WTF, FDIC?!
https://abc7news.com/bank-of-america...oney/11530499/
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"Friends don't let friends bank with Bank of America." A lawyer friend of mine told me that after relaying a couple of mortgage horror stories about when BoA was in the home mortgage business. I think it's still good advice.
XOXO
Z
The article says the cashier's check was made out to 'Bank of America' rather than the person cashing the check, which is what caused the problem. I don't know why he wouldn't have had the check made out to himself.
Wells Fargo is a lot worse than BoA. They recently had a scandal where their employees created millions of savings and checking accounts for customers without their knowledge or approval. Wells Fargo was forced to pay $3 billion in compensation.
https://www.forbes.com/sites/jackkel...count-scandal/
I can't speak for anyone else, but I've been using BoA for many years and have never had a problem with them. Also, they give me a 3% discount on gasoline with their credit card.