Bank of America

Discuss questions around local unit policies for budgeting, reconciling, etc. This forum should not contain specific financial or membership information.
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Bank of America

Postby rwood90 » Tue Mar 05, 2013 5:02 am

the local Bank of America - where many of our units deposit - has been trying to get return phone call from posted numbers on the deposit account (i.e. suspect at HQ in SLC) - no reply. Bank manager tracked down our Stake President and called. Said that if a deposit slip or paper work is put in top with Cash, they have to open it at local bank.. There would be a $55 fee per bag opened. stop putting the slips in top with the cash....please. Anyone else?? seems instructions for slips / bags needs to be updated quick RW

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Re: Bank of America

Postby aebrown » Tue Mar 05, 2013 6:36 am

Our units deposit at Wells Fargo, and we've received no such complaints from the bank.

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Re: Bank of America

Postby Gary_Miller » Tue Mar 05, 2013 7:26 am

Sound like something you need to call LUS about and let them solve the issue with the bank. Maybe the local manager does not understand the agreement the church has with the bank.

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Re: Bank of America

Postby lajackson » Tue Mar 05, 2013 1:06 pm

rwood90 wrote:stop putting the slips in top with the cash....please.

The stake clerk will want to call the Finance Department and let them know what is happening.

There should be one deposit slip with the coin and a copy with the checks. The purpose of the dual part deposit bag is so that the coins can be counted locally and the checks processed at a central location. If you do not put a deposit slip with the coins, you risk their disappearance.

No one else in town uses the dual pouch deposit bags the Church uses, but the local BoA has figured out the system and we have not had any complaints.

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