What is the name of your state? California
I'm curious to know if a bank is required to cash a check drawn on one of it's own accounts. I've recently acquired a new tenant, who has an account at Bank of America. Conveniently enough, I have a Bank of America branch nearby. I just returned from this BofA branch, where I tried to cash the tenant's deposit and rent check. I do not have a BofA account, and I was informed the branch could not / would not cash these checks. The teller stated that they have certain 'amount limits' on checks they can cash for non-account holders. Of course, she wouldn't tell me what these amounts are. She suggested that I:
1) Deposit the checks into my account at my bank
2) Drive to the 'home' branch of the account holder (~100 miles away) and attempt to cash the checks at that branch.
I'm curious about this policy. Specifically, I'm curious if the bank can refuse to honor / cash these legitimate checks, drawn on the bank.
Please note: I can deposit these checks into my account (at a competing bank). I'm not arguing that point. I'm wondering if BofA can legally refuse to cash these checks, drawn on a BofA account.
Thanks in advance for your input and / or assistance.