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Boa WILL NOT CASH CD

WHEREISMYMONEY
  |     |   1 posts since 2020

A relative bought two CDS (1983 & 1995). She found them in a safe deposit box, and we have been trying to cash them for two years. BoA will not give her her money. They say she cashed them in. She would never have tried to cash the CDs without taking the original with her. They say she cashed the CD WITH 11 CENTS IN INTEREST (after years of automatic renewals). My aunt has her interest statements.

Any suggestions???????

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4


Answers
Confused1
  |     |   87 posts since 2018
I have never had to turn in the original certificate when I cashed in a CD. Back then the interest rates were very high but if automatically renewed the rates would have changed. Maybe at that time she cashed in the CD's and moved them to another bank for a better rate. If she has the interest statements then she should know exactly when the CD's were supposedly cashed in, when was that?
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3
taker52
  |     |   14 posts since 2020
Financial lawyer I'd rather pay them then pay the bank
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2


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