargo says no way to kidney patient trying to cash long-ago checks

[Tony_FLADEM]

A strict diet, designed for medical purposes, is just part of the deal. That includes hiding the salt shaker and steering clear of alcohol.

Smoking is out of the question, and frequenting the gym whenever your body is agreeable would also qualify as part of the routine.

When you are waiting on a kidney transplant to prolong your life, you accept certain hassles along the way. Ronald Yaffe expected all of that.

Here's what he did not expect:

A yearlong battle with Wells Fargo concerning $10,000 in cashier's checks from the 1980s that the bank says it is not obligated to pay.

"I'm mad. This has gotten personal, and I'm not going to let it go,'' Yaffe said Monday. "Who would ever think that if you give your money to a bank, they won't give it back to you when you ask for it?''

This story begins more than 30 years ago when Yaffe began turning his spare cash into cashier's checks at Central Fidelity Bank in Richmond, Va., where he was an optometrist. The idea, he said, was to have emergency funds to take with him on long sailing trips.

The checks, totaling $11,800, went unused and Yaffe stashed them in a safe deposit box when he retired to Sarasota a short time later.

http://www.tampabay.com/news/courts/civil/wells-fargo-says-no-way-to-kidney-patient-trying-to-cash-long-ago-checks/2130518

[NV Whino]

1. Good old Wells Fargo

Legally, they are probably right, but banks write off so called losses like that all the time. So, past the statute of limitations or not, there was no expiration date on th e checks, and WF could have cashed them and saved more bad publicity.

Sigh.

[Art_from_Ark]

2. Why would someone buy cashier's checks as an emergency fund?

As the robot on Lost In Space would say, "That does not compute".

[LuvNewcastle]

3. That was pretty dumb.

People aren't supposed to hang on to cashier's checks like bonds. He should have bought bonds if he wasn't going to spending the money.