Correction to the article below: In the US, a customers currency - TopicsExpress



          

Correction to the article below: In the US, a customers currency deposit becomes the property of the bank after being deposited; eg the currency deposit belongs to that bank and the depositor becomes a creditor of the bank. The bank can refuse to pay a creditor for any reason whatsoever, only subject to FDIC review. (NB: Believe me, no individual should be faced with that dilemma - an individual may not file a lawsuit versus a bank.) If possible, personally retain currency and do not deposit with any financial institution unless absolutely necessary - and then only in small amounts. Never seek or accept any financial advice from any trained or professional financial advisor / trading operation under any circumstances.
Posted on: Sat, 25 Jan 2014 09:08:38 +0000

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