Banks and Your Money

Filed under: Personal; Author: Les Bain; Posted: July 13, 2008 at 9:40 am;

Today, in an article in the San Francisco Chronicle, Gail Hillebrand, a senior attorney is quoted as follows “You think when you open a bank account that the money belongs to you.  That’s not the way the bank sees it and it’s not the way the law sees it.”

I learned this lesson the hard way.  It is a long painful story, but I know now that money in a bank account is not always under my control. I argued with a bank long and hard about this point, but I lost.

The article tells the stories of various people that also learned the lesson.  They were all shocked as I was.  A most painful lesson.

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