Credit Union Restricted Account Access So Withdrawal is Not Possible

[curiousv]

What is the name of your state (only U.S. law)? WA

My relative who is 64 years old got two cashier's checks deposited directly in her account on Feb. 24 2017 total amount of 20k. Today it is March 13 2017 which is 3rd week and credit union has restricted account access so funds and were not available for withdrawal. When asked this CU said we need to verify/validate the check deposited because they think it is a scam or bogus check and we want to protect or our member. But they could not specify when funds would be available.

Is this common to hold the funds for such long time? when we check at ATM it shows funds fully available but when try to withdraw it says not possible.

She gave me power of attorney because she is kinda sick so when I talked with CU about this on phone.....that girl said well you might be a part of scam....

Are their any rules to protect consumers against such practice? what is allowed time limit for bank/credit union to hold funds like this?

if there are any rules or law please refer me to such in state of WA

 

[ejames23]

What is the name of your state (only U.S. law)? WA

My relative who is 64 years old got two cashier's checks deposited directly in her account on Feb. 24 2017 total amount of 20k. Today it is March 13 2017 which is 3rd week and credit union has restricted account access so funds and were not available for withdrawal. When asked this CU said we need to verify/validate the check deposited because they think it is a scam or bogus check and we want to protect or our member. But they could not specify when funds would be available.

Is this common to hold the funds for such long time? when we check at ATM it shows funds fully available but when try to withdraw it says not possible.

She gave me power of attorney because she is kinda sick so when I talked with CU about this on phone.....that girl said well you might be a part of scam....

Are their any rules to protect consumers against such practice? what is allowed time limit for bank/credit union to hold funds like this?

if there are any rules or law please refer me to such in state of WA

where did the checks come from?

 

[curiousv]

checks came from previous employer

 

[Ohiogal]

POSTING HISTORY should be read.

 

[ShyCat]

checks came from previous employer

Your relative's former employer? Or yours?

Why was this former employer paying with cashier checks rather than usual payroll checks?

 

[curiousv]

Your relative's former employer? Or yours?

Why was this former employer paying with cashier checks rather than usual payroll checks?

My relative's former employer...my relative is more than 65 years old.

Former employer underpaid her so she had to sue former employer to get paid...that is why employer paid via cashiers check

 

[Zigner]

Per the OP's other thread, the relative already has the money. There really is nothing to see here, as I mentioned in my response in the other thread.

 

[curiousv]

Per the OP's other thread, the relative already has the money. There really is nothing to see here, as I mentioned in my response in the other thread.

She has the money now but she did not have for 3 weeks and she needed it the most during that time.

 

[Zigner]

She has the money now...

Exactly .